When a debit card transaction is made, the amount of the transaction is placed on hold in the account until the transaction is processed. During this holding time, usually 2-4 days, the amount will show as a pending debit. Once the transaction is processed, the hold is released and the funds are withdrawn from the account. Pending transactions are transactions that are known to the bank but have not yet been fully processed (posted) for payment from the account.

However, "debit card pending correction" specifically refers to a payment reversal, which is when the funds a cardholder used in a transaction are returned to the account. It is possible that the original transaction was processed incorrectly or was fraudulent, and the bank is correcting the error by reversing the payment.