Availble- -34.86
account -110.39
I am in negative in both but how much do i have to pay in total? 145? dollars??|||You have to pay the $110.39 unless something else clears, and then you'll owe more.|||from the numbers you have given, you should need to deposit 110.39 into your account to have an account balance of 0.
It looks like you have an account that allows you to have an overdraft of 75 and you are now at -110 and so you are 35 beyond your overdraft amount which is why you have a negative available balance.
However - without seeing all the details there could be another explanation.
It could be that you have charged something to your account that has changed your available balance but not your account balance. For example, if you have an overdraft of 100 and a charge waiting to be deducted of 24.47 you might see the same numbers.
I suggest you check what your overdraft allowance is - you need to deposit the amount of your overdraft + 32.86 to be back to 0 account balance and your Available will then be the amount of your overdraft.|||No, the "available" is like what is current. If it wasn't negative it would be what you could spend.
the 110.39 means that something is holding money up. Either you just purchased something or an automatic payment has gone out of your account.
The total amount you are negative is 110.39 so that's what you would have to put in to make it even. I would say put in the 145 if you have it to avoid it being negative or incurring more fees.|||when your bank has this consider you committing bank fraud if its with a check of yours you wrote and signed its also conspiracy to commit a crime because it was thought out before = premeditated.
And according to your state there might be other crimes the can charge you with at the bank...then there are the places you bought things at who could add addital criminal charges and fees, as well as fees.
So you might have an Added 100.00 at the stores to repay as well.
you see one crime can actually break more than one law and you maybe charged with each crime
Thursday, December 15, 2011
Why is my 'current balance' and 'available funds' different?
I transferred money into an ANZ bank account a few days ago, and my current balance reads as it should. However, my available funds are significantly lower, and I don't know why. I did not have any payments taken out, and my transaction fees have already been taken this month.
Will it just take a day or two to process correctly? Or is there something not right?|||It takes a couple of days for everything to clear.|||Pending items
Something has taken out and hasn't yet shown up.
For instance with my account for gas my bank will show 1 dollar, but my balance is MUCH lower (like 60 dollars less) and that's because the item hasn't cleared.
You can call the bank and ask them if you have anything pending.
Or it could easily be a simple hold. Was it a large amount? It takes up to 2 days typically before you can "spend" the money, hence available.|||The bank acknowledged the transfer, but does not acknowledge that it actually has the funds yet.|||current UNCOLLECTED BALANCE
available COLLECTED BALANCE|||do not worry. money is there just need few days to clear out the money to be available in your account.|||it will take few days to clear the money. thats why the difference is showing.|||its called processing time. should be in account about 1-2 days
Will it just take a day or two to process correctly? Or is there something not right?|||It takes a couple of days for everything to clear.|||Pending items
Something has taken out and hasn't yet shown up.
For instance with my account for gas my bank will show 1 dollar, but my balance is MUCH lower (like 60 dollars less) and that's because the item hasn't cleared.
You can call the bank and ask them if you have anything pending.
Or it could easily be a simple hold. Was it a large amount? It takes up to 2 days typically before you can "spend" the money, hence available.|||The bank acknowledged the transfer, but does not acknowledge that it actually has the funds yet.|||current UNCOLLECTED BALANCE
available COLLECTED BALANCE|||do not worry. money is there just need few days to clear out the money to be available in your account.|||it will take few days to clear the money. thats why the difference is showing.|||its called processing time. should be in account about 1-2 days
How come on my online account balance it says that all my money isnt available?
its put it in 2 categories: BALANCE and AVAILABLE|||When cheques are deposited into the account the balance is immediately increased, however the money is not available for your use until the cheque is cleared. This usually takes three days. Hence the available amount remains the same as it was prior to the cheque being deposited.|||Most banks have a deposit float or hold time.
The hold times are regulated, but when the account is new, they can be longer.
Check your bank's website, and search for the key words: "deposit holds" to find out how long your money will be tied up.|||yup, they can do that, most of the time they get it right, there could be a recent pay that hasnt totally been cleared deposited, or a cheque payment not cleared, you should contact the bank if you need funds.
The hold times are regulated, but when the account is new, they can be longer.
Check your bank's website, and search for the key words: "deposit holds" to find out how long your money will be tied up.|||yup, they can do that, most of the time they get it right, there could be a recent pay that hasnt totally been cleared deposited, or a cheque payment not cleared, you should contact the bank if you need funds.
Debit card from lloyds tsb is available for balance but not for cash?
I had receive 800 pound 2 days ago, and when I go to a cash machine I am only able to check my balance but not able to withdraw any cash, may anybody please tell me?
PS: I had a old account which I am in debt, is there anything to do with it?|||Have you changed address?? I work for a bank and if we have lost contact with a customer we put a temporary stop on the card to get them to contact us and ensure all is ok. It may also be that an attempted fraud has been tried, again. Get in touch with your telephone banking centre or branch, they will sort the problem out immediately.
Cheers
PS: I had a old account which I am in debt, is there anything to do with it?|||Have you changed address?? I work for a bank and if we have lost contact with a customer we put a temporary stop on the card to get them to contact us and ensure all is ok. It may also be that an attempted fraud has been tried, again. Get in touch with your telephone banking centre or branch, they will sort the problem out immediately.
Cheers
My current balance is a negative but available is a positive?
OK I deposited $40 on a saturday. I bought a 39$ item on Sunday, and on monday, my current balance is a negative 39, but my available is a positive 1 dollar. I'm getting confused, can someone explain this to me?|||Some
Your deposit will post tonight, and all will be right with the world. ATMs are NOT realtime banking. Deposits are not necessarily posted and credited to the account at the time you do it. It is done at the time the empty the machine and process the deposit .... ie the next working day.
Just because you make a $19,000 deposit at the ATM, does not mean they will give you access to the money! I think they would like to see what you deposited first! And a deposit done on the weekend won't be seen by anyone until Monday.
Soccerref|||Deposits need time to clear.
Even if you deposited cash, it will not be processed immediately.
Banks update transactions once a day (at midnight).
This means that your deposit may not go through until Monday, since banks don't process on Sundays.
I never go by available.
I go by current or collected balance.
This could mean that you overdrafted in your checking.
You might be getting a $25 to $35 fee for doing this.
Go to your bank and opt-out of overdraft protection.
That way if you use your card again, and the funds are not in your account, your transaction will simply be turned down, and you won't get those nasty overdraft fees..
Your deposit will post tonight, and all will be right with the world. ATMs are NOT realtime banking. Deposits are not necessarily posted and credited to the account at the time you do it. It is done at the time the empty the machine and process the deposit .... ie the next working day.
Just because you make a $19,000 deposit at the ATM, does not mean they will give you access to the money! I think they would like to see what you deposited first! And a deposit done on the weekend won't be seen by anyone until Monday.
Soccerref|||Deposits need time to clear.
Even if you deposited cash, it will not be processed immediately.
Banks update transactions once a day (at midnight).
This means that your deposit may not go through until Monday, since banks don't process on Sundays.
I never go by available.
I go by current or collected balance.
This could mean that you overdrafted in your checking.
You might be getting a $25 to $35 fee for doing this.
Go to your bank and opt-out of overdraft protection.
That way if you use your card again, and the funds are not in your account, your transaction will simply be turned down, and you won't get those nasty overdraft fees..
Available balance says 806.67 and the current balance is -39.99 in my checking account?
900 was put in my bank yesterday morning. could i still write checks or use the debit card since it shows it paid for in my available balance? or do i have to wait?|||Call your bank.,|||It really depends on how the bank processes transactions and what those balances mean. If you made the 900 deposit yesterday after the cutoff time and it hasnt posted that is where the balance difference would come from. Also, make sure to account for any Overdraft Fees that may occurr from the negative balance, they are usually assessed the business day after the overdraft. As long as your bank processes deposits first then debits, you should be OK to write a check or use your debit card. The safer plan would be to use a credit card and just pay it back as soon as the funds clear.|||if I where you I would take the -39.99 from the 806.67 and go from there that way you do not have - on anything.
