When they processed my account overdrew.Įssentially if you use credit a lot at the very least keep a running tally in your mind, if your balance seems to be too high a preauth may have fallen off, your bank will recommend using a check register. That means I looked at my bank account online three days later, saw my balance and acted like that was my balance. Well the company didn't do their processing until after the preauth fell off. It ended up being about 20 dollars worth of stuff. So for example I bought a large number of small things through an online store, each as separate purchases because I was just sort of browsing. (I believe the current time frame is two business days for regular purchases, it might be three, but for some purchases like hotels we're able to keep it on for a lot longer, which can cause another problem if you pay with cash instead of with your card >_<) The biggest, most common, problem that I've seen (and it's not SUPER common, but I have had it happen to me and working in a bank I see it happen to someone else at least once every other week) if a company doesn't do their processing until a week later that pre-auth can fall off, we're only allowed to hold it for a few days. Sort of, in fact it can take longer BUT what happens is they put a preauthorization on your account, this holds the money for them, so you'll see the funds come out of your account within minutes if not seconds, when the company makes the final charge when they're doing their processing 90% of the time it slips in and takes the place of the pre-auth and you'll never know the difference. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit.
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