Are debit card charges instant?

[Xionide]

I have a washington mutual check card. And I am wondering when I make purchases with it are they instantly charged to my account? I am only askingthis because I went to a terriyaki place today and put a meal on my card and it isnt showing up when I login online. Also I have made purchases at a certain jack in the box and after months I have yet to recieve any charges from that particular jack in the crack. Is my card magically giving me free food? What gives?

 

[necine]

Mine take a few days to show up in my online statement.

 

[ironcrotch]

Nothing is free, especially with banks. They will pound you worse than sonz70 will for a video card.

 

[MoPHo]

Mine show up instantly on my online summary, but when i look at my account it'll say (assuming i had 1000 before the meal and the meal was 20 bucks)

Account Balance: 1,000
Available balance: 9,980

So they don't take it out right away, but in essence, they already did

 

[Xionide]

Originally posted by: ironcrotch
Nothing is free, especially with banks. They will pound you worse than sonz70 will for a video card.

Ya but I am not talking about the bank making a mistake. I am talking about the store. Seriosuly I have ate at jitb twice and after MONTHS I have never been charged for it.

 

[Nocturnal]

Yes, debit card transactions normally are taken out right away as opposed to a credit transaction where they put a hold on it and then release the hold and then take the money out.

 

[Eli]

I'm with Wells Fargo, and it shows up instantly as far as I can tell.

 

[PetunZ]

Originally posted by: Nocturnal
Yes, debit card transactions normally are taken out right away as opposed to a credit transaction where they put a hold on it and then release the hold and then take the money out.

And bingo was his name-o.

 

[vshah]

your ledger balance might show something else though. the ledger balance is updated at the end of each business day...

 

[Suspicious-Teach8788]

Originally posted by: MoPHo
Mine show up instantly on my online summary, but when i look at my account it'll say (assuming i had 1000 before the meal and the meal was 20 bucks)

Account Balance: 1,000
Available balance: 9,980

So they don't take it out right away, but in essence, they already did

Free $8980? I wish my bank could do that.

 

[InverseOfNeo]

Originally posted by: Xionide

Originally posted by: ironcrotch
Nothing is free, especially with banks. They will pound you worse than sonz70 will for a video card.

Ya but I am not talking about the bank making a mistake. I am talking about the store. Seriosuly I have ate at jitb twice and after MONTHS I have never been charged for it.

Joy in the Butt?

 

[Legendary]

When you purchase something with a debit card, a hold is placed on your account for that amount, until the full processing information comes in (that varies by bank.)

 

[Eli]

Originally posted by: InverseOfNeo

Originally posted by: Xionide

Originally posted by: ironcrotch
Nothing is free, especially with banks. They will pound you worse than sonz70 will for a video card.

Ya but I am not talking about the bank making a mistake. I am talking about the store. Seriosuly I have ate at jitb twice and after MONTHS I have never been charged for it.

Joy in the Butt?

jack in the box? lol

 

[FleshLight]

Wamu deducts the amount from my ledger balance instantly then takes it away from my current balance after 2-3 days.

 

[spherrod]

Originally posted by: MoPHo
Mine show up instantly on my online summary, but when i look at my account it'll say (assuming i had 1000 before the meal and the meal was 20 bucks)

Account Balance: 1,000
Available balance: 9,980

So they don't take it out right away, but in essence, they already did

:thumbsup:

 

[xSauronx]

Originally posted by: Legendary
When you purchase something with a debit card, a hold is placed on your account for that amount, until the full processing information comes in (that varies by bank.)

usually.

theres still a few places around here that dont see to have kept up with the times, and i know of at least 3 gas stations that dont add any hold or withdrawl to my account, then suddenly 3 or 4 days later the transation shows up without a hold.

seems like there was a couple of mom and pop stores around here that worked the same way. meh.

 

[Insane3D]

Whenever I make a purchase where I need my PIN, it shows up instantly...

Digital Credit Union

 

[sonoma1993]

for my bank debit check card, the money is taking out right away but it takes a few days for the bank to post the transaction on my account.

 

[allisolm]

Originally posted by: Legendary
When you purchase something with a debit card, a hold is placed on your account for that amount, until the full processing information comes in (that varies by bank.)

And for those of you who live close to the overdrawn line, you might find this article interesting: Beware debit-card 'holds'.

It says that many more companies than before (including gas stations) are putting holds on accounts for non-pin transactions - even as much as a $200 hold for a $25 gas purchase. This can then cause you to be unable to withdraw funds at an ATM or even bounce a check.

Ways to avoid or mitigate the holds are discussed in the article.

 

[thirdeye]

Originally posted by: Xionide

Originally posted by: ironcrotch
Nothing is free, especially with banks. They will pound you worse than sonz70 will for a video card.

Ya but I am not talking about the bank making a mistake. I am talking about the store. Seriosuly I have ate at jitb twice and after MONTHS I have never been charged for it.

There's an auto car wash here in town that does the same thing. It will show up on pending transactions in my web banking and then go away for a month or so, and then all of sudden it will show back up after like 2 months. It's quite odd, but I certainly wouldn't count that meal as free.

 

[HardcoreRobot]

show up immediately as pending for me, couple days to clear

 

[40Hands]

Originally posted by: MoPHo
Mine show up instantly on my online summary, but when i look at my account it'll say (assuming i had 1000 before the meal and the meal was 20 bucks)

Account Balance: 1,000
Available balance: 9,980

So they don't take it out right away, but in essence, they already did

damn man, they credited your account 8,980 dollars...