Refunds are generally processed and funds returned to the debit card on the customer's bank account within 10 business days. However, there are cases in which a refund takes longer to process.Know More
The amount of time it takes to process a refund depends on two factors: the agency to which the payment was made, and the bank to which the customer belongs. By the Electronic Transfer Act, banks are given 10 business days to process refunds. However, it is not always possible for a bank to meet that limit, especially in cases of fraud, in which it may take longer to gather sufficient evidence. Once a purchase is made, the money used for that purchase leaves the bank and travels to another agency. Before the bank can return the customer's money to the customer, the agency to which the purchase was made must return the customer's money to the bank.
For example, if a customer makes a purchase on Amazon then cancels his purchase and requests a refund, Amazon must first process the refund and return the money to his bank before it can be put back in his account. Although banks often front the money to customers in cases of fraud, they are not required to do so for ordinary refunds.Learn more in Personal Banking
The account number associated with a debit card is not located anywhere on the card; rather, the number located on the middle of the front side of a debit card is that card's number itself. The number on the back side of the card, typically three digits, is used to secure the instrument better and to protect against fraudulent use.Full Answer >
Time Warner Cable customers can pay their bills online with a credit card, debit card or bank account at the Time Warner Cable website. Customers can make a one-time payment at the website, or they can set up recurring payments.Full Answer >
According to Ron Lieber for The New York Times, it is possible to cancel a transaction on a debit card by contacting the card issuer. The debit card company often takes the customer's word over the merchant's and either offers a credit or issues a full refund.Full Answer >
A Bacs payment typically takes three business days to be processed. Bacs payments are used for direct debits and direct credits in the United Kingdom. They were also used for one-off phone and Internet payments until replaced by an almost-instantaneous system called Faster Payments.Full Answer >