Is it legal for Citibank to refuse to combine my available credit in order to transfer a bigger balance?
I want to consolidate my available credit (two Citi credit card accounts) in order to take advantage of a balance transfer offer. Citi says that they will consolidate credit, but they'll only allow balance transfer amount on the available credit before combining. Is this legal? I don't recall getting a notice specifying this. Thanks!|||Legal? They're the lender, so they can set the rules.
Difference between balance and available balance?
i have a balance of higher than my avaialble balance. does the avaible balance include debit card transactions made throughout the day, and balance not include these if they have not cleared?
im confused|||If you have a balance of 拢100 but an available balance of 拢80 it means 拢20 has not yet been debited.|||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.|||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鈥檚 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.|||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...|||"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.|||(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.|||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)|||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|||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.|||balance=money you have...available balance=money you have + overdraft etc.|||Might be your overdraft?
im confused|||If you have a balance of 拢100 but an available balance of 拢80 it means 拢20 has not yet been debited.|||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.|||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鈥檚 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.|||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...|||"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.|||(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.|||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)|||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|||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.|||balance=money you have...available balance=money you have + overdraft etc.|||Might be your overdraft?
My account balance says 15 pound but my available balance is on 3 pound?
why is this and can i use my 15 pound?|||because you account as not been rolled up - you can use it but you will be charged with a nsf!!!|||The 3pound has been cleared but the 15pound has not cleared yet so you cannot use it
Why is my available balance in the negatives?
i have a santander bank account and recently deposited a quite large sum of 拢5000 last Monday, i was expecting it to be able to withdraw it on the following Wednesday but when i went to withdraw it said my current balance was 拢0.32 and my available balance was -拢4999.68, does this mean i owe them money?? if so then thats LAME but i'm really confused right now : (|||Now a days it is the practice of bank to show the actual balance that can be withdrawn and the balance accrued which include the amount of cheques deposited and yet to be cleared from the related bank.Hence you have to wait for clearings that may take some couple of days.|||No it means the Deposit has NOT cleared. It can take 3 to 7 business days
Available bank balance and Actual bank balance?
Ok so I have a HSBC student bank account with a 1000 pound overdraft. When I go into my overdraft my balance is displayed as "拢100D" The D symbolising it being in debt. Yet my available balance is 拢800C does this mean my account is soon to be 拢800 pound in credit? OR soon to be updated as 拢800 left of my overdraft!? Please help! Thank you!|||It means that you can take out a further 拢800 and stay within your overdraft limit.|||Well how much money have you got? You should know if you have 拢800 saved or not? But it should mean that your account has been credited with 拢900 but it hasn't been processed yet
What is the difference in banking between available and balance when talking about how much money you have?
Available balance is your balance you can use based upon any holds from deposited or pending items not yet posted but are pending.
Your Current balance is a running balance reflecting all transaction presented to your account weather they are on hold, pending or posted.
Always go by your available balance, put keep in mind neither available or current balance my be 100% correct if not all outstanding items have come in. (such as out standing checks, or debit card purchase, Direct deposits, or electronic payments)|||Available means what you can actually take out at that moment. The balance can be varied based on transactions that are pending and haven't cleared the bank yet.
Your Current balance is a running balance reflecting all transaction presented to your account weather they are on hold, pending or posted.
Always go by your available balance, put keep in mind neither available or current balance my be 100% correct if not all outstanding items have come in. (such as out standing checks, or debit card purchase, Direct deposits, or electronic payments)|||Available means what you can actually take out at that moment. The balance can be varied based on transactions that are pending and haven't cleared the bank yet.
What Does Available Balance Mean?
My Available Balance is more than my current Balance what does that necessarily mean?|||If you're talking about a credit card, then the available balance is the amount you have available for credit. The current balance is the amount you owe on what you have already purchased.|||On a checking account, "available balance" includes the amount in your account plus your overdraft protection amount. "Current balance" is the amount you have in the account without the overdraft.
|||Available blance always means the amount that is available for you to withdraw/spend/write checks against at that particular point in time. Your actual balance (vs your available balance) may show as a higher amount if you hace recently made a deposit (suchas a check) that has not yet "cleared" (bank word for OK for you to use). Most banks don't even show cash deposits as "available" in your balance until the next business day....would love to see the logic behind that.|||for a checking acct., the available balance may not include memo transactions. Memo transactions are those that may have been presented for payment, but not officially cleared the acct.|||If you are referring to a checking account, the available balance is the actual checking account balance plus the amount in savings which is set aside as overdraft protection. The overdraft amount is the savings balance minus the minimum amount required to keep the account active.
For example:
Your checking account balance is $200
Your savings balance is $200
Your bank requires a minimum of $25 to keep the savings account active, so your available overdraft protection amount is $175.
Your available balance would be $375.|||My available balance is usually less then my current balance. The reason being , the bank has been notified that a withdrawal is emminent within a few days. Therefore, a certain amount is kept in waiting, making the available balance available for you to use, but the rest is not. But, according to you, it is the other way around, so I have no idea what that means.|||thats the funds available for withdrawl..it means either a check hasnt cleared yet or a deposit was made earlier than you thought.|||you can't take out more than you current balance unless you have an overdraft. Available balance is an amount that is set that you are allowed to take out on a daily basis and it doesn't change.
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|||Available blance always means the amount that is available for you to withdraw/spend/write checks against at that particular point in time. Your actual balance (vs your available balance) may show as a higher amount if you hace recently made a deposit (suchas a check) that has not yet "cleared" (bank word for OK for you to use). Most banks don't even show cash deposits as "available" in your balance until the next business day....would love to see the logic behind that.|||for a checking acct., the available balance may not include memo transactions. Memo transactions are those that may have been presented for payment, but not officially cleared the acct.|||If you are referring to a checking account, the available balance is the actual checking account balance plus the amount in savings which is set aside as overdraft protection. The overdraft amount is the savings balance minus the minimum amount required to keep the account active.
For example:
Your checking account balance is $200
Your savings balance is $200
Your bank requires a minimum of $25 to keep the savings account active, so your available overdraft protection amount is $175.
Your available balance would be $375.|||My available balance is usually less then my current balance. The reason being , the bank has been notified that a withdrawal is emminent within a few days. Therefore, a certain amount is kept in waiting, making the available balance available for you to use, but the rest is not. But, according to you, it is the other way around, so I have no idea what that means.|||thats the funds available for withdrawl..it means either a check hasnt cleared yet or a deposit was made earlier than you thought.|||you can't take out more than you current balance unless you have an overdraft. Available balance is an amount that is set that you are allowed to take out on a daily basis and it doesn't change.
Negative available balance on credit card, should I pay it *all* off?
Or should I pay it down to below the 25% that is usually recommended so that I maintain credit history with this account?|||If you can afford it, you shoudl always pay off the whole balance, otherwise you're just throwing money away by paying interest.|||I suggest to just pay it down, with the economy right now, credit card company will find a way and reason to lower your line of credit. If you pay off your credit card theres a 50/50 chance that your they will lower your line of credit. So, just pay it down and make sure your account is always current and paid before the due date.|||Pay it all off. Zero is below 25%. Its not worth paying steep interest rates just to "build your credit" which serves only to allow you to take more loans and pay more interest later. You will "build your credit" sufficiently well by carrying a zero balance on your cards.|||Pay it off. Charge an amount every month you can pay off every month. You will then have a credit rating to be proud of. How do I know? I changed my credit rating from below 600 to what it is now-786. Darn near perfect! Takes work and sacrifice, but so worth it!|||hi, personally i would pay it all as quick as i possibly could, because having a bad credit history is a dangerous thing, if you have bad credit it causes problems like, not being able to get a mortgage, not being able to have credit for anything and thats not good when you most need it.
