What is a MasterCard® Debit Card preauthorization hold?
When you use your MasterCard® Debit Card to conduct a credit transaction (you do not enter your PIN), the merchant sends us the amount, usually your purchase total, for preauthorization. This amount is placed on hold and removed from your available balance immediately. Holds are typically released when the transaction clears your account or within 72 hours from the original transaction time, whichever comes first. The hold helps reflect the most current available balance on your account through FORUM’s CU Online Internet Banking, Tellerphone Banking, CU Online Alerts and at ATMs. 2. Will MasterCard® Debit Card preauthorization holds apply to all of my purchases? No, they only apply to MasterCard® Debit Card purchases when you sign your name or do not enter a PIN. Debit card purchases and ATM withdraws made using a PIN subtract the funds immediately from your account, thereby reflecting an accurate available balance. 3. What is the difference between my actual balance and my available b
