Glossary

Transaction Date

What is a transaction date?

A Transaction Date is a term used to define a particular day or time of the week when the transfer was done (successful or not). The word collocation is very important for sorting out the transactions by date. Customers can search for the date and as a result, get all the needed data about a particular transaction.

If the client doesn’t possess the transaction ID, he/she can track the order or a transfer with the help of the date. Moreover, this date appears in the account’s history to secure the deal and financial instruments as well.

The client or a bank worker can’t edit the date of the deal because it is synchronized with the cash outflow or inflow. So the date is actually a report about money flow.

Also, it is necessary to remember that the transaction date does not always equal the settlement date. So, the transaction date might be 12.04.2019 while the settlement itself might be on 13.04.2019.

If we talk about the transaction date in banking it might refer to the next examples:

  • Withdraw via the ATM,
  • Withdraw from the debit cards,
  • Withdraw via paper checks, and so on.

Examples:

Your purchase on Monday was successful what can be proved by the transaction date.

Access the account and examine the date of that bargain so that to find out the accurate amount you have spent for that stuff.

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