dunrobin46
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If you have a balance of £100 but an available balance of £80 it means £20 has not yet been debited. |
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K.C.
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OK
Your balance is how much money you have in your account
Ex You deposit $300 and your checking balance is now $300
Your available balance is how much money you have available right now minus purchases, payments, etc, and any holds
EX You deposit $300 and out of the $300 only $100 is available for you to use right now because the bank has a hold on the remaining $200 (typically banks only make the first $100 of any deposit available immediately and the remaining the following business day) so...
... while you have $100 available to use your balance is $300...also your available balance consists of pending transactions
Ex If you go to the store and buy something for $10 this transaction would be deducted from your available balance of $100 and now your available balance is $90... |
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Capt Jack
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"so my availble balance is what i physically have yes"
No that's your balance.
The idea of the available balance is that you don't spend money you will need tomorrow to pay those debit card transactions you made today. The bank has sort of earmarked that money so you can't spend it and accidentally put yourself in overdraft.
I'd like it if my available balence reflected all my regular comminments, ie direct debits and standing orders. |
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buckeyes#1
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The balance in your account is the amount you have regardless of the purchases/transactions pending or that are due to come out. Available balance is what you have available to you less any transactions done with a debit card. Any outstanding checks or electronic withdrawals that may come out at a later date are not reflected in the available balance so do not forget to subtract those if you plan to use the money in your available balance. |
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l h
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The available balance includes card transactions, cheques etc that haven't cleared yet, but are pending. To answer your additional details, it only includes transactions that the bank is aware of - so if the person you've written a cheque to hasn't cashed it yet, it won't be included. |
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CupCake
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The Available Balance for Personal Accounts is the amount of funds available for immediate withdrawal or use. It is the Current Balance, less any withdrawals, plus cash or electronic deposits that are part of the day’s activity. Please note that the Available Balance does not reflect outstanding checks or debit items that have not been presented for payment. A penalty may be charged to your account if you draw against unavailable funds. |
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cathysue785
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(Ledger) Balance = Items that have cleared the bank (what the bank says you actually have)
Available Balance= Items pending yet to be cleared (debit card transactions, some deposits)
As a side note, if your ledger balance is negative that is when you'll be charged overdraft fees, if your available balance is negative but your ledger is positive you won't be charged fees. |
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Tilly
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It would include any cheques or payments you have put in but that have not cleard yet and possibly some transactions that have gone through but not yet cleared. Generally your balance will be lower though because available balance includes any agreed overdraft facilities you have :-) hope that helps.
Available balance is how much money you have left (so if you went to a cash point that how much they'd let you take out) |
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Link
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balance=money you have...available balance=money you have + overdraft etc. |
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payme1397
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The available balance is what you have access to if you decided to clear out your bank account. Your balance includes anything that is still pending or clearing. |
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Sparklepop
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The 'available balance' does mean what you literally have left once any debit card transactions and cheques etc have gone through. So if you went to Topshop today and paid on your debit card, it should take that into account, for example.
The best way to not get confused is to keep track of your money and if you can, do online banking (if you don't already). Make sure you know how much available balance you have and keep all your receipts so that you can work things out and not get any nasty surprises.
xx Emmie |
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GeeCee
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Might be your overdraft? |
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