You might notice that your recent payout is marked as "pending" within the app. This can be confusing, especially when you need to access those funds. However, the "pending" status often refers to the app's internal processing and doesn't always mean your money is inaccessible. Your "Available to Spend" balance is the key to understanding your actual spending power.
What is "Available to Spend"?
The "Available to Spend" balance reflects the real-time amount of funds you can use. Even if a payout is labeled "pending," the money is typically added to your "Available to Spend" balance immediately.
What Can You Do with Your "Available to Spend" Balance?
Your "Available to Spend" balance allows you to perform a variety of transactions, even when payouts are pending:
Initiate Free ACH Transfers: You can transfer funds to your linked bank account via ACH without incurring fees.
Spend with Your Card: Use your physical or virtual card for everyday purchases, both in-store and online.
Make Online Purchases: Shop online with the same ease as using a traditional debit or credit card.
Utilize Tap-to-Pay: Add your card to your phone's digital wallet (like Apple Pay or Google Pay) for convenient tap-to-pay transactions.
Withdraw Cash from ATMs: You can withdraw cash from ATMs, up to a daily limit of $1,000.
Why is My Tip Payout "Pending"?
The "pending" status for tip payouts usually indicates that the app is still processing the transaction internally. This is a common practice for security and verification purposes. However, this internal processing does not typically restrict your access to the funds already reflected in your "Available to Spend" balance.
Key Takeaways:
Always refer to your "Available to Spend" balance for the most accurate representation of your usable funds.
A "pending" payout does not necessarily mean your money is unavailable for spending.
You can use your "Available to Spend" balance for a wide range of transactions, including transfers, card purchases, and ATM withdrawals.
Still have questions? Contact your HausMoney Card customer support at support@upwardli.zendesk.com or 1 (888) 789-1482