Can I spend my available balance? I have no overdraft?
I have 拢35 Available Balance as i have just deposited the money
拢0 Account Balance
Can i still buy something online?
Will it go through straight away?|||You must wait for your deposit to become clear or collected.
Going by available balance is an easy way to get into the nightmare of overdraft charges.
/|||Generally deposits take three days to clear and become truly available, while withdrawals and debits to accounts are instant. Banks are like that.
Slow down. Build up a false bottom on your account of $500-$1,000 (I don't have an English Pound symbol on my keyboard). That way you won't have to worry about overdrafts - which will quickly destroy your account. Pretend the bottom isn't there.|||dont do it... u will incur charges since yr fund is still not available.
U better wait for the funds to clear. The purchase may still clear if you have overdraft/credit line on that account.
拢0 Account Balance
Can i still buy something online?
Will it go through straight away?|||You must wait for your deposit to become clear or collected.
Going by available balance is an easy way to get into the nightmare of overdraft charges.
/|||Generally deposits take three days to clear and become truly available, while withdrawals and debits to accounts are instant. Banks are like that.
Slow down. Build up a false bottom on your account of $500-$1,000 (I don't have an English Pound symbol on my keyboard). That way you won't have to worry about overdrafts - which will quickly destroy your account. Pretend the bottom isn't there.|||dont do it... u will incur charges since yr fund is still not available.
U better wait for the funds to clear. The purchase may still clear if you have overdraft/credit line on that account.
What should be the available balance on bank statement from sponsor sponsoring family visitor to the U.K?
There is no set amount. What is important is that you show regular income with enough to support the accommodation costs of another person.
If I'm supposed to stay 35% below my available balance on my credit cards to raise my credit score?
what do I do with the card when I've spent 35% of it? I know it's not good to close the account %26amp; it's better to keep it open, but can I still cut it up so I won't be tempted to use it?|||There is a huge misconception about credit cards and credit scores these days.
A little explanation....
Your credit score is based off of a constantly changing model based on current risk factors in different industries and is impossible to calculate at any given time (I have asked engineers at Transunion and Experian on Multiple occasions).
The heaviest weight for your score is going to be the depth of positive credit (meaning how long you have had an account open and have been paying the monthly payments in a timely manner). The depth model is based off of a 12 month tier. The first 12 months has the biggest effect, then at 24 months the account will further contribute positively to your score, finally the 36+ tier shows that you have a solid history with that account.
The next type of trade line (accounts are called trade lines) that has a significant weight is Installment debt (Mortgages, car loans, Student loans in repayment, etc.). You grab an account or two of this type and pay on it for a few years and you will be sleeping pretty easy at night.
The third type of trade line is open ended or revolving. This includes credit cards and collections. Obviously collections will never help your credit. The reason these "myths" of the 35% or 50% balance to limit or pay it off every other month rules come out is because credit cards are the most abundant and easiest to get your hands on trade line and clients hope that massaging these debts will help their credit. Keeping a good level of room on your cards will show the credit bureaus that you do not have any issues with liquidity and can help maintain a healthy credit score.
Definitely do not close the accounts and re-open them like you are playing some old nickel arcade game, this will do nothing good and will potentially damage the depth of your credit (remember when I stated above that accounts need to be open at least 3 years to get the full effect) and in turn possibly lower your score.
As always the best advice is spend within your means, keep a "just-in-case fund" so you don't have to use credit cards for emergency and always make your payments on time.
Good Luck!|||You could.
However, it would be better to repay the 35% that you have used (bring the balance down to zero), then use it until it reaches 35% again, repay it again, etc., and keep repeating this process.|||Sure..and when you get it paid down, you can always request a new one. BTW, the 35% is just a guideline...in actuality, you should have only balances you can pay off each month. The 35% is really an upper limit.
A little explanation....
Your credit score is based off of a constantly changing model based on current risk factors in different industries and is impossible to calculate at any given time (I have asked engineers at Transunion and Experian on Multiple occasions).
The heaviest weight for your score is going to be the depth of positive credit (meaning how long you have had an account open and have been paying the monthly payments in a timely manner). The depth model is based off of a 12 month tier. The first 12 months has the biggest effect, then at 24 months the account will further contribute positively to your score, finally the 36+ tier shows that you have a solid history with that account.
The next type of trade line (accounts are called trade lines) that has a significant weight is Installment debt (Mortgages, car loans, Student loans in repayment, etc.). You grab an account or two of this type and pay on it for a few years and you will be sleeping pretty easy at night.
The third type of trade line is open ended or revolving. This includes credit cards and collections. Obviously collections will never help your credit. The reason these "myths" of the 35% or 50% balance to limit or pay it off every other month rules come out is because credit cards are the most abundant and easiest to get your hands on trade line and clients hope that massaging these debts will help their credit. Keeping a good level of room on your cards will show the credit bureaus that you do not have any issues with liquidity and can help maintain a healthy credit score.
Definitely do not close the accounts and re-open them like you are playing some old nickel arcade game, this will do nothing good and will potentially damage the depth of your credit (remember when I stated above that accounts need to be open at least 3 years to get the full effect) and in turn possibly lower your score.
As always the best advice is spend within your means, keep a "just-in-case fund" so you don't have to use credit cards for emergency and always make your payments on time.
Good Luck!|||You could.
However, it would be better to repay the 35% that you have used (bring the balance down to zero), then use it until it reaches 35% again, repay it again, etc., and keep repeating this process.|||Sure..and when you get it paid down, you can always request a new one. BTW, the 35% is just a guideline...in actuality, you should have only balances you can pay off each month. The 35% is really an upper limit.
What is the difference between accoung balance and available balane?
The question is above and which balance do i go with?? Thanks for any help|||You go with the available balance.
Available is literally what is available to spend, account balance is the overall balance but the difference between the two is what is in the 'reserve', which is basically direct debits or card payments waiting to clear.
A bit confusing I know, so here's an example:
You have 拢500 in your account, you then spend 拢100 on your card in a shop. That 拢100 is then reserved until the payment clears, so if you were to go to an ATM it'd show:
Account balance: 500.00
Available balance: 400.00|||Your available balance is what you can actually withdrawl and spend. Your account balance is your balance pending any transactions like deposits or withdrawls from your account that have not cleared yet.
Available is literally what is available to spend, account balance is the overall balance but the difference between the two is what is in the 'reserve', which is basically direct debits or card payments waiting to clear.
A bit confusing I know, so here's an example:
You have 拢500 in your account, you then spend 拢100 on your card in a shop. That 拢100 is then reserved until the payment clears, so if you were to go to an ATM it'd show:
Account balance: 500.00
Available balance: 400.00|||Your available balance is what you can actually withdrawl and spend. Your account balance is your balance pending any transactions like deposits or withdrawls from your account that have not cleared yet.
Chase Bank available vs present balance?
What would happen if i go past my available balance, but not my present balance at the J.P. Morgon's Chase Bank? Transactions take a day to go through the system, but if I have money in the present balance, but not on the available balance and buy something that's over the available, but not the present, what then?|||Your available should be your 'up-to-date' balance. The present/current balance is your balance from the 'night before' end of business processing of any debits/credits for the day. It wont reflect any 'throughout today' debit or credits that come into your account. If your available balance becomes negative and you do not bring your account back into good standing by end of business day for your bank, you will be charged any NSF fees and could possible get return items on the account.
I would suggest you talk to a customer service rep at this bank and find out full details from them since every bank is different.
Oh, and keep a check reg/record at all times that way you know what your balance is at ALL times. The bank is not your book keeper. Do not rely completely on checking your available balance, because those bank balances can change from the time you check them. Say you went to the bank at 10:00 am and your balance was 100..great you have 100bucks...well, 30 minutes since the time you check, you didn't realize that check or ACH of 80 dollars came through and now you only have 20 bucks...but you think you have 100 and go out that day and spend it and end up over drawing your account which you wont realize until the next day, or the next time you check your balance.
