What is Bank Transaction Posting?
Bank Transaction Posting is the process of recording the credit and payment transactions received for your account. This is not like temporary holds that can be placed on your account for certain pending transactions that have not yet been submitted for actual payment. For example, a transaction may be made to your account, a hold or temporary credit on your account is placed in the case of a deposit. As a result, you may see a temporary hold or credit on your account that has not yet been posted. These pending debits and credits might be posted to your account on that business day for real, or in future, depending on the nature of the transaction.
What is important to know about posting order?
The order in which transactions are posted and paid from your account is important if there is not enough money in your account to pay all of the transactions that are received for payment. The order can affect the number of transactions that overdraw your account or that are returned unpaid, as well as the amount of fees you may have to pay.
How are transactions posted to your account?
Transactions can be posted to your account in two different ways: in “real time” or in “batch” at the end of the day.
Posting in Real Time
Certain transactions are posted to your account in real time, during the business day as they are made. These include:
Posting in Batch
Other transactions can be posted to your account in a batch process at the end of each business day. The order used for posting these transactions in batch each night is described below.