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Does pending mean they already took the money out of the account?

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Anonymous

 ∙ 15y ago
Updated: 4/28/2022

yeah...pending in banking means that transaction is in process whether it is a credit or debit on an account.

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Wiki User

 ∙ 15y ago

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Q: Does pending mean they already took the money out of the account?
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Continue Learning about Finance

What does it mean when you put money into an account?

It means that you are saving some money in your own bank account.

What does pending mean on a withdraw from the bank?

Pending means that the transaction has been registered in the system but the account has not been officially updated yet.It normally stops being pending after a day or two, although credit card transactions can take several days.

What does relationship bank account mean?

A relationship bank account does not use money...

What does pending mean on a deposit in the bank?

Pending means, that the payment instrument that you deposited in your bank is awaiting clearing. Meaning it is being sent back to the issuing bank and funds would then be cleared from the issuing bank to your bank account.

What does money transfer mean?

Money transfer refers to the transaction wherein money is transferred from one bank account to another. Ex: If you want to transfer $1000 from your account to your friends account then you have to perform a money transfer

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