Just food for thought... :)|||The bank will bounce the payment and probably charge you a bounce fee as will the merchant. The two numbers are different because you have debits outstanding that the bank knows about but has not yet processed in full.|||Depends on the banks policy. Some will bounce it, some with just charge you a uncollected funds fee which means they don't bounce it but you get a fee on your account, typically around the same amount as a bounce check fee.
I would suggest you talk to a customer service rep at this bank and find out full details from them since every bank is different.
Oh, and keep a check reg/record at all times that way you know what your balance is at ALL times. The bank is not your book keeper. Do not rely completely on checking your available balance, because those bank balances can change from the time you check them. Say you went to the bank at 10:00 am and your balance was 100..great you have 100bucks...well, 30 minutes since the time you check, you didn't realize that check or ACH of 80 dollars came through and now you only have 20 bucks...but you think you have 100 and go out that day and spend it and end up over drawing your account which you wont realize until the next day, or the next time you check your balance.
Just food for thought... :)|||The bank will bounce the payment and probably charge you a bounce fee as will the merchant. The two numbers are different because you have debits outstanding that the bank knows about but has not yet processed in full.|||Depends on the banks policy. Some will bounce it, some with just charge you a uncollected funds fee which means they don't bounce it but you get a fee on your account, typically around the same amount as a bounce check fee.
Why is my "available balance" more than my "balance"?
My checking acct states that I have 396.00 in it, but, my available balance is 799.00... Why is that? You'd think that your available balance would be smaller right?|||Look above that, for "check card holds" etc.
It means that there is an item, expenditure, that has not yet been fully processed. A weird thing I discovered about mine is when it is a restaurant bill, the first amount shown does not include the tip; then, the next time I look at it, the amount is larger. Careful, this can cause you to make an overdraft, if you don't keep a "cushion" of money...a sort of miniature savings account in your checking account.|||There are many reasons why the balances will be different at any given time. Items held by the bank until the funds are collected, or perhaps you have an ACH deposit that is going to come in soon and it's only showing right now as a memo post to your account. Again, the possibilities are endless.
The ONLY balance that you should ever trust is the balance in your check register, provided that you are doing a good job of keeping it updated and balance to your statement on a monthly basis, or more often if you use online banking.
Hope this helps.|||Most likely you have an overdraft on your account of $400 which means the bank will essentially loan you that extra money but it is automatically taken from any deposit into the account if you use it and you will be charged an overdraft fee if you go into it. Overdraft is good for automatic withdrawals of bills because sometimes they do not come out on the dates we expect and if you do not have enough funds in your account it would be covered. This saves a lot of non sufficient fund problems. I suggest you check with your bank to be sure. The other possibility is that you have a daily withdrawal limit and even though you don't have the funds the statement is telling you you could take up to 799 out.|||Two scenarios: The account not been update to the next morning OR
If you have a direct deposit from your job, the amount coming in should add to your balance to become available balance.|||The website hasn't updated yet. It usually takes one business day to process.|||you might have pending charges that havent cleared yet|||hmmmmm. to withdrawl a free 400$ or not is the question. are you sure its not the other way around?
It means that there is an item, expenditure, that has not yet been fully processed. A weird thing I discovered about mine is when it is a restaurant bill, the first amount shown does not include the tip; then, the next time I look at it, the amount is larger. Careful, this can cause you to make an overdraft, if you don't keep a "cushion" of money...a sort of miniature savings account in your checking account.|||There are many reasons why the balances will be different at any given time. Items held by the bank until the funds are collected, or perhaps you have an ACH deposit that is going to come in soon and it's only showing right now as a memo post to your account. Again, the possibilities are endless.
The ONLY balance that you should ever trust is the balance in your check register, provided that you are doing a good job of keeping it updated and balance to your statement on a monthly basis, or more often if you use online banking.
Hope this helps.|||Most likely you have an overdraft on your account of $400 which means the bank will essentially loan you that extra money but it is automatically taken from any deposit into the account if you use it and you will be charged an overdraft fee if you go into it. Overdraft is good for automatic withdrawals of bills because sometimes they do not come out on the dates we expect and if you do not have enough funds in your account it would be covered. This saves a lot of non sufficient fund problems. I suggest you check with your bank to be sure. The other possibility is that you have a daily withdrawal limit and even though you don't have the funds the statement is telling you you could take up to 799 out.|||Two scenarios: The account not been update to the next morning OR
If you have a direct deposit from your job, the amount coming in should add to your balance to become available balance.|||The website hasn't updated yet. It usually takes one business day to process.|||you might have pending charges that havent cleared yet|||hmmmmm. to withdrawl a free 400$ or not is the question. are you sure its not the other way around?
My available balance is higher then my ledger balance. I made a deposit today?
Which balance do I go by to see how much is actually in my account after everything goes through|||You have written one or more checks that have not cleared. Obviously, the bank doesn't know about the checks you write until they come back to the bank.
You go by your ledger balance, accounting for the time it takes deposits to clear.
http://en.wikipedia.org/wiki/Expedited_F鈥?/a>|||available %26gt; ledger occurs when you've either: made a cash deposit (with a teller) that day (and it hasn't posted to the ledger balance yet), or transferred funds from another account (i.e online). Do NOT trust an available balance given to you from an ATM after a deposit b/c it won't actually post (at the earliest) until that night at around midnight.
Hope this helps....
(Could also occur if your bank gives you immediate credit for deposits, but that would be unusual!)
You go by your ledger balance, accounting for the time it takes deposits to clear.
http://en.wikipedia.org/wiki/Expedited_F鈥?/a>|||available %26gt; ledger occurs when you've either: made a cash deposit (with a teller) that day (and it hasn't posted to the ledger balance yet), or transferred funds from another account (i.e online). Do NOT trust an available balance given to you from an ATM after a deposit b/c it won't actually post (at the earliest) until that night at around midnight.
Hope this helps....
(Could also occur if your bank gives you immediate credit for deposits, but that would be unusual!)
Difference between Available Balance and Current Balance?
So I called today and it said I have current balance800$
but then it said i have available balance is 200$ why is that?
I want to buy something for 300$ but idk what to do.
thanks.|||Your available balance is the amount you'd be able to access today, so if you want to buy something for $300 you'll have to wait. There's a number of reasons for your available balance not being the same as your current balance, but the most common reasons are
- there's a hold on some of the money as they wait for it to clear (e.g. if you deposited a cheque yesterday, it make take a few days for them to make sure the person who wrote the cheque can honour the amount)
- you have a daily withdrawal limit on your account - which is what most people do have in order to prevent someone from clearing your account out in a single transaction if somehow your account was compromised.
I suggest talking to your bank to determine exactly why and what you can do to make a purchase of $300. It may just be a matter of withdrawing $200 today and $100 tomorrow, or coming into the branch with photo ID to get all $300 in one shot, or waiting for a cheque to clear.|||Current balance is everything that has been fully accounted for.
Available balance might include deduction of pending checks or debit charges that they are aware of, but might not include deposits that have not cleared yet. It would not include recent checks or charges that they are totally unaware of yet.
Some banks will make part of a deposit (like $100) immediately available in your available balance, and the rest when the check clears.
You would have to look at more details of your account on-line to see what pending charges are going to deduct from the $800 or uncleared deposit might add to the $200.
but then it said i have available balance is 200$ why is that?
I want to buy something for 300$ but idk what to do.
thanks.|||Your available balance is the amount you'd be able to access today, so if you want to buy something for $300 you'll have to wait. There's a number of reasons for your available balance not being the same as your current balance, but the most common reasons are
- there's a hold on some of the money as they wait for it to clear (e.g. if you deposited a cheque yesterday, it make take a few days for them to make sure the person who wrote the cheque can honour the amount)
- you have a daily withdrawal limit on your account - which is what most people do have in order to prevent someone from clearing your account out in a single transaction if somehow your account was compromised.
