1. What will happen to debit card transaction in authorizations? Any Pending authorizations (in ‘Authorized’ status; not Declined, Canceled or Completed) will go through. New authorizations won’t go through once the account is closed and will be declined automatically.
2. What about ACH payment / payouts in transit? Outgoing ACHs that were initiated before account closure will still go through.
3. If there are card txn / direct debit / incoming ach after the account was closes, will we be notified about them? Incoming ACHs will be returned due to AccountClosed (R02), you receive webhook events for these and they should be visible in the dashboard as well. Card txns - you will see declined authorizations in the dashboard, and you receive webhook events for those as well.
Will closing an account cancel any pending payments from the account?
Anna
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