"Pending" is the default status of a bank account that has not gone through verification. Our Compliance team reviews new bank accounts daily. However, we might miss some as we check in order of date of creation (of bank accounts) and not all users fund or withdraw immediately after having their bank account approved. If you wish to have it approved quickly in order to fund, let us know at email@example.com.
You can initiate deposits and withdrawals with a "pending" bank account.