M&T Bank : Understanding how your transactions are processed
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Account Basics: Understanding how your transactions are processed
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To keep the most accurate record of your account balance, it is important to keep track of all the individual transactions you make. It is also important that you know how different types of transactions are posted to your account, and in what order. The following describes how transactions post to your account and gives you details on the order in which items will be posted.

Posting Order for Consumer Checking, Savings and Money Market Accounts (other than Time Deposit, Passbook and Club Accounts):

What is Posting?
Posting is the process of recording against your account transactions received for credit to or payment from your account. This is different from temporary holds that may be placed on your account for certain pending transactions that have not yet been submitted for actual payment. For example, as soon as we are made aware that a transaction may be made to your account, we may place a hold on your account or place a temporary credit on your account in the case of a deposit. As a result, you may see a temporary hold or credit on your account that has not yet been posted. These pending debits and credits may be actually posted to your account on that business day or on a future date depending on the nature of the transaction.

What do I need to know about posting order?
The order in which transactions are posted and paid from your account is important if there is not enough money in your account to pay all of the transactions that are received for payment. The order can affect the number of transactions that overdraw your account or that are returned unpaid and the amount of fees you may have to pay. To help you manage your account, we are providing you with information describing how we process transactions in your account.

How do transactions post to my account?
Transactions can be posted to your account in two different ways - in "real time" or in "batch" at the end of the day.

  •  Posting in Real-Time - Transactions such as transfers between accounts at M&T and payments to M&T loans made through M&T Web Banking or through one of our Telephone Banking Service Representatives, and certain reversal transactions (e.g., certain reversals of a prior credit or debit posted to your account) are posted to your account in real time during the business day as they are made.
  • Posting in Batch at the End of the Business Day - Other transactions are posted to your account in a batch process at the end of each business day. The order we use for posting these transactions in batch each night is described below.

In what order do my transactions post in batch?
We begin the batch posting of transactions to your account by posting credits to your account (other than interest, which is credited at the end of batch) and reversals and adjustments for transactions from prior business days that have not already posted in real time. Next, we post Debit Items received for payment from your account on a given business day. We post these Debit Items in a particular order within groups based on the type of Debit Item. Within each group, we apply a unique methodology based on the type of Debit Item. For instance, debit card transactions will post based on when our records indicate the transaction was made, but checks will post based on the check number, if available. When we do not have a record of when a transaction happened or we do not have a check serial number, we post those Debit Items by dollar amount in an ascending order (that is, lowest dollar amount items first) within the group noted for that type of Debit Item. The following chart details the types of transactions in each group and the order used for the Debit Items within each group.

Transaction Posting Order Chart

How are fees posted to my account?
Fees can post to your account in several ways. Most fees post at the end of batch processing, but some post immediately after the transaction to which they relate (e.g., fees for Bank to Bank transfers through M&T Web Banking, wire transfers, and overdraft transfers from a linked deposit account post immediately after the transaction to which the fee relates). Most fees post on the same day they are incurred, however, certain fees including NSF and Overdraft fees are posted on the business day after an NSF or an overdraft occurs on an account.

Posting Order for Consumer Time Deposit, Passbook Savings and Club Accounts:
After posting credits to your account and reversals and adjustments for transactions from prior days, we post (that is, process for payment and record against your account) Debit Items received for payment from your account on a given business day.  We post these Debit Items based on size in low to high dollar order (that is, in ascending dollar amount from the smallest to the largest). We post most fees and charges you have incurred in connection with your account on the business day they are incurred, after we have posted that day’s Debit Items.  Fees are posted in low to high dollar order.

 
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