Understand Holds on Your Card

If you use a credit or debit card such as your Starion Financial Cash and Check Card, keep in mind that merchants may place a temporary hold or "block" on funds for the transaction as protection against fraud, errors or other losses.

If the final purchase price is unknown when the card is used, the temporary hold may be for more than you actually spend. One common situation involves a hotel putting a hold of perhaps as much as $250 or more for each day of an anticipated stay when you use a credit or debit card to reserve a room.

The opposite may occur at the gas pump. The station may impose a hold for only $1 to verify the card and then post the actual amount later.

The temporary hold will be removed when the final transaction is processed, nearly immediately or perhaps a day or two later, but until then, you won't have access to that amount in your credit or deposit account.

(Source: www.fdic.gov, Fall 2009)