I suggest talking to your bank to determine exactly why and what you can do to make a purchase of $300. It may just be a matter of withdrawing $200 today and $100 tomorrow, or coming into the branch with photo ID to get all $300 in one shot, or waiting for a cheque to clear.|||Current balance is everything that has been fully accounted for.
Available balance might include deduction of pending checks or debit charges that they are aware of, but might not include deposits that have not cleared yet. It would not include recent checks or charges that they are totally unaware of yet.
Some banks will make part of a deposit (like $100) immediately available in your available balance, and the rest when the check clears.
You would have to look at more details of your account on-line to see what pending charges are going to deduct from the $800 or uncleared deposit might add to the $200.
What is the difference between available balance and current balance on my deposit slip form my bank?
does anyone know?|||Available means the amount of money you can take out now.
Current often is higher - because something you have deposited hasn't cleared yet.|||some banks have an over draft amount, my bank has 700 over draft amount,, it helps in a way so you don't own more then one person if you overdraw on your bank account, you STILL owe the bank but you don't other the other person too, like if you wrote a check it won't bounce, you will owe the bank money ..
Current often is higher - because something you have deposited hasn't cleared yet.|||some banks have an over draft amount, my bank has 700 over draft amount,, it helps in a way so you don't own more then one person if you overdraw on your bank account, you STILL owe the bank but you don't other the other person too, like if you wrote a check it won't bounce, you will owe the bank money ..
My available balance is lower than my account balance?
Ok so i brought something from game online but the i cancelled it and it said no money had been taken, but now it says my available balance is less than my account balance, why is this, thank you.|||Its just taking time to be credited back in to your account, you know how slow banks are!|||Maybe because the bank got a pre-authorization for the charge and will credit your account back when they get a reversal from the company.
Call you bank if it is not recredited by Monday or Tuesday of next week.|||because the bank took the cancelation fee.
Call you bank if it is not recredited by Monday or Tuesday of next week.|||because the bank took the cancelation fee.
HELP!!!!!How much money can i take out of my bank acount? whats the diff between available & present balance?
I came into a lot of money and it went straight into my bank account .. $5,000 .. i have a chase debit card, how much can i take out from the chase ATM ??
%26amp; online it says my available balance is $3.09 and my present balance is $5,000 .. my total is $5,000 what does this mean ?|||Every bank has a "holding" period for things like checks. They perform the transaction and your balance goes up, but the funds do not become available until the paper "clears" which varies depending on what the transaction IS. For example, if I deposit a foreign check NOT in US dollars into my account, my bank requires 15 business days before the money is available. On a personal check, 7 business days. The only way to get the money available any faster is to deposit CASH, and even then, it could be until the close of business tomorrow before THAT is available! AND, consider this: The "online" part is simply a database on a server somewhere. How often is the database updated by the bank? Nothing "online" happens in REAL time. It takes time for the paper trail to catch up, and until the paper catches up, you get to WAIT for the funds to finally be released for you to draw against. My bank, for example, recently got a check for deposit into my savings account from the sale of a travel trailer. All they made available to me immediately was $100 of the $8,500.00, even though the check was certified. It still took several business days for the funds to be available to me.|||the thing that you have to look at is your available balance. that's your balance that you are allowed to take out, whether it is because you have taken out the rest before hand, or you have achieved your maximum allowed internet withdrawal.|||It means the check hasn't been processed yet. It should be done the next business day though. Depending on ATM, you can take out only a certain amount. So instead you can go to the bank and make a withdrawal of how much you want, even if it's 5000.
%26amp; online it says my available balance is $3.09 and my present balance is $5,000 .. my total is $5,000 what does this mean ?|||Every bank has a "holding" period for things like checks. They perform the transaction and your balance goes up, but the funds do not become available until the paper "clears" which varies depending on what the transaction IS. For example, if I deposit a foreign check NOT in US dollars into my account, my bank requires 15 business days before the money is available. On a personal check, 7 business days. The only way to get the money available any faster is to deposit CASH, and even then, it could be until the close of business tomorrow before THAT is available! AND, consider this: The "online" part is simply a database on a server somewhere. How often is the database updated by the bank? Nothing "online" happens in REAL time. It takes time for the paper trail to catch up, and until the paper catches up, you get to WAIT for the funds to finally be released for you to draw against. My bank, for example, recently got a check for deposit into my savings account from the sale of a travel trailer. All they made available to me immediately was $100 of the $8,500.00, even though the check was certified. It still took several business days for the funds to be available to me.|||the thing that you have to look at is your available balance. that's your balance that you are allowed to take out, whether it is because you have taken out the rest before hand, or you have achieved your maximum allowed internet withdrawal.|||It means the check hasn't been processed yet. It should be done the next business day though. Depending on ATM, you can take out only a certain amount. So instead you can go to the bank and make a withdrawal of how much you want, even if it's 5000.
Whats the difference between "Current Balance" and "Available Balance" on my bank statement?
Your current balance is what the bank has for your balance on the ledger.
However, most times you don't have access to most of it. If you've recently deposited a check, they may hold that and that amount would not be "Available" for a few days. Also if you buy something with a debit card, the purchase amount is deducted from what's available even though it hasn't officially cleared.|||Well its tricky cause I don't know what bank, but I work at one and we have 3 balances.
Current/ledger which is what your balance was at midnight (when everything posted).
Memo (also known as current) balance which includes all deposits, debits, credits, checks, etc that have gone through on the account (this is pretty much what your balance is, unless you deposited a bad check or something).
Then available balance. This is the amount of funds you currently had/have to spend until everything that is going through posts. Which is posted at midnight everyday. However remember after the banks business day ends friday nothing will post till monday at midnight. |||When you use your card or another electronic transaction is pending, the computer actually encumbers the money for that transaction. This money is then taken away from the balance that is in your account. Therefore the money that is in the account is current balance and the pending transaction is taken away from that to give you an available balance. NOTE dont count on the current balance, use the available balance. |||Current balance is what you have deposited in the account. Like a check drawn on another bank. Available balance is what is actually collected. Like checks that have been deposited and have been transferred 'in' the account.
However, most times you don't have access to most of it. If you've recently deposited a check, they may hold that and that amount would not be "Available" for a few days. Also if you buy something with a debit card, the purchase amount is deducted from what's available even though it hasn't officially cleared.|||Well its tricky cause I don't know what bank, but I work at one and we have 3 balances.
Current/ledger which is what your balance was at midnight (when everything posted).
Memo (also known as current) balance which includes all deposits, debits, credits, checks, etc that have gone through on the account (this is pretty much what your balance is, unless you deposited a bad check or something).
Then available balance. This is the amount of funds you currently had/have to spend until everything that is going through posts. Which is posted at midnight everyday. However remember after the banks business day ends friday nothing will post till monday at midnight. |||When you use your card or another electronic transaction is pending, the computer actually encumbers the money for that transaction. This money is then taken away from the balance that is in your account. Therefore the money that is in the account is current balance and the pending transaction is taken away from that to give you an available balance. NOTE dont count on the current balance, use the available balance. |||Current balance is what you have deposited in the account. Like a check drawn on another bank. Available balance is what is actually collected. Like checks that have been deposited and have been transferred 'in' the account.
Difference between Account balance and available balance?
im so confused, my account balance is 拢97 and my available balance is 拢18.38 can you please explain what this means
thanks|||It means that, although there is currently 拢97 in your account, your bank has either allocated 拢78.62 to cover payments due (Direct Debits etc) or there has been a credit to your account of 拢78.62, which has not yet cleared.|||Your account balance is the balance that your bank was at the close of business on that day.
