What is the End of Day Balance Adjustment?

What is the End of Day Balance Adjustment?

The End of Day Balance Adjustment is an amount either deducted from or added to the balance of your Virtual Prepaid Mastercard (which stores the funds accessed by your K Wearables payment devices) to cover scenarios such as offline transactions (for example, a journey made on the TfL network) which are not always deducted from your balance in real-time, and are therefore reconciled at the end of the day. This can also apply when a foreign exchange transaction is authorised, as it is deducted from your virtual Mastercard using the exchange rate at that moment (which may be different at the time of settlement) so is therefore reconciled via an End of Day Balance Adjustment.

    • Related Articles

    • Can I use my K Ring abroad?

      Yes: anywhere in the world that accepts Mastercard® contactless payments – currently over 40 million locations worldwide. You may be required to enter your PIN for certain transactions abroad, so please request your PIN before you travel. If your K ...

    • Is there a transaction limit with my K Ring?

      The transaction limit for a single contactless payment in the UK is currently £45, with a maximum allowed single transaction of (the equivalent of) £100 outside the UK. If your K Ring is linked to our Virtual Prepaid Mastercard® account, you can make ...

    • Can I change the SMS alerts you send to my mobile?

      You will be sent an SMS alert to the mobile registered to your account, alerting you to the balance on your virtual Mastercard, when funds are loaded manually, or via Auto Top-up (if enabled) to your virtual Mastercard. By default these are switched ...

    • Which type of account do I have?

      There are currently two types of Virtual Prepaid Mastercard account, Lite and Standard, which have different limits and fees. To see which account you have, first log in then select Account from the main menu. At the top of the screen, click the ...

    • How secure is my K Ring?

      As K Ring uses the same technology as a contactless debit card, transactions made with your ring are just as secure as those made with a traditional contactless card. Furthermore, to make a payment with K Ring, it must be within very close proximity ...