What is the Pledged Amount that is showing up on my available checking balance online?
In the past, Visa transactions may not have cleared your account for 3 days after we had given the authorization, making it possible for the funds to be depleted before the transaction posted to your account. Now when you use your Debit card as a Credit card (without your PIN number) the merchant obtains an authorization from us okaying the purchase. Once that authorization is given the funds are moved out of your available balance and put in the pledged amount. When the purchase comes through, it will take the place of the pledge. Visa transactions are now clearing in what we call “real time” , just like the Debit transactions. If you add your available balance and the pledged amount together it will equal your account balance.