Your available balance is the balance that your bank have factored in based on the amount you have spent that day, it has just not processed on to the statements yet.|||Available balance is part of the account balance. you originally had 18.38 and then you made a deposit of 78.62 and it is waiting to clear. Once it clear then you will have an Available bal of 97.|||Means you have 97 on deposit but only 18.38 is available. The rest may have been a check and has not cleared or you have transactions pending so you cannot spend that nor withdraw it. You can only use the 18.38|||There is either a hold on a check that you have deposited OR you have made charges that are 'pending' and will clear in the next couple days.
thanks|||It means that, although there is currently 拢97 in your account, your bank has either allocated 拢78.62 to cover payments due (Direct Debits etc) or there has been a credit to your account of 拢78.62, which has not yet cleared.|||Your account balance is the balance that your bank was at the close of business on that day.
Your available balance is the balance that your bank have factored in based on the amount you have spent that day, it has just not processed on to the statements yet.|||Available balance is part of the account balance. you originally had 18.38 and then you made a deposit of 78.62 and it is waiting to clear. Once it clear then you will have an Available bal of 97.|||Means you have 97 on deposit but only 18.38 is available. The rest may have been a check and has not cleared or you have transactions pending so you cannot spend that nor withdraw it. You can only use the 18.38|||There is either a hold on a check that you have deposited OR you have made charges that are 'pending' and will clear in the next couple days.
Whats the difference between "posted balance" and "available balance" while on online checking account
Ledger or "posted balance" is what has cleared your accoung. "Available balance" includes charges that were authorized, but have not cleared your account yet.|||Posted balace includes the transactions that already Paid or Completed. Available Balance is the Balance with some restrained amount from Check Card transactions. But the most accurate balance should be from your own check registery, when you do write down all transactions from your account.|||POSTED BALANCE SHOWS WHAT YOU HAD BEFORE MAKING CHARGES WITH A CREDIT OR DEBIT CARD THAT HAVEN'T CLEARED|||Posted balance includes all the deposits that have been made. Available balance is only the deposits that have cleared. It usually takes several days for checks to clear, so that is usually the difference.
UK: Just been to cashpoint. Why is there a 拢200 difference between my account balance and 'available balance'?
I do not know why there is a difference in the two figures, as my wages went in today and I haven't spent any money in quite some time. What are these two figures and should I be worried?
Sorry if this is a stupid question but this is the first job I have had since leaving home and my first pay-cheque!|||
If you have paid in a cheque in the last few days and this hasn't cleared yet then the amount of the cheque would show in your account balance but not in your available balance.
If you have any direct debits or other transactions due to go out of your account in the next couple of days then your available balance may have been reduced by the amount due to go out of your account.|||The account balance is the amount you have in your account.
Available balance is the amount you are allowed to take out through the cash machine on that day. Banks put a daily limit on the amount you can withdraw to reduce the damage if your card is stolen.|||if the account balance is lower than the available balance then you must have a 拢200 overdraft. If the account balance is higher than the available balance, then you owe the bank 拢200 and they have taken it|||have you paid a cheque in? you cant draw on a cheque till its cleared although it still will show on your balance.
Sorry if this is a stupid question but this is the first job I have had since leaving home and my first pay-cheque!|||
If you have paid in a cheque in the last few days and this hasn't cleared yet then the amount of the cheque would show in your account balance but not in your available balance.
If you have any direct debits or other transactions due to go out of your account in the next couple of days then your available balance may have been reduced by the amount due to go out of your account.|||The account balance is the amount you have in your account.
Available balance is the amount you are allowed to take out through the cash machine on that day. Banks put a daily limit on the amount you can withdraw to reduce the damage if your card is stolen.|||if the account balance is lower than the available balance then you must have a 拢200 overdraft. If the account balance is higher than the available balance, then you owe the bank 拢200 and they have taken it|||have you paid a cheque in? you cant draw on a cheque till its cleared although it still will show on your balance.
What's the term used for using the bank's money on a credit card. When all my available balance is gone...?
Sorry let me rephrase that.
For example: i have a credit card, and ive used all the available funds i have in my account(s), it then goes over to the banks money and i have to pay it back by the end of the month..
What's this term called again?|||Over the limit|||Are you using a debit card per chance??
You don't actually have funds available on a credit card ... You have a form of a line of credit ...
You go 'over the limit' on your credit cards when you spend more than your credit limit .. And you don't actually need to pay it back at the end of the billing cycle ... However if you don't,, you'll keep getting tagged with over the limit fee's till you are back under you credit limit ...
An over draft is what you do to your checking account ...|||If you are using a credit card, you are always using the bank's money. They are not deposit accounts and, except for the occasional credit from overpayment, etc., do not hold any of your funds.|||Its Over Draft under penalty clause.
All the best.|||brains ,.
For example: i have a credit card, and ive used all the available funds i have in my account(s), it then goes over to the banks money and i have to pay it back by the end of the month..
What's this term called again?|||Over the limit|||Are you using a debit card per chance??
You don't actually have funds available on a credit card ... You have a form of a line of credit ...
You go 'over the limit' on your credit cards when you spend more than your credit limit .. And you don't actually need to pay it back at the end of the billing cycle ... However if you don't,, you'll keep getting tagged with over the limit fee's till you are back under you credit limit ...
An over draft is what you do to your checking account ...|||If you are using a credit card, you are always using the bank's money. They are not deposit accounts and, except for the occasional credit from overpayment, etc., do not hold any of your funds.|||Its Over Draft under penalty clause.
All the best.|||brains ,.
Why does my retirement plan say I have only about 10% of the balance available to withdraw?
For example, if I had $20,000 in there, which it says is vested, why would the amount "available to withdraw" only show $2,000 available for hardship withdrawal?
I am not trying to take any money out now. This is just out of curiosity.|||Hardship withdrawal is something that varies from plan to plan. The company offering the plan can choose whether to allow that at all or not, and then how much they would allow. It sounds like your company has allowed 10% to be withdrawn.|||Many plans limit the amount you are allowed to withdraw using the hardship exclusion. This keeps folks from drawing down their retirement too early. There is no law requiring a plan to even offer hardship withdrawals or loans.|||4. What is the maximum amount of elective contributions that can be distributed as a hardship distribution from a 401(k) plan?
The amount of elective contributions available for a hardship distribution cannot be more than the amount of the employee's total elective contributions, including designated Roth contributions, as of the date of distribution reduced by the amount of previous distributions of elective contributions. This "maximum distributable amount" generally does not include earnings, qualified nonelective contributions or qualified matching contributions, unless the plan provides that certain grandfathered amounts are included. Other amounts under the plan, if any, such as regular matching contributions and discretionary profit-sharing contributions may also be distributed on account of hardship if the plan so provides.
(Reg. 搂1.401(k)-1(d)(3)(ii))
This means, no matching contributions are considered. No earnings are considered. Previous loans, etc.|||your vested benefits are yours, no matter what happens, even if you quit without giving a notice. you probably won't be 100% vested until you are in the plan for 7 years.
I am not trying to take any money out now. This is just out of curiosity.|||Hardship withdrawal is something that varies from plan to plan. The company offering the plan can choose whether to allow that at all or not, and then how much they would allow. It sounds like your company has allowed 10% to be withdrawn.|||Many plans limit the amount you are allowed to withdraw using the hardship exclusion. This keeps folks from drawing down their retirement too early. There is no law requiring a plan to even offer hardship withdrawals or loans.|||4. What is the maximum amount of elective contributions that can be distributed as a hardship distribution from a 401(k) plan?
The amount of elective contributions available for a hardship distribution cannot be more than the amount of the employee's total elective contributions, including designated Roth contributions, as of the date of distribution reduced by the amount of previous distributions of elective contributions. This "maximum distributable amount" generally does not include earnings, qualified nonelective contributions or qualified matching contributions, unless the plan provides that certain grandfathered amounts are included. Other amounts under the plan, if any, such as regular matching contributions and discretionary profit-sharing contributions may also be distributed on account of hardship if the plan so provides.
