So I ordered my iPhone 5 32GB Black - the second I ordered it, the money went out of my account. I checked again today (this was about a week ago, when the money went) and for some reason, the money's back in my account. I don't know what's happened, but my bank hasn't marked it as a transaction going out of my accont either, and my Apple account is still showing my iPhone order. HELP PLEASE!
iPhone 5
So I phoned Apple, asked them what they did. They told me they "took the money out" of my bank account to make sure I had it, then released it back to me. They won't actually take it until the item is dispatched, sorry for being snappy earlier. I just needed it expained better to me!
Thank you.
Ok, a little lesson on how credit\debit cards work. When you place an order an authorization hold is placed on your account. If you look, you will see that your actual balance is the same, only your available balance has been reduced. The amount of time this hold remains is determined by the bank. You can call them and find out what their policy is. This hold is typically removed no less than a day prior to the actual transaction taking place, when you will see that your actual balance has gone down. The reason for this hold is to keep you from spending that money before the bank actually transfers it to the merchant.
Apple does not charge your card until your item has shipped. That is actually the law in the US. What you saw was an authorization hold. If you do not believe me, call your bank.
My point is that the money had been taken out of my account a week ago, all fine and dandy, but when I looked today the money was back. What's up with that?
The money went out of my account, but now it's back in. Why is this?
