Question on debit cards
Don't know how much truth there is in this, but thought you'd know if anyone does-----
I've heard that when one uses a debit card on some transactions like a gas pump where the total is open-ended when the card is first processed, there is a hold put on an amount of money that would exceed the normal transaction, e.g., maybe $75.00 on a gas purchase. In an ideal world, as soon as the transaction is completed, actual amount of the purchase would be posted and the hold would be released. I've been told, however, that often the hold remains in effect for a period after the transaction and that those funds are then unavailable to you, in some cases leading to an overdraft.
Any truth at all to that? ???
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Kansas City, MO; Alamo & Albuquerque NM; Quad Cities; St Louis; DC ~ NOVA; Nuernberg; Heidelberg; DC ~ NOVA; Liberty Park ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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