Definition

The amount of money that has been paid towards your bill. It is listed on your statement to show payments made.

What to consider

  • Allow time for processing.
  • Monitor your account until the status changes.
  • Contact your provider if pending status lasts too long.

Real world scenarios

  • After making an online payment, Alex noticed the status was marked as payment pending until processed by the bank.
  • Linda’s portal showed a pending payment status for a recent wire transfer.
  • John saw that his check deposit was still pending until cleared by his bank.

Related terms

Healthcare