Payment by debit card 7 months ago!

jimbaygrant

Hi all,

Is there a time limit for a business to put through a transaction after I paid for it by debit card? Back in August 2009 I bought 2 rounds of drinks in a bar in Edinburgh and paid by card and then completely forgot I had done so. From looking back now it appears these never came out of my account at the time. I checked my banks account today 24 March 2010 and they have only now come out and managed to put me in to an unauthorised ovrdraft. I know it was in august as the bar only opens for the festival and it was the last time I was in there as I live in London. Is such a delay in processing a transaction allowed? I'm likely to also be charged for the overdraft, let's hope the bank understands and waives that.

Thanks in advance,
Jamie

DCFC79

From reading the forums i have read that there isnt a time limit for firms to take payment

mjm3346

Still a valid transaction

http://forums.moneysavingexpert.com/showthread.html?t=1250783

Olipro

After authorisation of a card is obtained, banks will generally allow merchants to post it whenever they want so long as the initial authorisation was valid, generally businesses with book errors end up doing this; sounds like you were one of them.

the best you can hope for is to get the overdraft charges reversed.

bengal-stripe

jimbaygrant wrote: »

.........then completely forgot I had done so.

They forgot, you forgot.......that makes you even, doesn't it?