Something strange happening with banking

[belay]

My banking app shows cleared and pending transactions. There have been items in pending all day today. That never happens. AIBU to think this could be because of the instability of the stock market ?

@milveycrohn Which bank are you with please? I wish mine would show pending credits!!

Quite normal, especially with Friday and the weekend just gone. Often transactions over the weekend will be pending until during the week.

Totally normal to have pending transactions (technically called 'clearing' in banking parlance).

It's always happened like that - we just couldn't see them. But now the banks can show you the transactions that are in the pipeline, so to speak.

My apps started to show this in the last few weeks/months. It’s a recent thing bug unrelated to the stock market.

Oh no!

It's the fifth Horseman of the Apocalypse: Christ, War, Famine, Pestilence, and Pending Transactions.

Must be the virus
Craaaaazay

You need more hand sanitizer

As Ginnotgym said it's a change in the regulatory requirements. Nothing sinister

This can’t be serious - has everyone lost the plot?!?

Ask the bank.

Google bank ring fencing OP. Since last year the main banks have had to ring fence our money and separate it from their investment banking activities.

The old cheque clearing cycle could take a week. BACS transactions (bulk payment system) take 3 days to be processed eg direct debits, payroll etc.

TSB changed how they show pending transactions a few weeks ago due to some new regulations

same happened to me, someone should have paid me and it's been pending in their account all day. I know they aren't lying.

Bank money held for consumers in current and savings accounts is ring fenced, and not 'risked' on the stock exchange. Think that was a regulation brought in to avoid a repeat of 2008.

So the answer is no, the market troubles have nothing to do with it.

Op asked a question which clearly to her was sensible. Mild teasing is one thing but disbelief that someone doesn't know. Get over yourselves.

@HavenDilemma bank was santander. Banks cant process everyones payroll on the same day, so it was procesed shortly before, and i noticed it as pending. Or i think technically the on line account shows a current balance and an available balance, which included the pending payment

The banks are stockpiling transactions

My NatWest app has been doing that for ages, I love it

@HavenDilemma

Monzo bank also shows pending credits.

I forgot it was never not like this until reading this post. Explains why I used to go into unplanned overdraft and never do now. I thought I'd got smarter, nope the banking just makes better sense!

Is there a reason for utterly bitchy comments on here?

She asked a simple question. God forbid any of you lot don't know something and have to ask for advice.
Feel better now you've probably make her feel like shit?

Jesus H Christ. What a roll call of absolute b*tches.

Ignore them OP. You've had a few decent responses explaining the reason for the pending transactions and it's entirely normal. Things changed with the apps a while back.

Just ignore the trolls from hell.

All payments made from your account will be pending until they haven't cleared through the receiving businesses account.

Probably normal. If you are worried then phone the bank and speak to someone at least it would give Give peace of mind and they can clarify ‘how it all works’