What is an “authorization”?
While our physicians may make a referral without prior approval, they must consult with Hill Physicians on certain services, including (but not limited to) inpatient hospital stays, outpatient surgeries, MRIs, CAT scans, durable medical equipment, chemotherapy and radiation therapy. Our medical team reviews each authorization to ensure that the most appropriate course of treatment is considered. We process urgent authorization requests within 24 hours and most routine, non-urgent requests within 2 working days. Complex requests may take longer to review.
An authorization is different from a deposit because the funds are not actually taken from the account. Your bank will place a “hold” or “freeze” of funds against your credit card’s available account balance. It is similar to when a bank places a “hold” on a check you want to cash. Once the authorization is released, the funds are then available to be used. Authorizations are automatically released when your credit card is charged at the end of your rental.
When using your BankAtlantic Debit Card for purchases where a signature is used versus a PIN (Personal Identification Number), the merchant will submit a request for an approval or an “authorization” for the transaction. This authorization is used to verify that the account is open and that the purchase amount is acceptable at the time of the request. The authorization amount can vary by merchant. Most merchants will request an authorization for the exact amount of the purchase. However, some merchants may send a nominal amount such as $1.00 or an estimate that is more or less than the actual purchase amount. Each authorization will display as a pending transaction. This pending transaction will be credited back to your account within 2 business days. When the transaction is presented to the bank, the actual purchase amount is then deducted from your account.
