But if you deposit money prior to that happening to cover the charges it doesn’t matter because they need to verify that amount before it’s yours. However the charges to you don’t need to be verified.
It’s even worse; banks here don’t process transaction in the order they were received; the process them from biggest to smallest.
So if you have less than enough funds in your account for a pending transaction, and you then deposit enough to fulfill that large transaction, it doesn’t matter since that large transaction goes through first regardless. Even if the deposit is made before the charge. Boom, overdraft fee.
But if you deposit money prior to that happening to cover the charges it doesn’t matter because they need to verify that amount before it’s yours. However the charges to you don’t need to be verified.
It’s even worse; banks here don’t process transaction in the order they were received; the process them from biggest to smallest.
So if you have less than enough funds in your account for a pending transaction, and you then deposit enough to fulfill that large transaction, it doesn’t matter since that large transaction goes through first regardless. Even if the deposit is made before the charge. Boom, overdraft fee.