What is the difference between an immediate debit and a deferred debit card?
Immediate debit: payments are taken directly from your current account as soon as they are made.
Deferred debit: payments are grouped together over the month and debited in one go, on a fixed date, usually at the beginning of the following month.
How does Finary display deferred debit card transactions?
Deferred debit cards work differently from one bank to another. Finary reflects the information exactly as it appears on your bank statement.
Typical deferred debit case:
During the month: payments appear as expenses on the Card account.
Beginning of the following month:
A single transaction appears as an expense on the current account.
That same transaction appears as income on the Card account, bringing its balance back to zero.
💡 Good to know: some banks group all the transactions of the month into a single line. In that case, that is also what you will see in Finary.
Why do some transactions disappear or get recategorised?
After the monthly debit:
Transactions may be re-imported or reorganised.
This can lead to the loss of categorisations or of reconciliation marks previously applied.
This is due to the way your bank presents deferred debits.
What about immediate debit cards?
No surprises there: each transaction is deducted directly from the current account. You see them appear as immediate expenses, with no grouping.