Articles Tagged ‘debit card hold’

How Debit Card Holds on Your Funds Can Cost You Money
Wednesday, April 30th, 2014
How Debit Card Holds on Your Funds Can Cost You MoneyFor quick and easy access to the funds in your checking account, nothing is quite as convenient as a debit card. Branded with a Visa or MasterCard logo, you can use a debit card at any merchant that accepts a credit card, and doing so is much quicker than paying by check. But the process by which payments are processed whenever you make a purchase with a debit card is much different than the impact of paying by a check or using cash. Debit card use often involves the use of “holds” that can tie up funds that are in...

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