(Reg. 搂1.401(k)-1(d)(3)(ii))
This means, no matching contributions are considered. No earnings are considered. Previous loans, etc.|||your vested benefits are yours, no matter what happens, even if you quit without giving a notice. you probably won't be 100% vested until you are in the plan for 7 years.
How long does it take for a paycheck to clear/be considered "available balance" in your bank account?
If it means anything, I use Commerce but their site isn't too helpful at all.|||It may depend on your bank. My bank makes payroll checks available to you immediately.
Sometimes it can take up to 3-5 business days if the bank isn't familiar with institution who issued the check. Call your bank and ask them when the funds will be available.|||It depends on if the check is a local check which means is the bank where the check is drawn close to where you live like in your town or state if the check is from out of state it could take 3-5 days for the check to be considered available funds.|||I believe the average is three days from the date of your deposit or being cashed.|||The best solution is to talk to the bank (by phone will sufficient). Normally at least a part of the deposit is available immediately unless yours is a brand new account.|||If it is direct deposit it is available immediately. If it is local check 3 business days. nonlocal 5-7 business days. If the bank doesn't put a hold on the check you can still use the money immediately but if you employer doesn't have the money in their account when the check is presented it could be returned and if you have already spent the money it could put you into o/d and cause other fees or leave you short on cash. If your company offers direct deposit, I would do that. If the payroll check is on a local bank go there and cash it then deposit the cash in your checking. Still call and check with your bank.|||Depends on the bank and when you deposited it. Out of state checks usually take longer. Ask your bank. I think up to 5 days is normal. Next time try cashing your check and then depositing the cash.
Sometimes it can take up to 3-5 business days if the bank isn't familiar with institution who issued the check. Call your bank and ask them when the funds will be available.|||It depends on if the check is a local check which means is the bank where the check is drawn close to where you live like in your town or state if the check is from out of state it could take 3-5 days for the check to be considered available funds.|||I believe the average is three days from the date of your deposit or being cashed.|||The best solution is to talk to the bank (by phone will sufficient). Normally at least a part of the deposit is available immediately unless yours is a brand new account.|||If it is direct deposit it is available immediately. If it is local check 3 business days. nonlocal 5-7 business days. If the bank doesn't put a hold on the check you can still use the money immediately but if you employer doesn't have the money in their account when the check is presented it could be returned and if you have already spent the money it could put you into o/d and cause other fees or leave you short on cash. If your company offers direct deposit, I would do that. If the payroll check is on a local bank go there and cash it then deposit the cash in your checking. Still call and check with your bank.|||Depends on the bank and when you deposited it. Out of state checks usually take longer. Ask your bank. I think up to 5 days is normal. Next time try cashing your check and then depositing the cash.
Ledger balance smaller than my available balance?
I dont understand the ledger balance and available balance on my bank account. It states my ledger balance is 159.62 and my available balance is 190.52 which one is correct? By looking at my transaction history online I should have the 190.52 but why does it say ledger balance 159.62?|||This is normally due to pending deposits.|||BOTH are correct. They have different meanings. The Ledger Balance is the balance after everything posted at the end of the last business day. The available balance is adjusted for known transactions that have not posted and any funds on 'hold'. For your available balance to be more than your ledger balance, you must have a bending deposit.
Note: Neither balance accounts for outstanding paper checks.|||It means something is processing on your account that hasn't cleared yet. It's a Bank holiday so the situation will update itself tomorrow or Wednesday|||Maybe something you deposited? Things don't usually go through for either 1 or 2 days. Just wait, and the ledger and available with balance out.
Note: Neither balance accounts for outstanding paper checks.|||It means something is processing on your account that hasn't cleared yet. It's a Bank holiday so the situation will update itself tomorrow or Wednesday|||Maybe something you deposited? Things don't usually go through for either 1 or 2 days. Just wait, and the ledger and available with balance out.
What does it mean if your available money and your balance in your account are different?
I am with Natwest and when I'm checking my balance online I notice the Available amount and Balance amount is different by around 拢30. What does this mean?
I'm not concerned of theft or fraud I just don't know why it does this.|||It means that you probably made a payment, either direct debit or standing order which hasn't gone out yet but has been accounted for, or you have an outstanding debit card payment which has been authorised but not yet collected from your account|||The available amount is the amount of money the banks computer says you can use.
The balance is the difference between credits (deposits) and checks (debits).
Pending credits and debts are those that have not been posted to your account yet.
They will change the available amount after they post to your account.
When all debits have been posted to your account,the balance and amount available should be the same.|||Sometimes its because you may have ordered something online, paid for it, but it hasnt been cleared into the other account ?
Also when using a cashpoint your available amount will be different to your balance by about 拢9 or so, obviously because 拢5 notes do not go through cashpoints and obviously because of the change.
My bank (lloyds) currently has my available amount 拢70 off my balance.. theres nothing to worry about though, if you wish to withdraw it all/part of the unavailable amount, go into the branch and you can withdraw :)|||It usually happens if you have bought something by card or online. It usually means that you owe someone 拢30, and so you cannot spend the 拢30 that you owe. If you have not purchased anything then you should contact Natwest and they should sort it out.|||Maybe your cheques havent cleared yet|||a cheque has been paid in but not cleared yet
I'm not concerned of theft or fraud I just don't know why it does this.|||It means that you probably made a payment, either direct debit or standing order which hasn't gone out yet but has been accounted for, or you have an outstanding debit card payment which has been authorised but not yet collected from your account|||The available amount is the amount of money the banks computer says you can use.
The balance is the difference between credits (deposits) and checks (debits).
Pending credits and debts are those that have not been posted to your account yet.
They will change the available amount after they post to your account.
When all debits have been posted to your account,the balance and amount available should be the same.|||Sometimes its because you may have ordered something online, paid for it, but it hasnt been cleared into the other account ?
Also when using a cashpoint your available amount will be different to your balance by about 拢9 or so, obviously because 拢5 notes do not go through cashpoints and obviously because of the change.
My bank (lloyds) currently has my available amount 拢70 off my balance.. theres nothing to worry about though, if you wish to withdraw it all/part of the unavailable amount, go into the branch and you can withdraw :)|||It usually happens if you have bought something by card or online. It usually means that you owe someone 拢30, and so you cannot spend the 拢30 that you owe. If you have not purchased anything then you should contact Natwest and they should sort it out.|||Maybe your cheques havent cleared yet|||a cheque has been paid in but not cleared yet
How to increase 'available balance'?
I know banks only let you take out a certain amount each day, but my bank has said my 'available balance' is 拢7 for the last 3 days.
I have more money in my account than that. I need to buy a new laptop wire and its pissing me off.|||It's possible that a check you deposited is still in your presentments, waiting to be posted to your account. Therefore unavailable because it hasn't cleared. To increase the available balance you would need to deposit cash because that is available right away. In addition if you are sure that the check you deposited will clear, and you are buying this item with your debit card, they should both come in on your account, and even if the checks not in your available you will not be charged an overdraft fee with it. Because your current ledger balance is still positive.
But if it has been 3 days and this check hasn't cleared it's possible it could bounce and then you're stuck being overdrawn because of the purchase. Try calling the bank and asking what's up, they can tell you right there what's happening.
I have more money in my account than that. I need to buy a new laptop wire and its pissing me off.|||It's possible that a check you deposited is still in your presentments, waiting to be posted to your account. Therefore unavailable because it hasn't cleared. To increase the available balance you would need to deposit cash because that is available right away. In addition if you are sure that the check you deposited will clear, and you are buying this item with your debit card, they should both come in on your account, and even if the checks not in your available you will not be charged an overdraft fee with it. Because your current ledger balance is still positive.
