Thursday, April 19, 2018

Banking

Today involved moving a lot of money around.

I did learn something new. When one deposits an amount in the checking account it shows up almost immediately online as a new balance.

However, there is a notation: Transaction pending.

This means that you better wait at least twenty-four hours before you try to use that money in a check writing action.  The explanation was something about a "shadow posting."

That didn't mean anything to me and she didn't offer any more information.

1 comment:

  1. I only check balaences online, I am not so sure about online banki9ng:(

    ReplyDelete