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Payments being returned to my account

  • 11-11-2011 05:57PM
    #1
    [Deleted User]
    Posts: 8,317 ✭✭✭


    I have a Visa debit with Ulster Bank. Occasionally when I buy items online the money gets returned to my account for a time. What I mean is I buy something, the money is taken out and then a day or two later it returns temporarily. I was wondering what would happen if I withdrew the money from the account before it gets taken out again? I'm just curious why this happens.

    Anybody have any idea what I'm on about? :D


Comments

  • #2
    jor el
    Closed Accounts Posts: 16,713 ✭✭✭✭jor el


    Moved to Banking.


  • #3
    unclebill98
    Registered Users, Registered Users 2 Posts: 3,813 ✭✭✭unclebill98


    Never seen this before. Contact your branch for an explanation.


  • #4
    galwayjohn89
    Closed Accounts Posts: 1,930 ✭✭✭galwayjohn89


    AFAIK the company authorizes the payment to check the card is valid and funds available but don't take the money. So it is returned to your card. Then they charge the card on dispatch. Happened to me a few times.


  • #5
    Random
    Closed Accounts Posts: 19,080 ✭✭✭✭Random


    ive noticed this too with my ub visa debit. its a pain in the hole and makes it difficult to work out where you stand financially sometimes.

    ive taken the money out a few times and my account ends up overdrawn. then i get charged unauth od fees.

    i keep meaning to call them about it but just never get around it to.


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