When you use your debit card to make an ATM withdrawal or purchase, the merchant or ATM owner may request authorization from us. If the transaction is approved, we will reduce your Current Balance by the authorized amount via a memo-posted debit to your account. Sometimes, the authorization request amount and actual final transaction amount may not match. For example, a restaurant may add an expected gratuity amount to the bill, which may or may not be reflected in your final settlement.
In general, this memo posted debit will remain on your account until we receive instructions from the merchant to deduct the exact amount of your final purchase from your account (known as a final settlement request) or the expiration of 3 business days, whichever occurs first.
Please note there is an exception: If you use your PIN when paying for gas at the pump, the merchant must send us the final settlement request within two hours.
A 'final settlement request' will come after the debit card authorization request and will complete the transaction. Although most transactions settle within one or two business days, the timing depends on the merchant. There may be times when the final settlement is not received within three business days, and the memo posted debit authorization is removed and the balance restored. However, the final settlement could still be accepted beyond the three business days, resulting in a balance reduction for the final transaction settlement amount.