I was just using my checking account to debit a payment to my insurance bill. On my insurance company website, it says the amount has been processed on the 27th, but it still hasn't shown up in my checking account balance as of today. I am eager to close my account, but I am afraid if I do that now, the bank may charge me later when the insurance company tries to get the money from the bank. How can it be paid but the amount has not been taken away from my account? Should I keep waiting before I close my account?
This may be a wild and crazy thought, but why not call your bank and ask? They can tell ya better than we can when it will process or whether they've received the request or not.
I did go to the bank. He seemed to know just as much as I do. He didn't see any hold on my account, and the amount has not been debit yet. He told me to just wait. I just thought it is weird how the other company seemed to have received the payment while the money is still in my account.
