What is mobile deposit funds pending?

What is mobile deposit funds pending?

A pending deposit is money that has been deposited into a bank account, but has not yet been authorized for use. When you deposit money into your checking or savings account, the money will show as 'pending' until it the funds are verified and added to your available balance.

How long do mobile deposits stay pending?

A wait of two business days or so is fairly standard for pending deposits. There are regulations around how long your bank can keep your funds pending. This is to protect you from your money being held.

Why is my deposit showing pending?

If your account says that a deposit is pending, it means that the deposited funds have been received but are on hold, usually because your bank is verifying that the deposit is valid.15 nov 2020

How long will a direct deposit be pending?

A pending deposit will generally take two business days to go through, assuming that the transaction is standard and able to be verified by your bank. There are some situations where it may take longer, such as if you're depositing a much larger amount than usual.15 nov 2020

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