Balance

Difference between Available Balance and Posted Balance

Difference between Available Balance and Posted Balance

Available balance: Your funds available for immediate use. ... Posted balance: The amount of money that is actually in your account. It'll always be equal to or higher than your Available Balance because it includes the sum of some pending transactions (such as pending debit card purchases).

  1. What is posted balance vs available balance?
  2. Why is my account balance and available balance different?
  3. Can I spend my available balance?
  4. Can I use my available balance if I still have money pending?
  5. What is daily posted balance?
  6. What is a posted deposit?
  7. What is actual and available balance?
  8. Why is my available balance negative?
  9. Why is my available balance 0?
  10. Can someone check my bank account balance?
  11. Why is my available balance lower than my current balance?

What is posted balance vs available balance?

The amount of money in your checking account — the money available at the start of the business day, which does not include any pending withdrawals or deposits — is typically called a current posted balance. The cash available for immediate withdrawal from your checking account is typically called an available balance.

Why is my account balance and available balance different?

The current balance on your bank account is the total amount of money in the account. ... Your available balance is your current balance minus any holds or debits that haven't yet been posted to the account. If you have no holds or pending transactions, the two balances are likely the same.

Can I spend my available balance?

Your available balance is the amount you can spend right now. ... Sometimes you'll see an available balance that's lower than your current balance. In those cases, you can only spend your available balance (or less if you have outstanding checks), and the rest of the money is being held by your financial institution.

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

Customers can use the available balance in any way they choose, as long as they don't exceed the limit. They should also take into consideration any pending transactions that haven't been added or deducted from the balance.

What is daily posted balance?

Your posted balance is the actual amount of money posted in your account as of the previous banking day. Your available balance is the amount of money you have to draw upon, which can change throughout the day with any bank activity such as deposits, withdrawals or debit transactions.

What is a posted deposit?

Posting means that the debit – or credit – is applied to your account balance, and the transaction is completed. Each bank sets its own rules for how this is done; deposits may be processed before debit-card charges, for example, or vice versa.

What is actual and 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.

Why is my available balance negative?

You'll have a negative balance if your credit card issuer owes you money. It will be noted with a minus sign in front of the number listed for your current balance. You could see a negative balance if you accidentally overpaid your bill. You could also see one if you got a refund for a returned purchase.

Why is my available balance 0?

Only you have been temporarily stopped from withdrawing the amount from your account. When the account is in hold, despite your account having the balance in the account, it shows '0' (zero) balance if the holding amount is more than the balance in your account.

Can someone check my bank account balance?

While many banks no longer allow for this, some banks will still provide general amount account balance amount information to people that simply call and request it. For example, if someone knows your checking account information, they can call the bank to verify funds on a check -- even if no check actually exists.

Why is my available balance lower than my current balance?

Typically, your Available Balance is less than your Actual Balance because your Available Balance reflects purchases you have made that have been authorized, but have not cleared your account.

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