I’ve just noticed this problem with my Son’s account. He’s on the Autism Spectrum and is purchasing a model kit from Model-Space UK for himself which is divided into 24 interest free payments to make it more affordable.
When he was recently billed for the month his bank account said $xx.xx AUD was pending and we simply assumed that that’s what the final charge would be, plus the bank would add an International Transaction Fee after the amount was no longer pending. A few days later it’s no longer pending, but it is for a higher amount than was originally calcuated due to the differing exchange rate.
Luckily he didn’t spend the extra funds in his bank. As far as he’s concerned, what’s listed as the amount available is supposed to be what he still has to spend after leaving a bit extra in to cover the upcoming International Transaction fee which is also higher than what it would have been had the original amount been deducted instead of the revised amount.
Fair enough, the amount could have been less but for people who aren’t aware that there will most likely be a discrepancy they may end up not having the funds available by the time the revised amount is calculated. He doesn’t have a huge amount of money saved and lives from fortnight to fortnight with his Disability Support Pension. If it didn’t take so long for the banks to process everything we’d be happy just to pay the amount we’re quoted as pending regardless of if the amount goes up or down by the time it gets processed.
At least now we know we can make sure he doesn’t spend whatever’s remaining in his account while the UK transaction is still pending.