Difference Between Balance and Available Balance

Your available balance is the amount of money in your account to which you have immediate access. Your available balance will be different from your current balance if we have placed a hold on your deposit or if an authorized credit or debit card transaction has not yet cleared.

1. Why is my account balance and available balance different?
2. Can I use my current balance or available balance?
3. What is the difference between balance and available balance FNB?
4. Why is my available balance less than my current balance?
5. What is actual and available balance?
6. Why is my available balance 0?
7. How long until current balance becomes available?
8. How long until present balance becomes available?
9. Is current balance what I owe?
10. Should I pay current balance or statement 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 use my current balance or available balance?

Your available balance is the amount you can spend right now. ... Current balances include all of your money, including all available funds PLUS funds that are being held. For example, assume your available and current balance are both $50, and you swipe your debit card at a restaurant for $20.

What is the difference between balance and available balance FNB?

Q: What is the difference between Current Balance and Available Balance when viewed through Online Banking? A: Current Balance shows your balance as of the last business day. Available Balance is the difference between the Current Balance and any transactions (plus or minus) that are currently shown as pending.

Why is my available balance less 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.

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 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.

How long until current balance becomes available?

The current balance is what you have in your account all the time. This figure includes any transactions that have not cleared such as checks. Depending on both the issuing bank and the receiving bank's policies, check deposits may take anywhere from one to two days to clear.

How long until present balance becomes available?

Depending 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.

Is current balance what I owe?

The current balance on a credit card is the amount you owe on your account, minus any pending purchases or payments. All of the purchases you've made that have been processed by your credit card company since you last paid your bill are included in the current balance.

Should I pay current balance or statement balance?

While paying your statement balance by the due date is typically enough to avoid interest charges, you should consider paying your current balance in full, which could improve your credit utilization ratio.