Start spending in-store and online right away
Most pending transactions clear within a few hours to a few business days.
If it stays pending, it is usually just a temporary hold that should drop off automatically.
Make Spending Easier With KOHO Essential
With KOHO Essential:
- It has a low monthly plan fee that can be waived when you set up direct deposit or add +$1,000.
- Use a prepaid Mastercard® for groceries, bills, subscriptions, and travel.
- Grow your savings with a 2% interest savings rate on your entire balance.
- Earn 1% cash back on groceries, eating & drinking, and transportation.
- You can subscribe to Credit Building for $10/month, it's an affordable way to build your credit history.
- Enjoy unlimited transactions and free e-transfers (never worry about fees when sending money to someone again).
What “Pending” Actually Means
“Pending” usually means the merchant has authorized the payment and put a temporary hold on your funds, but they have not fully completed (settled) the charge yet.
Why Some Pending Transactions Take Longer
A pending transaction can take longer when:
- The merchant processes payments in batches (often end of day).
- It is a hotel, car rental, or deposit type transaction (holds are commonly longer).
- Weekends and holidays slow down processing.
Some banks also note pending transactions can remain visible for several days.
What You Should Do If It’s Still Pending
- Wait it out first (most clear on their own).
- If it looks wrong, contact the merchant and ask if they completed or cancelled it.
Note: KOHO product information and/or features may have been updated since this blog post was published. Please refer to our KOHO Plans page for our most up to date account information!