What Does Pending on a Bank Account Mean?

When you write a check, authorize an electronic debit or deposit money into a checking account, the transaction must be processed. The term “pending” refers to any transaction the bank is aware of but hasn’t yet processed or posted. Pending transactions of different types affect the amount of money you have available in different ways.

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Pending Transactions and Funds Available

Cash deposits are available immediately or at least the same business day. Non-cash deposits show as pending but are typically available the same or next business day unless there is a hold on the money. Banks hold transactions as pending when they are waiting for funds to clear, which can take a few days.

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Source: ehow.com

Category: Forex

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