Industry Verticals · FinTech & BankingstructuralFintechBillingB2C

Banks Hold Canceled Order Funds for Weeks After Authorization Should Drop

Bank of America retained a $100 authorization hold on a customer's available balance for weeks after the order was canceled. Banks do not automatically release holds when merchants cancel orders, leaving customers with reduced available funds for extended periods.

1mentions
1sources
4.5

Signal

Visibility

6

Leverage

Impact

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Similar Problems

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