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security deposit release time

Replies: 3 - Pages: 1 - Last Reply: Aug 4, 2017 7:02 AM by: Jacques L
Jacques L
Registered: 6/2/14
security deposit release time

How long does it usually take for the security deposit release to clear? I've had a couple people who paid with debit cards follow up about the deposit. I have SecureNet for the process.

thanks,
-JJ

Chris Hynes
Registered: 10/19/12
Re: security deposit release time

Did the security deposit release go through successfully as normal?

Usually it is the same day you release the security deposit, but the actual removal of the hold is up to the originating bank that issue the guest credit card. We've found that banks tend to be worse about releasing holds on debit cards, unfortunately.

Some times if the guest contacts their bank they'll be able to speed up the release process by noticing you've released on your end and dropping it off the account manually.

Jacques L
Registered: 6/2/14
Re: security deposit release time

In both cases I was asked, it was for a debit card, and about 24 hours after they got the 'release email' that they inquired as to why the funds were still on hold.

This is good information to have if it comes up again.

Thanks,
-JJ

Pages: 1