> ## Documentation Index
> Fetch the complete documentation index at: https://docs.wellapp.ai/llms.txt
> Use this file to discover all available pages before exploring further.

# Banking Transaction Status

> Essential banking transaction status indicators for tracking the complete lifecycle of banking transactions

## Transaction Statuses

<table>
  <thead>
    <tr>
      <th>Status</th>
      <th>Description</th>
      <th>Lifecycle Stage</th>
      <th>Next Actions</th>
    </tr>
  </thead>

  <tbody>
    <tr>
      <td>
        <strong>pending</strong>
      </td>

      <td>Transaction initiated, awaiting processing</td>
      <td>Initial</td>
      <td>Wait for processing, system will auto-advance</td>
    </tr>

    <tr>
      <td>
        <strong>processing</strong>
      </td>

      <td>Transaction being processed by bank/system</td>
      <td>In-progress</td>
      <td>Wait for completion, monitor progress</td>
    </tr>

    <tr>
      <td>
        <strong>authorized</strong>
      </td>

      <td>Transaction authorized but not yet settled</td>
      <td>Authorization</td>
      <td>Wait for settlement, funds reserved</td>
    </tr>

    <tr>
      <td>
        <strong>completed</strong>
      </td>

      <td>Transaction successfully completed and settled</td>
      <td>Success</td>
      <td>Archive, reconcile, update records</td>
    </tr>

    <tr>
      <td>
        <strong>failed</strong>
      </td>

      <td>Transaction failed due to technical error</td>
      <td>Error</td>
      <td>Investigate, retry, contact support</td>
    </tr>

    <tr>
      <td>
        <strong>rejected</strong>
      </td>

      <td>Transaction rejected by bank or system</td>
      <td>Rejection</td>
      <td>Review rejection reason, correct and resubmit</td>
    </tr>

    <tr>
      <td>
        <strong>cancelled</strong>
      </td>

      <td>Transaction cancelled by user or system</td>
      <td>Cancellation</td>
      <td>Update records, notify parties</td>
    </tr>

    <tr>
      <td>
        <strong>reversed</strong>
      </td>

      <td>Transaction reversed or rolled back</td>
      <td>Reversal</td>
      <td>Investigate reason, update accounting</td>
    </tr>

    <tr>
      <td>
        <strong>on\_hold</strong>
      </td>

      <td>Transaction temporarily held for review</td>
      <td>Hold</td>
      <td>Wait for review, provide additional info</td>
    </tr>

    <tr>
      <td>
        <strong>expired</strong>
      </td>

      <td>Transaction expired without completion</td>
      <td>Timeout</td>
      <td>Reinitiate if needed, update records</td>
    </tr>
  </tbody>
</table>