In plain English
This is money that is in an in-between state in the account. A payment or other transaction has already started, but the processing is not finished yet. Until that processing is complete, the money is not part of the amount you can use or withdraw.
In context
Here, "pending balance" identifies money from initiated payments or other transactions that has not been fully processed and therefore is not yet shown as usable.
- Situation
- Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
- What it communicates
- Labels funds not yet shown as usable.
Meaning limits
The term by itself does not say when the money will finish processing or become available.
Examples
“After the cheque deposit, the money showed in the pending balance and not in the amount she could use yet.”
“The pending balance still includes the card refund.”