If a debit card transaction is PENDING, does that mean the charge will definitely go through?
(This is regarding a Chase debit card in NY state—it’s the Visa-logo ATM card that deducts from my checking account.)
I made a transaction using my debit card that, according to the recipient, went through successfully. (I got the usual “thank you for your payment” email—the recipient is a large company I have successfully paid several times in the past with this card.) However, when I log into my Chase account, the transaction displays as “PENDING” POS DEBIT. I did not have enough funds in my Chase checking account to cover this transaction (and I don’t have any other funds with Chase—no credit card, no overdraft protection).
My account currently displays a negative “available balance” that correctly reflects the transaction in question being missing from my balance.
If you know—
please help me know which of these will happen:
1) the pending transaction goes through, and Chase charges me an insufficient funds fee;
2) the pending transaction does not go through (the recipient is told it was declined) and Chase also charges me an insufficient funds fee;
3) the pending transaction does not go through (the recipient is told it was declined) but Chase does not charge me an insufficient funds fee.
Thank you for your help.
This question is in the General Section. Responses must be helpful and on-topic.