What does "Pending" mean in a credit transaction? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What does "Pending" mean in a credit transaction?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

A transaction that has received initial authorization but is not yet finalized.

Steps

  1. Await settlement or cancellation and contact your bank if the hold-up is prolonged.

  2. "Pending" does not always mean final debit.

Source

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