Personal finance information about payments
How everyday payments actually move between accounts.
Debitova explains debit versus credit rails, ACH transfers and authorization holds on debit cards. Educational only. We are not a bank and do not move money.
Your yearly list
- Debit vs creditDifferent rails, different risks.
- ACHBatch transfers behind bill pay.
- HoldsTemporary reservations of funds.
- 3 payment notes
- 0 payments processed
- 0 details shared
Payment Notes
Debit cards and credit cardsBoth cards can pay a merchant, but the money movement and consumer protections differ.Payment note 1 · 6 minACH transfersACH moves money in batches between banks. It is common for paychecks, utility bills and account-to-account transfers.Payment note 2 · 7 minAuthorization holds on debit cardsHotels, gas stations and rentals often place a temporary hold larger than the final purchase. The hold reduces available funds until it clears.Payment note 3 · 5 min