Common use of Authorization Holds Clause in Contracts

Authorization Holds. When you use your Card to purchase goods or services or to obtain cash from certain merchants, such as a hotel or a car rental agency, the merchant may request authorization from us in advance. In the event of such a request, we may place a hold on your Deposit Account for up to seven (7) days for the amount of the request, which will limit the availability of the preauthorized amount in your Deposit Account during the hold period. In some cases, a merchant may request pre-authorization for a transaction, which are subject to a hold on your Deposit Account for up to thirty (30) days. Merchants may decide to increment the pre-authorized amount if the amount is insufficient for the final purchase, or, they may request to extend the same authorization amount if the final purchase date will be in the future. These events may result in a hold for that amount of funds for up to another thirty (30) days from the adjustment date. We will not be responsible for any transactions not completed because of the hold. If the preauthorization request varies from the amount of the actual transaction, we will debit the actual transaction amount from your Deposit Account, even if this results in a negative balance in your Deposit Account.

Authorization Holds. When you use your Card to purchase goods or services or to obtain cash from certain merchants, such as a hotel or a car rental agency, the merchant may request authorization from us in advance. In the event of such a request, we may place a hold on your Deposit Account for up to seven (7) days for the amount of the request, which will limit the availability of the preauthorized amount in your Deposit Account during the hold period. In some cases, a merchant may request pre-authorization for a transaction, which are subject to a hold on your Deposit Account for up to thirty (30) days. Merchants may decide to increment the pre-authorized amount if the amount is insufficient for the final purchase, or, they may request to extend the same authorization amount if the final purchase date will be in the future. These events may result in a hold for that amount of funds for up to another thirty (30) days from the adjustment date. We will not be responsible for any transactions not completed because of the hold. If the preauthorization request varies from the amount of the actual transaction, we will debit the actual transaction amount from your Deposit Account, even if this results in a negative balance in your Deposit Account.

Authorization Holds. When you use your Card to purchase goods or services or to obtain cash from certain merchants, such as a hotel or a car rental agency, the merchant may request authorization from us in advance. In the event of such a request, we may place a hold on your Deposit Account for up to seven (7) days for the amount of the request, which will limit the availability of the preauthorized amount in your Deposit Account during the hold period. In some cases, a merchant may request pre-authorization for a transaction, which are subject to a hold on your Deposit Account for up to thirty (30) days. Merchants may decide to increment the pre-pre- authorized amount if the amount is insufficient for the final purchase, or, they may request to extend the same authorization amount if the final purchase date will be in the future. These events may result in a hold for that amount of funds for up to another thirty (30) days from the adjustment date. We will not be responsible for any transactions not completed because of the hold. If the preauthorization request varies from the amount of the actual transaction, we will debit the actual transaction amount from your Deposit Account, even if this results in a negative balance in your Deposit Account.