It can be challenging understanding the differences between charges and temporary authorizations, especially when looking at your bank statement.
Here’s some information on how payment authorizations work, when you can expect them to release from your bank account, and more.
What's a temporary authorization?
Temporary authorizations are used to confirm that your payment method works and has enough funds to cover ride costs. Authorizations appear as 'pending' transactions in your bank account, but they aren't charges.
You may see a pending transaction on your payment method when you:
The authorization amount depends on the ride cost, region, and ride mode selected.
Once your payment method is successfully charged, Lyft immediately releases the authorization. However, it may take 5–7 business days for your bank to release authorizations on your account.
If the authorization causes your account to overdraft, you’ll need to contact your bank or financial institution for next steps.
Authorizations vs charges
We've made it easier to identify Lyft ride charges when checking your bank statement. Now, ride charge transactions will include the number of rides taken and the date the charge was issued.
Once all ride charges are combined for the day, your final charge will look like this: Lyft *3 rides 3/16 lyft.com/charges
Any extra pending transaction on your bank statement is likely a temporary authorization. You may see several temporary authorizations on your bank statement if you request more than one ride.
Once your bank releases the authorization (5–7 business days), only the final ride charge from Lyft will remain on your account.
You can see a full breakdown of all final ride charges in the ‘Ride history’ tab in the Lyft app.