Pending Transactions & Deposits On PC Money Account | PC Financial (2024)

FAQs

Pending Transactions & Deposits On PC Money Account | PC Financial? ›

Transactions may temporarily show with a pending status for up to several days due to processing. Don't worry, pending status is not a hold or a delay. Any deposits made to your PC Money™ Account that are not on hold but showing as pending are available to you immediately for use.

How long does it take for a pending transaction to post to my account? Pending transactions typically take up to 3 business days to post to your PC Money^™ Account.

These deposits may temporarily appear as “Pending” on your PC Money™ Account. The hold starts from the time the transfer is no longer in the scheduled & pending transactions and appears as deposited funds in your account until the evening of the fifth business day. Example: Transfer is initiated on a Monday.

If we have everything we need to proceed, your application should be approved within 7 business days from the date that you submitted it. If you're approved, you'll receive a confirmation email and from there, you should get your PC® Mastercard® in the mail within 10-15 business days.

The PC Money™ Account is provided by President's Choice Bank. The PC Optimum™program is provided by President's Choice Services Inc.

Here are some examples of when pending transactions may post. Cash bank deposits typically post to your account the next business day. Automated Clearing House (ACH) bank transactions may post the same day or take up to three business days.

Funds are deposited into your account on the Tuesday and a five-business-day hold is applied. The hold will be released the following Tuesday in the evening calculated as follows: Wednesday = 1 day, Thursday = 2 days, Friday = 3 days, Monday = 4 days, Tuesday = 5 days.

Pending transactions are payments that would normally go into or out of your account within 7 days.

These include the merchant, the bank or credit card issuer, the payment processing network and the type of transaction. For everyday transactions that may be pending, you'll likely see them processed within three to five business days.

When you make a transfer, it may take some extra time to be sent to your recipient. This is known as a pending transfer, and it may occur for several reasons: No processing on weekends or bank holidays. Additional processing checks.

How long to receive e transfer PC Financial? ›

Funds are deposited into your account on the Tuesday and a five-business-day hold is applied. The hold will be released the following Tuesday in the evening calculated as follows: Wednesday = 1 day, Thursday = 2 days, Friday = 3 days, Monday = 4 days, Tuesday = 5 days.

Unlike its former banking service, which was provided by CIBC, PC Money Accounts are issued directly by President's Choice Bank.

Credit and debit card transactions are often processed instantly, but funds can take a few days to clear. ACH or Direct Debit transactions typically take 1-3 business days, while wire transfers are usually processed the same day.

You can withdraw cash from your PC Money^™ Account without incurring fees through one of our many PC Financial ATMs. You can also withdraw cash from a 3rd party ATM, subject to a fee (see fee schedule).

Unlike a typical Mastercard^® credit card, the PC Money^™ Account directly withdraws your own funds to make a transaction, instead of drawing from a portion of your available credit due to be paid back to the bank.

Keeping your money safe is our top priority with 24/7 fraud detection and support, and Mastercard® Zero Liability Promise for unauthorized purchases⁹. Card security options. Temporarily lock a card through the PC Financial® app if it's lost or stolen.

How long do pending transactions take to clear? Pending transactions generally take between one and five business days to clear. That time can vary based on the type of transaction, the payment network, and the bank or credit card issuer.

Generally it takes about 3 to 5 business days to process a transaction, although it can take up to 10 business days or longer.

How long do pending transactions take? In general, it can take up to three business days for a pending transaction to clear. But that time frame can depend on the bank or credit card issuer, the payment network—like the Automated Clearing House (ACH)—and the type of transaction.

That's because the retailer still needs to process and complete the payment. So, it may look like you've got more money to hand than you really do. To avoid confusion, banks often provide an 'available balance' or 'balance after pending transactions' too.