What is the difference between posted date and transaction date on a bank statement?

posted date is the date a transaction actually posts to the account. usually debit-based transactions, atm withdrawals, checks.





transaction date is when the card was swiped at a point-of-sale terminal. if it is a credit based transaction, it could take usually anywhere between 1-3 business days for that merchant to notify the bank that you authorized the transaction.





the credit based transaction is subtracted from your previous day's posted balance to yield your available balance.





note: watch out for credit-based transactions from gas stations, they do not hold funds in an authorized hold and will not appear as a pending transaction.





(also, for some banks, post date %26amp; transaction date may mean the same thing)