A transaction is considered an uncleared transaction when the amount is not available for use. The transaction is reflected in the 'Available Balance' section of an account. The total value of uncleared transactions can be made up of:
1. Pending debits such as VISA/Paywave, where the debit has occurred, but the funds haven’t been debited from the account
2. Pending credits such as Visa refunds
3. Cheque deposits that haven’t been cleared
4. Holds placed on funds by People’s Choice for a specific reason, such as suspected fraud, a foreign cheque deposit or an amount reserved for a significant purchase, e.g. a home
Please note: Uncleared credits will not update the Available or Current Balance.
The clearing of an uncleared transaction will vary depending on the type: