What does "hold memo dr pending chase" mean in banking terms?

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What does "hold memo dr pending chase" mean in banking terms?

When it comes to banking terms, "hold memo dr pending chase" may refer to a pending debit or withdrawal transaction that is under review or investigation by the bank. In this context, the term "hold" indicates that the transaction is being temporarily withheld or delayed for further verification, while "dr" stands for debit, "pending" suggests that the transaction is still processing, and "chase" might imply that the bank is actively tracking or investigating the transaction.

It's essential to contact your bank directly for specific details about the status of the transaction and any necessary actions you may need to take.


Learn more:

  1. Chase Personal Checking
  2. Bank of America
  3. Banking News - CNBC
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