Rejected petition End Authorisations Pending At UK Banks

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Authorisation pendings are the standard method of claiming money when people pay using credit or debit card. The money is put on hold by the bank for up to five days and then is deducted from your balance.

However this current system can have dire consequences for families on low incomes. If a supermarket make an error and have to cancel a transaction it can leave a person without access to those funds for up to 5 days. When this money is benefit money intended to feed an entire family this can leave families stranded without food and without cash.

Authorisations pending are no longer necessary in modern banking and there is no reason money cannot be refunded immediately.

We the people call on the government to end authorisation pending and force banks to return funds to a persons account within 2 hours.

This petition was rejected

Why was this petition rejected?

It’s about something that the UK Government or Parliament is not directly responsible for.

We only reject petitions that don’t meet the petition standards.

Date submitted 26 May 2014
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