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What does transaction pending mean?

what does transaction pending mean?

Learn about what a pending transaction means in your indi account. 

Making good financial decisions means knowing how much money you have available in your account. But what does it mean when transactions are “pending”? If you have an indi account, here’s everything you need to know about pending transactions.  

What is a pending transaction? 

You’re probably wondering, what does “pending transaction” mean? Pending transactions are payments or charges that haven’t yet posted. These payments or charges will be marked as pending transactions, meaning they’ve been deducted or added to your available funds but have not yet impacted your account balance.  

What does pending payment mean? It also means that the payment hasn’t yet posted. Your account balance will not reflect these payments until the date they are posted. 

Pending transactions can be frustrating, especially when you’re wondering what a pending transaction means for your bank account balance. 

Does pending mean the transaction went through? 

If a transaction is marked as pending, it has not yet settled. For example, if you use a debit card to make a payment, it will usually show up right away as a pending debit card transaction if you log in to your account. However, the payment may take some time to go all the way through. 

How do pending transactions impact my account balance? 

So what does the word “pending” mean for your bank account? And are pending transactions already deducted from your account? Debit card pending transactions haven’t yet been deducted from your account balance. However, since you know they are going to be coming through soon, you should still budget around those charges. 

What does pending mean in banking? It means that while it may not be fully completed yet, those charges or payments will come through shortly.  

When you’re checking your account balance, it’s important to include any pending transactions when determining how much money you can spend. Overdrawing your account could result in charges being denied. And while indi accounts generally can’t be overdrafted, other companies may charge you a fee if your charge doesn’t go through. 

Can a pending transaction be cancelled?  

You may be able to cancel a pending transaction. The best way to do this is to contact the company that made the charge to your account. You’ll want to contact them as quickly as possible, so they have time to reverse the charge before it’s finalized. 

We typically recommend waiting to contact us until a transaction has posted before contacting us to dispute the transaction. If the transaction has gone through and you don’t think it should have, you can contact us to see how we can help you. 

How long does a pending transaction take?  

Most pending transactions don’t take very long to go through. In fact, most are processed within five business days.  


Even though pending transactions don’t impact the balance in your account, it’s important to note that they will affect your account balance once they post. On your indi account, you can tap the “Activity” button to view your pending transactions.  

Apply today for your indi account to enjoy fee-free transfers with no monthly fees or minimum balance requirements. 

This article is not intended to provide financial, tax or legal advice and the information provided may not address your individual circumstances.