Quick Answer: Why Available Balance Is Different From Bank Balance?

What does Available Balance mean in checking account?

The available balance is the balance in checking or on-demand accounts that is free for use by the customer or account holder.

These are funds that are available for immediate use, and includes deposits, withdrawals, transfers, and any other activity that has already cleared to or from the account..

Why is my available balance different from my current balance?

The available balance for your account may differ from the current balance because of pending transactions that have been presented against the account, but have not yet been processed. … The available balance also includes credit available if you have a line of credit linked to your checking account.

How long until current balance becomes available?

two daysDepending on the amount of the check, you may have access to the full amount in two days. Some banks make a portion of the check available immediately or within one business day.

How do I check my bank balance?

To get a mini account balance, you can dial toll-free number. Following services can be availed through it. You can check the balance enquiry on a toll-free number 18008431122 or give a missed call to it. You can check the mini statement of last 5 transactions using this toll-free number 18008431133.

Why is my available balance 0?

If you swipe your card for more than what is in your account, the available balance will be $0 (which actually means less than 0). … The “bank” hasn’t validated the charge yet, so your account shows a balance of $50 still, but the bank has reason to believe that you have spent $48.25 of that.

Can I use my available balance if I still have money pending?

Every deposit must be verified and authorized before it becomes available for use. Therefore, when a deposit is pending, you cannot use any of the money. Only when a pending deposit is approved and added to your ‘available balance’ does it become accessible.

Can I spend my available balance?

Available Funds Your available balance is the amount you can spend right now. You can think of it as “funds available to withdraw,” but there are several ways to actually use the money. … Spend with your debit card: Your debit card pulls from your checking account, so you can only use it if you have funds available.

What is actual balance vs available balance?

“Actual” Balance – The amount of money that is in your account at any given time. It reflects transactions that have posted to (cleared) your account, but not items that are outstanding. “Available” Balance – The amount of money in your account that is available for you to use.

Can current balance be withdrawn?

|||You can only withdraw the “available balance.” The current balance is the money you have in your account, however, all that money may not be verified yet. … Depending on your bank and account, you won’t be able to immediately withdraw the entire amount or even a portion of it.