Real Time Processing
Real-Time Debit Card Transaction Processing.
Bank of Dade is excited to announce that we will now process all debit card account transactions in real time. This notable change will result in some important new benefits to your Bank of Dade account.
With real-time processing, your account will automatically be updated whenever a transaction is processed with your Bank of Dade debit card. Whether you use your debit card every five minutes or five hours, you’ll appreciate having the most up-to-date account information available — immediately. When you make a deposit at one of our locations, you will see your deposit when you inquire online, with a mobile device, and at the ATM.
How it Works.
When you swipe your card at a business, an authorization will take place immediately. This initial authorization will appear right away on your account and be visible to you through online banking. Once the business ends their business day and sends their debit card transactions for processing, the actual transaction will post to your account. This will help you understand why a transaction could be pending for 1 day or 3 days, it’s all dependent on the business and when they send their transactions for processing.
Authorization Vs. Posted Transaction.
The initial authorization and the actual posted transaction may differ in amounts, dependent on the type of business you use your card at. The following are a few examples of when the authorization and actual transaction may be different:
Real-time processing will also help further protect your account from potential fraud. With automatic updates to your account balance, you’ll be able to view all your account transactions right away. If you notice any suspicious activity on your account, report it immediately to Bank of Dade.
Please feel free to call us at (706) 657-6842 if you have any questions regarding real-time processing. We appreciate your business and look forward to providing continued service enhancements as we help you with all your financial needs.