Car hire security deposits – how do they work?
Can security deposits be taken on a debit card?
One of the common queries we receive at Clarify Car Hire is about security deposits. With many car hire companies now accepting debit cards as well as credit cards, the way in which security deposits are handled can differ depending on the payment card you are using.
What is a security deposit?
Security deposits are taken by the car rental company to ensure that, should you damage the rental vehicle or incur fines or fees, you will have the funds available to be able to pay.
Even though the rental company do not always pre-authorise the whole excess amount you do remain liable for it in the event of damage or theft.
Many car hire companies will only allow you to rent with a credit card and one of the reasons for this is the need to be able to pre-authorise the security deposit.When a customer uses a credit card, the rental company are able to place a pre-authorisation on the card for the security deposit amount.
What is a pre-authorisation?
This is an amount of money that has been ‘set-aside’ on the cardholder’s account to pay for any bills or fees incurred with the car hire company. The funds are not debited from your account but you will not be able to spend them until the hold has been taken off.
A pre-authorisation does not show up as a transaction on your credit card statement. You will just see a lower amount of funds available to spend.
When the pre-authorisation is released at the end of the hire, the available funds will go back up. You will not see a refund on your account as the money was never actually taken.
Can a pre-authorisation be taken on a debit card?
If you have arranged car hire with a company that accepts debit cards, you may still need to leave a security deposit when you get to the desk to collect your car.
Rental companies can often put a pre-authorisation on a debit card in the same way as a credit card. In those cases where they cannot, the security deposit will actually be debited from the account and will show as a transaction on your account.
At the end of your hire, any funds that are owed back to you will be processed by the rental company. Due to banking processes these refunds can take up to 30 days to appear in your account.
Can I book a car hire without having to leave a security deposit?
If you would prefer not to leave a larger security deposit on your credit card or have them debited from your bank account then there may be lower security deposit options at your pick up location. Use our security deposit filter and see what is available for your dates.
What will I have to pay when I get to the car hire desk?
When you book through Clarify Car Hire, we take a small portion of your rental cost to reserve your vehicle. You will then need to pay for the balance of your rental when you get to the car hire desk. You will need to leave any security deposit on your payment and the fuel deposit if required.
Fuel deposits are taken in the same way as the security deposit. Not all hires require them but, if there is one for your rental, it will be listed with the excess and security deposit amounts on your Clarify Car Hire voucher.
You may choose to add extras such as child car seats when you get to the desk and these would also need to be paid for along with any fees such as for an additional driver who is under 25 who may be required to pay young driver fees.
Recent Blogs
Car hire security deposits – how do they work?
How to hire a car with a low security deposit
Unforgettable Journeys Start with Car Rental in South Africa
Hiring a Car in South Africa - Where to Go and What to Consider
Why You Might Want to Hire an Automatic Car — It’s Easy to Book with Clarify Car Hire!
Rent an automatic car for your next holiday and take the stress out of your journey
New Zealand Car Hire - Turn your Journey into an Adventure
Debit card car hire and low deposit options are available with Clarify Car Hire
Get Your Family Together for the Festive Season with Car Rental
Hiring at Car at Christmas – Let’s Get it Booked!
How Can I Hire A Car With No Deposit?
I don’t want to leave a deposit at the car rental desk. How do I arrange this?
We Lead The Way With Winter Tyre Car Hire!
Be prepared for the ski season with guaranteed winter tyres
How Can I Be Sure My Car Hire Is Debit Card Friendly?
Will the car hire company ask for a credit card when I get to the desk?
Does It Matter when I Book My Car Hire?
Why opting for a last minute car hire booking can be a risk
Get Ahead Of The Car Hire Crowds And Choose Morocco For Your Next Holiday
The 2030 football world cup is sending Morocco's tourism industry soaring













