The transactions related to payments as well as Credit, that are being operated via your account, will be recorded with precision by pursuing a sound methodology called ”BANK TRANSACTION POSTING”.

This process will not be having the inclusion of impermanent holds that are required to be situated in the records of your account for some transactions that are either in a pending condition or are unsettled and actual or genuine payment has not been made for such transactions as yet.

For instance, either a transient credit or a hold is asserted on your account when there is an existence of a deposit and a transaction is being conducted through your account.

In all such cases, you will be witnessing an ephemeral Credit or a transient Hold in your account records that have not been affixed by now. These kinds of unconcluded or pending amounts of CREDITS and DEBITS will be probably displayed and registered on the actual day of the business deal or might be shown in account records in future times. All possibilities of the posting of such pending amounts will be dependent upon the kind and type of the transaction that has been made.

THE PIVOTAL ELEMENTS THAT ARE TO BE CONSIDERED INEVITABLY WHILST POSTING AN ORDER:

The significance of the order that is to be pursued for posting and paying the transactions via your account is indubitable in all such instances when the monies are insufficient in your account for conducting the payments of all the transactions that are being received.

The adopted order will produce an impact on innumerable transactions such as those that have either been remained unpaid or the transactions that will draw money from your account in excess of what the account holds (the process called “Overdrawing an account”). The order will also influence the fee amounts that are required to be paid by the company owners.

THE METHODOLOGY FOR THE POSTING OF TRANSACTIONS ON YOUR ACCOUNT RECORDS:

After an entire day, the transactions will be posted and displayed on the records of your account by utilizing ways that can be bifurcated into the following types;

1. Transactions being posted in REAL-TIME.
2. Transactions being posted in BATCH.

THE MECHANISM OF POSTING A TRANSACTION IN “REAL TIME”:

The transactions that are operated on a certain business day and subsequently these are being posted on the records of your account on the same day. The posting method of all such transactions is termed as “Posting in Real-Time”. The transactions include;

• The execution of transfers among amounts that an account holds, monies allocated for the payments that are to be made and all kinds of loan amounts via either “Service Representatives related to TELEPHONE BANKING” or “ONLINE BANKING MECHANISM”.
• Transactions that are being categorized as “REVERSAL”, examples can include Some sort of Reversals of a preceding DEBIT or CREDIT that is shown on the records of your account.

 THE MECHANISM OF POSTING A TRANSACTION IN “BATCH”:

Upon the conclusion of every Business Day, certain other types of transactions will be posted on the records of your account by utilizing a posting method which is called “Posting in Batch”.

The description of the order in which such kind of transactions are being shown and posted on the records of your account in a “Batch Process” at the arrival of every single night of the working day, is as follows;

1. The initiation of the “BATCH POSTING” of certain transactions on your account records, covers the posting of Credit types (from which the interests are being excluded as these interests will be credited upon the completion of the Batch).

The ADJUSTMENTS and the REVERSALS are also posted via BATCH POSTING Process, for the transactions that have been made during the previous Business Days and have not displayed in your account records in REAL-TIME.

2. Moreover, the DEBIT articles that are being received for payment via your account, will be posted on a provided and stated Business Day.

All such debit items will be displayed on your account records in a particular order within certain categories and groups.  The “Eccentric Systemic Methods” will be applied depending upon the nature and kind of the Debit article.