Common use of Authorization Holds Clause in Contracts

Authorization Holds. When you use your Debit Card to purchase goods or services, the merchant may attempt to obtain preauthorization for the transaction. If the merchant makes such a request, a “hold” is placed on your Available Funding Source Balance for the amount of the preauthorization request (which may vary in some cases from the amount of the actual purchase, depending on the merchant or purchase type), until the merchant sends the final payment amount of your purchase, or for up to sixty (60) days, even if you fail to make the purchase. During the hold period, you may not have access to the preauthorized amount in your Available Funding Source Balance. We will not be responsible if any transactions are not completed because of the hold. If the preauthorization request varies from the amount of the actual transaction, the actual transaction amount will be debited from your Funding Source and deducted from the Available Funding Source Balance, even if this results in your Available Funding Source Balance becoming negative. Bank is not responsible for any negative balances in your Funding Source. If you use the Debit Card at an automated fuel dispenser (“pay at the pump”), the transaction may be preauthorized for an amount up to $175.00. If the Debit Card is declined, but you have sufficient availability in your Available Funding Source Balance, you should use the Debit Card to pay for the purchase inside with the cashier. If you use the Debit Card at a restaurant, a hotel, for a car rental purchase, or for similar purchases, the transaction may be preauthorized for the purchase amount plus up to twenty (20%) percent to ensure there are sufficient funds available to cover tips or incidental expenses incurred. You do not have the right to stop payment on any purchase or payment transaction originated by use of the Debit Card.

Authorization Holds. When you use your Debit Card to purchase goods or services, the merchant may attempt to obtain preauthorization for the transaction. If the merchant makes such a request, a “hold” is placed on your Available Funding Source Balance for the amount of the preauthorization request (which may vary in some cases from the amount of the actual purchase, depending on the merchant or purchase type), until the merchant sends the final payment amount of your purchase, or for up to sixty (60) days, even if you fail to make the purchase. During the hold period, you may not have access to the preauthorized amount in your Available Funding Source BalanceSource. We will not be responsible if any transactions are not completed because of the hold. If the preauthorization request varies from the amount of the actual transaction, the actual transaction amount will be debited from your Funding Source and deducted from the Available Funding Source BalanceSource, even if this results in your Available Funding Source Balance becoming negative. Bank is not responsible for any negative balances in your Funding Source. If you use the Debit Card at an automated fuel dispenser (“pay at the pump”), the transaction may be preauthorized for an amount up to $175.00. If the Debit Card is declined, but you have sufficient availability in your Available Funding Source BalanceSource, you should use the Debit Card to pay for the purchase inside with the cashier. If you use the Debit Card at a restaurant, a hotel, for a car rental purchase, or for similar purchases, the transaction may be preauthorized for the purchase amount plus up to twenty (20%) percent to ensure there are sufficient funds available to cover tips or incidental expenses incurred. You do not have the right to stop payment on any purchase or payment transaction originated by use of the Debit Card.

Authorization Holds. When you use your Debit Card to purchase goods or services, the merchant may attempt to obtain preauthorization for the transaction. If the merchant makes such a request, a “hold” is placed on your Available Funding Source Balance balance for the amount of the preauthorization request (which may vary in some cases from the amount of the actual purchase, depending on the merchant or purchase type), until the merchant sends the final payment amount of your purchase, or for up to sixty (60) days, even if you fail to make the purchase. During the hold period, you may not have access to the preauthorized amount in your Available Funding Source BalanceSource. We will not be responsible if any transactions are not completed because of the hold. If the preauthorization request varies from the amount of the actual transaction, the actual transaction amount will be debited from your Funding Source and deducted from the Available Funding Source BalanceSource, even if this results in your Available Funding Source Balance balance becoming negative. Bank is not You remain responsible for any negative balances in your Funding Source. If you use the Debit Card at an automated fuel dispenser (“pay at the pump”), the transaction may be preauthorized for an amount up to $175.00100.00. If the Debit Card is declined, but you have sufficient availability funds available in your Available Funding Source BalanceSource, you should use the Debit Card to pay for the purchase inside with the cashier. If you use the Debit Card at a restaurant, a hotel, for a car rental purchase, or for similar purchases, the transaction may be preauthorized for the purchase amount plus up to twenty (20%) percent to ensure there are sufficient funds available to cover tips or incidental expenses incurred. You do not have the right to stop payment on any purchase or payment transaction originated by use of the Debit Card.