How Long Do Pending Transactions Take?

What exactly does it mean when a transaction is pending? We know it shouldn’t take too long, but what does it mean for your balance? Let’s take a look at some of the common questions regarding pending transactions, and the credit/debit card pending transaction period for some of the major banks and payment processors (PayPal, Chase, Wells Fargo, Citi, etc).

How Long Do Pending Transactions Take? Pending transactions usually take from 3 to 5 business days to clear, depending on the merchant and the bank. The debit card pending period is sometimes shorter compared to the credit card, and it ends once the transaction is completed, canceled, or because the hold expires.

The transaction can be completed once the merchant requests payment. Merchants typically do this in batches at the end of the day, and until that time, the amount is put on hold, reducing the balance of your available funds.

This period is called an “authorization hold”. The actual balance will not be reduced until the merchant submits the batch of transactions, and the banking system transfers the funds.


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Does Pending Mean It Went Through?

Pending the transaction doesn’t mean it completely went through, just that the charge was made. During the pending period, the money is on hold by the bank for the merchant, and until the merchant requests, the money related to the transaction cannot be settled. Once it’s settled, you’ll be able to use the funds.

holding a card for transaction payment

Are Pending Transactions Already Deducted From Account?

Pending transactions are a way of banks saying that the amount pending is reserved for the merchant. It hasn’t left your account yet, but no one can touch these funds, not even you. This means that the funds are deducted from the funds that you can use, but they haven’t left the account yet.

Are Pending Transactions Included in Available Balance?

Pending transactions that haven’t been cleared aren’t typically included in the available balanceThe available balance represents the funds available for immediate use, and only after the transaction is settled will the money will be included in your available balance.

Pending transactions are however included in the “current balance”. The current (present) balance is typically different than the available balance and includes both your available balance and any transactions that haven’t been cleared, such as pending transactions.

You can use your other available balance while any amount of transactions are pending, but not the funds that are pending in a transaction.

Why Do Pending Transactions Take So Long?

Pending transactions take a few days because of the authorizations and the ACH system that most banks use. If you’re charged on the card, your issuing bank only earmarks funds in your account, and you’re given authorization as a courtesy to show you how much you owe in a transaction. However, the transaction isn’t yet fully completed. 

Only after the merchant requests, the money submits the batch of transactions, and the banking system transfers the funds, is the transaction fully completed.

Can a Pending Transaction Be Cancelled?

Pending transactions CAN be canceled, but you’ll need to either contact the merchant, or the bank to request canceling the transaction.

Depending on the financial institution and the merchant, it should take no longer than one or two business days for a pending transaction to be canceled, if it can be.

How Long Does a Pending Transaction Take To Expire?

For debit cards, pending transactions last up to 7-8 days (depending on the bank), after which the hold falls off and the money once again shows as available in your bank balance. For credit cards, pending transactions can take up to 30 days before they expire.

business man paying with a card transaction

How Long Do Pending Transactions Take On PayPal?

Pending transactions on PayPal typically last for a few days to a week, up to a maximum of 21 days, whether you’re a business selling products or a consumer buying. Businesses can reduce this time to just one day by printing a USPS/UPS shipping label or adding tracking information, while buyers can simply call PayPal, to try to reduce the timeline.

There are several reasons why PayPal might hold funds of a business:

  • You’re a first-time seller
  • You haven’t sold in a while
  • Multiple customers asked for a refund, dispute, or chargeback
  • Your selling activity is unusual or has changed
  • You’re selling higher risk items

You can cancel the payment on PayPal, but only if a payment is sent to an unregistered or unconfirmed email address or a mobile number. Pending payment is automatically canceled if the recipient doesn’t claim or accept it within 30 days. If you paid with a credit/debit card, the money will be refunded to your card in 2 to 5, and up to 30 days.

How Long Do Pending Transactions Take On Payoneer?

Pending transactions on Payoneer usually take up to 2-3 business days. You can try to expedite the process by submitting any documents that are still pending in the Verification Center. If you did so, then it should take up to 4 business days for the payment to go through.

Payoneer is fast and transactions aren’t usually pending for long. If you still don’t have an account, then get started with Payoneer and get a $25 bonus from this link.

How Long Do Pending Transactions Take on Wells Fargo?

Wells Fargo pending transactions usually take 2 to 3 days to clear, and up to 7 business days. If you deposit after the cut-off time or on a non-business day, they will credit your account on the next business day. If your pending items put you into overdraft, you may be charged a fee.

Common reasons for placing a hold for a deposit on Fells Fargo:

  • New customer
  • Accounts with frequent overdrafts
  • The deposit exceeds the total available balance

How Long Do Pending Transactions Take on Chase?

Pending transactions on Chase usually take one business day to post, and up to a few business days, but only if transactions were done before the cutoff time. There may also be extended holds in place for new Chase customers, where you may be waiting longer for your funds to be available, up to 7 days.

For Chase, every day is a business day except Saturdays, Sundays, and business holidays. For deposits and transfers at most ATMs, the cutoff time is 11 pm ET (8 pm PT). For more information, check the Funds Availability Policy in the Chase Deposit Account Agreement.

Wire transfers, electronic direct deposits, and cash deposits are usually available on the day the deposits are received.

Common types of debit transactions that may appear as pending are:

  • ATM and Chase Banker Withdrawals, Transfers, and Payments
  • Automatic Payments
  • Chase.com or Chase Mobile Online Transactions
  • Checks Drawn on Your Account
  • Debit Card Transactions
  • Wire Transfers

How Long Do Pending Transactions Take on Capital One?

Capital One payments typically post the same day they are received, if the transactions were done before the cut-off time, which is 9 pm ET. If they were done after the cutoff time, they will post the next day, and up to a few days at most.

All Internal Transfer instructions received before 11:59 pm ET will be posted to your account the same Business Day.

Pending transfer instructions can be canceled or modified until the status changes to “In process”. They can’t be canceled or modified after the cut-off time for the transfer date.

For transfers into a Capital One Bank retail account, the funds may not be available until the third Business Day after the “Deliver By” date.

How Long Do Pending Transactions Take on Amex?

Pending transactions on Amex (American Express) usually take 48 hours to settle, depending on the merchant, and up to 4 days. If the transactions cannot be completed for some reason, they will fall off after about a week.

According to Amex, pending transactions cannot be disputed until the transactions are completed. Only after the transaction has been posted can you dispute the transaction. If you didn’t authorize the transaction you should call the number on your card to report an unauthorized transaction. Look into virtual debit/credit cards for more security and control.

How Long Do Pending Transactions Take on Cash App?

Pending transactions don’t often happen on Cash App, as payments are usually available instantly. Most direct deposits should be available to you immediately, but in some cases pending transactions may take 2 to 5 business days to clear.

If payment is showing as pending on Cash App, then it usually means that you need to take action. Sometimes, you’ll be presented with the steps in your activity feed that you need to take, while other times you may need to contact Cash App support.

How Long Do Pending Transactions Take on US Bank?

Deposits will be typically pending for about one to two business days on your account, but usually no more than three business days. Pending transactions (pending card authorizations) aren’t available for use on your available balance but will show in your total account balance.

How Long Do Pending Transactions Take On Coinbase?

Purchase or deposit transactions on Coinbase through debit cards in the US (or using USD wallet) take about 3 to 5 business days, as they are done using the ACH bank transfer system. Transactions with EUR Wallet using SEPA transfers can take up to 2 to 3 days. For Canadian and Australian customers, crypto purchases made using debit cards are done instantly.

For transactions from/to Coinbase wallet, most incoming transactions will show up in your account instantly, but may also show as “Pending” until there have been enough network confirmations. The number of confirmations needed is based on the digital currency.

For credit cards, your bank may charge additional fees for Coinbase credit card purchases. In this case, Coinbase encourages affected customers to switch to a debit card.

How Long Do Pending Transactions Take On TD Bank?

Credit card pending transactions on TD Bank takes 3 to 5 days to post

There are times when your transactions may show both “pending” and “posted” at the same time. You shouldn’t worry about this, as it can happen, but you’ll only be charged once.

How Long Do Pending Transactions Take on Amazon?

All Amazon orders are pending for 30 minutes after they’re placed, as a grace period for buyers to change their minds. Orders are listed as “pending” if Amazon is verifying the payment method provided by the buyer. In some cases, Amazon may delay the verification process for payments for as long as 21 days.

Pending orders on Amazon might indicate an issue with the payment method. Here are the possible reasons for orders being in a Pending status. Amazon suggests not to ship an order with a pending status, even if the buyer contacts you directly.

Your quantity in the inventory will be subtracted by the quantity available for the listing.

How Long Do Pending Transactions Take On Citi?

Citi transactions are typically pending no longer than 2 to 3 business days. If the Citi bank decides to hold the funds for longer, you will be provided a notice that lets you know when your funds will be available

Every day is a business day except Saturdays, Sundays, and federal holidays. If you deposit before the cutoff time on a business day that they are open, they will consider that day to be the day of the deposit. Usually, the cutoff time for Citi is about 10:30 pm ET (9:30 pm CT, 7:30 pm PT).

How Long Do Pending Transactions Take on Apple Card?

Pending transactions on Apple Card usually take about 2 to 4 days before they post, depending on the merchant. For the card to post, the merchant needs to submit an invoice for payment to the card issuer. This is generally done at the end of a business day, or a few days later.

Author

  • Alex Mitch

    Hi, I'm the founder of HowMonk.com! Having been in finance and tech for 10+ years, I was surprised at how hard it can be to find answers to common questions in finance, tech and business in general. Because of this, I decided to create this website to help others!