Nah, the charge with the label like “WLV ADV DEPOSIT” doesn’t have anything to do with Walmart or anything like that, though many people think that, and they have made comments about it online. The reality is somewhat different! See, this charge is actually related to a hotel reservation. And that should click your mind right away, if not, just keep on reading to find out more about it.
How Does WLV ADV DEPOSIT Look on Your Statement?
You may see it listed as WLV ADV DEPOSIT, or sometimes like:
- PRE-AUTH WLV ADV DEPOSIT
- POS PUR WLV ADV DEPOSIT
- PENDING WLV ADV DEPOSIT
The sequence of figures that goes with it may also include NV in some instances, among other things. That’s the hotel’s location or merchant info. It is common that after making a reservation or checking in at the hotel, this hold is published on your credit card, debit card, or your checking account.
What’s the Deal with the Deposit Policy?
Upon making a reservation for accommodation at the Westgate Las Vegas, it is important to be aware of the policy regarding deposits and holds on a guest’s card. An authorization hold will be placed on the card to cover the cost of the stay for the first night, in addition to taxes. In addition to the hold for the first night, the hotel places a second hold, which usually averages around $50 for each day of stay, in order to cover for any inadequacies that arise due to room service, items ordered from the mini bars, and other services incurred at the hotel. Therefore, it is wise to understand this deposit policy and, consequently, ensure that there are adequate funds in the credit card for when making a reservation at Westgate Las Vegas.
How Much Is the Hold, and How Often Does It Happen?
The WLV ADV DEPOSIT hold amount is determined by your room type and length of stay. For cheaper accommodations, the hold required is approximately $60 to $100. In the event that you are in a luxury suite, the amount may well be more than $1,000. Each time you’re making a reservation or checking in, you’ll receive a single hold reflected in your bank account.
Why Are People Confused About WLV ADV DEPOSIT?
The main reason why some people get confused when they see the term “WLV ADV DEPOSIT” on their credit card and bank statements is that they don’t understand what this deposit is. Some people think that the transaction is an error or even a fraudulent transaction, while some individuals think that “WLV” refers to the famous stores of “Walmart” or the other stores dealing with retail business shown in their statements. However, in light of the facts, this is not a complicated issue, but just the confusion arising from the use of the term “WLV ADV DEPOSIT” on those statements. It symbolizes a pre-authorization that is done by a hotel, and this means that it is a temporary hold made on your account, not charges for extra services. So when you check in at the hotel, it’s the amount of money that they are going to hold, and when you check in, the hotel will only charge you for the amount of money that you’ve really spent.
