What is the difference between the pending and posted transactions that display on my teens statement?
Pending transactions are authorized transactions, and the funds have been put on hold in your teen’s Buxx account. Posted transactions are transactions that have cleared your teen’s Buxx account, and the funds have been removed. Potentially, the amount of the pending transaction can be more or less than the amount that actually posts to your teen’s Buxx account. For example, gas purchases are typically authorized for one dollar, but post for the actual purchase amount. Another example would be restaurants that authorize for an additional 20% of the transaction amount in case your teen adds a tip to the total of her bill.
Related Questions
- Can I view contribution and other investment transactions that have posted to my personal 401(k) account through the Web site?
- What is the difference between the pending and posted transactions that display on my teens statement?
- Why are some dates associated with pending transactions different once they are posted?
