There is a $1 charge on my bank statement - what's that about? Nick M July 08, 2020 21:01 Updated That $1 is a holding charge. It's just your bank talking to our bank saying 'Yup, this is a valid account.’ That $1 will drop off your statement. Articles in this section How do I change or delete my Credit Card? What forms of payment do you accept? How do I use my coupon/promo code? There is a $1 charge on my bank statement - what's that about?