What does a "pending transaction" mean with a bank account?

My fiance and I have just set up a bank account together and I go online everyday to check our current balance. On one of our accounts it has a "pending transaction" of $10 but the date is for Monday when it is only Saturday. What does that mean and everything! Please help I'm a college student still learning things.|||whatever that transaction is...it will post to your account on Monday. the funds may or may not have been credited or debited to your balance already. if the ATM was used or a purchase with a debit card was made late Friday after whatever time the institutions have set for end-of-day, to carryover to the next business day, or anytime Sat. or Sun., since these are not business days (the Federal Reserve is not open on weekends) making Monday the next business day, these are pending transactions. the system is waiting for the actaul business day to begin in order to process all the information. if you have an ATM/DEBIT card associated with your checking account, be careful at all times. any time it is used as "credit" (not needing you to enter PIN) a "hold" should appear on your account for that amount, but it may take 3-5 days for the funds to be debited from the balance. this also may show as a pending transaction. save those receipts!!! if you shop at more than one place in a day or weekend, the grand total will show as pending, the system cannot breakdown into individual instances. if you have any questions, be sure to call your financial institution and someone should be able to look up when and where the transactions took place, and how long the funds are held. its a tricky thing though, once the transaction posts to your account, they may not be able to get all the info you want...it's just no longer available. the system automatically drops what it doesn't need. OH Yeah, sometimes if the card is used as credit, nothing shows on your account til the funds are taken. has happened to me...used at gas pump...SAVE THOSE RECEIPTS. since you are one of the good ones who keeps up with your accounts, you will be able verify all your transactions by matching up the receipts. Good Luck.|||Regarding pending transactions, when they are pending when you check your account while the bank is still opened, if you have a negative balance that is pending, you can go in the bank and make a deposit to cover the negative balance. Must be done the same day before the lobby is closed. been there

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|||It sounds like you have set up an electronic bill payment. It is scheduled to occur on Monday.|||Pending: Transaction in process.





Example, If you send a payment via bank then it may take up to 4 days to get to the intended recipient. Hence the account transaction is pending.