Bank Transactions showing Cleared

I went to Form Defaults and changed Status to Pending on Spend and Receive money. When I created a new bank Transaction is shows as cleared. What am I going wrong.

Are you sure you clicked Update after changing the default? If so, make sure your software is up to date. This function works correctly on version 18.1.84. I suspect it has worked correctly since introduced, but am not certain, because I only tested it now.

Thanks that worked.