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Esteemed Contributor
Posts: 5,660
Registered: ‎03-09-2010

Crediting back money from a debit card purchase

Why can they debit your account immediately but then not be able to credit your account back for 3-5 business days when you return something? Is the merchant playing the float or is it the bank itself who is holding your refund?
Super Contributor
Posts: 408
Registered: ‎10-08-2014

Re: Crediting back money from a debit card purchase

It depends on the BANK. I work at Marshalls. We give cash back on a debit, because some banks hold it. Causes problems on a daily basis.
Respected Contributor
Posts: 4,148
Registered: ‎03-09-2010

Re: Crediting back money from a debit card purchase

I have never had a problem getting it credited back to my account the same day. I've heard merchants tell me that but I've never experienced it.

Respected Contributor
Posts: 2,430
Registered: ‎03-11-2010

Re: Crediting back money from a debit card purchase

jcp also gives back cash on a debit card for the same reasons. can take up to 10 days to get the credit back.

Respected Contributor
Posts: 2,932
Registered: ‎06-06-2012

Re: Crediting back money from a debit card purchase

I get my credits back on my debit card within 1 to 2 days.

Honored Contributor
Posts: 33,580
Registered: ‎03-10-2010

Re: Crediting back money from a debit card purchase

I always get a credit back on my debit card within a day, possibly 2 if it's the weekend.

It also generally takes a day for the money to come out of my account.

However, I always use my debit as a credit card. I don't use it as a debit by entering my PIN.