How to handle bank reconciliations and frozen transactions?

🤖 Explain with AI

Sometimes a bank may block or freeze a transaction due to internal security laws or suspicion, even if no formal dispute is filed.

  • Why it happens: This is an extraordinary response from the bank, not an error by 4Geeks.
  • Resolution: The cardholder (your customer) must contact their bank to request the release of funds.
  • Timeline: Depending on the bank, this can take 7 days to 1 month. Some banks release frozen amounts automatically once a month.