As explained in this article, a pre-authorization is an amount of money temporarily held by the bank on behalf of a merchant.
This ensures that the customer has the necessary funds (or authorized overdraft) to complete a purchase.
📱 Display of pre-authorized transactions
The way these transactions are shown may vary depending on the bank 👇
Some banks display a debit followed by a credit of the same amount.
Others show the debit and then remove the transaction line once the funds are returned.
It’s also possible to see a debit followed by a credit of the difference between the pre-authorized amount and the actual charging cost.
⚠️ Pre-authorizations made with Revolut cards may take longer to be refunded by Revolut.
❓ Why do several pre-authorizations appear on my bank statement?
A pre-authorization is created for each charging attempt.
So if multiple attempts are made, each will generate a separate pre-authorization.
Eventually, a final debit will be made for the actual charging amount.
⏳ How long does it take to release the funds?
From our side, funds are released within 24 hours max.
After that, the timing depends on your bank – we cannot speed up this process.
💡 On average, the funds reappear within 5 to 7 business days.
For any further information, feel free to reach out via live chat or by email at help@go-electra.com ⚡️