I received an authorization alert and now have a hold on my account. What is an Authorization hold?
When your Available Balance is less than your Balance, it may be due to an authorization hold. This is the practice within the financial industry of authorizing electronic transactions done with a debit or credit card and holding this balance as unavailable, either until the merchant clears the transaction (also called settlement), or the hold falls off. Authorization holds for both debit and credit cards will fall off the account (thus rendering the balance available again) in three days after the transaction date. Signature based (non-PIN based) credit and debit card transactions are a two-step process, consisting of an authorization and a settlement. Why can’t I access your web site? When I tried to access the site, a message came up that said I couldn’t access at this time. When I contacted the credit union at a later date I was told the problem had been fixed but I’m still getting the same message. Your system may be trying to access our web site via your cache (temporary internet
Related Questions
- I have a Regents hold on my account that states I must sign up for remedial coursework. Why cant I just sign up to take the test and have the hold removed?
- I just received and entered my authorization code for newly purchased software. Should I hold on to the site code and authorization codes?
- How do I obtain payment information for a State issued check I received or a direct deposit to my account?