But if it has been 3 days and this check hasn't cleared it's possible it could bounce and then you're stuck being overdrawn because of the purchase. Try calling the bank and asking what's up, they can tell you right there what's happening.
What is difference between MOD balance and available balance ? ?
When i check balance through sbi atm counter i find this. Can you help ?|||It is fMulti Option Deposit facility account. In other Banks such facility is known as sweep account. As per this scheme the excess amount in the savings bank account will be transferred to fixed deposit account and the account holder will get more rate of interest. If the Bank receives cheque in this account and the balance is not sufficient, the amount will be transferred from deposit account to savings bank account to pass the cheque.
How long does it take for a deposited check to show up in your available balance?
depends on the amount of the check, the bank, and how far away the other bank is. for non-local checks over $2500 my bank takes 5 business days. Otherwise, it's generally the next day.|||Most banks post transactions at midnight..so by tomorrow it should be available
|||it depends on the bank and the amount of the check some banks have up to a 3 day waiting period on checks to make sure there is enough money in the account the check is written on to cash it before they credit it to your account|||when ever u put money in the bank its there instant so u can pull money out asap and it will show up on the next business day
|||it depends on the bank and the amount of the check some banks have up to a 3 day waiting period on checks to make sure there is enough money in the account the check is written on to cash it before they credit it to your account|||when ever u put money in the bank its there instant so u can pull money out asap and it will show up on the next business day
What does available balance mean on an account balance slip.?
Today, I deposited $1845 in cash and $165 in checks. Does the account balence include those checks that haven't been cleared yet?|||Available balance EXCLUDES portions of checks that have not cleared.
http://en.wikipedia.org/wiki/Regulation_鈥?/a>|||Please do not go by available balance.
Go by CLEARED or COLLECTED balance.
Banks made 44 billion last year from people that overdrew their accounts.
Call the banks 800 automated number, or check your CLEARED balance online.
/|||Available balance is money that's in your account accessible to you. This does not include money that's been deposited but has not cleared or verified.|||It means that's how much money is available.|||no, you do not have access to the checks until they clear.
http://en.wikipedia.org/wiki/Regulation_鈥?/a>|||Please do not go by available balance.
Go by CLEARED or COLLECTED balance.
Banks made 44 billion last year from people that overdrew their accounts.
Call the banks 800 automated number, or check your CLEARED balance online.
/|||Available balance is money that's in your account accessible to you. This does not include money that's been deposited but has not cleared or verified.|||It means that's how much money is available.|||no, you do not have access to the checks until they clear.
My current balance in my checking account is low, but my available balance is high, which one do i use?
Should i make payments based on the current or available? i dont want to overcharge my card because my current is too low but it fits my availble.|||Are you sure you worded your question correctly? Oftentimes after making a deposit to your account your current balance will show your account balance INCLUDING the deposit (which means that your current balance would be "high") but your available balance would show the balance in your account BEFORE the deposit (which would be "low"). The reason for this is that when you make a deposit to your account by check, your bank does not make the deposited funds available to you for several days while it waits for the deposited check to clear the issuing bank.|||I always go with the available balance, however it doesn't make sense why one is higher than the other. Call your bank first to see what is going on with your checking account before you spend any money though to be sure.|||Do you have a line of credit on your checking account?
That would explain your low current balance....the money you actually have. The available balance would be the money you actually have plus your line of credit.
Hope this helps ":-)
That would explain your low current balance....the money you actually have. The available balance would be the money you actually have plus your line of credit.
Hope this helps ":-)
Difference between CREDIT CARD BALANCE and AVAILABLE CREDIT balance?
What is the difference b/w the two???
Sayif I have a credit card balance of 75.00 and my available balance is 500.00, does this mean I have 75 in my acct. or 500???|||You have about $415 available credit. You should be aware that interest and late fees are added to your balance BEFORE your payment is recorded. So if you are close to your $500 limit, you could incur an over limit fee on top of the other fees.
So with a $500 limit, and a $75 credit balance, you have about $415 available credit depending upon your interest rate.|||The max that you can charge is $500..you have already charged $75. So the difference between 500 and 75 is what you have left to charge.|||You don't have anything in a credit card account. The $75 is how much you currently owe them. The $500 is how much you can charge before they start declining your card.
Sayif I have a credit card balance of 75.00 and my available balance is 500.00, does this mean I have 75 in my acct. or 500???|||You have about $415 available credit. You should be aware that interest and late fees are added to your balance BEFORE your payment is recorded. So if you are close to your $500 limit, you could incur an over limit fee on top of the other fees.
So with a $500 limit, and a $75 credit balance, you have about $415 available credit depending upon your interest rate.|||The max that you can charge is $500..you have already charged $75. So the difference between 500 and 75 is what you have left to charge.|||You don't have anything in a credit card account. The $75 is how much you currently owe them. The $500 is how much you can charge before they start declining your card.
Monday, December 12, 2011
Why do I have an outstanding balance with available credit being more?
I made a balance transfer from a sears card with high interest rates to another credit card with a much better % rate. My statement shows:
ledger balance of - 2481.53 (minus)
Outstanding balance -2481.53 (minus)
Available credit 4370.00
Why do I have an outstanding balance of negative 2481.53 and my available credit at positive 4370.00?|||You should call Sears - looks like someone goofed when doing your transfer.|||It may still be in transition or pending a complete transaction or approval...Call them
ledger balance of - 2481.53 (minus)
Outstanding balance -2481.53 (minus)
Available credit 4370.00
Why do I have an outstanding balance of negative 2481.53 and my available credit at positive 4370.00?|||You should call Sears - looks like someone goofed when doing your transfer.|||It may still be in transition or pending a complete transaction or approval...Call them
I have an available balance, but can i use that money?
I have bank of america and i have money in the bank that i transfered from my savings to my checking account, and the transfer from the savings account to the checking is still pending, but on the main screen it says i have an available balance of the money i had deposited. So can i use the money, i tranferred the money yesterday|||Yes you can, the pending will come off Monday night when it officially posts.
Which Balance in my bank is the total amount of $ available ?
When I use my online banking and what not, I am displayed two amounts.
Available and Balance.
Available is $29.60. But the Balance is $34.60.
How much money do I have ?|||available is what you have to spend, never go by the balance|||You only have the available balance. This reflects pending transactions that have not posted -- but only those pending transactions that the bank has received. You could have additional outstanding transactions that have not hit the bank yet and actually have much less available.
You should keep a separate check register to track all your transactions and not rely on the bank.|||Are you required to maintain a $5 balance in your account at all times? If so, that's what that means. You have $34.60 but you can only spend $29.60 of that.|||The available of 29.60. Apparently there is pending payment they have already deducted the amount of, but haven't paid out yet.
Available and Balance.
Available is $29.60. But the Balance is $34.60.
How much money do I have ?|||available is what you have to spend, never go by the balance|||You only have the available balance. This reflects pending transactions that have not posted -- but only those pending transactions that the bank has received. You could have additional outstanding transactions that have not hit the bank yet and actually have much less available.
You should keep a separate check register to track all your transactions and not rely on the bank.|||Are you required to maintain a $5 balance in your account at all times? If so, that's what that means. You have $34.60 but you can only spend $29.60 of that.|||The available of 29.60. Apparently there is pending payment they have already deducted the amount of, but haven't paid out yet.
Whats the difference between acount balance and available balance?
Account balance is the total balance in the account. Available balance is what you can withdraw at this time. If you have just deposited a $500 check the account balance may be $1,000, but the available balance $500 because the bank will not release the funds for the deposited check until it clears the writer's account.|||If you deposit a large check into your checking account the bank will put a hold on the deposit, and give you $100. immediately. So your available is what you can take right then, the rest is what will be available when everything settles.|||Account Balance is the total amount of money in your account.
Available Balance is the amount your allowed to withdraw that day.
For example, if account balance is 0$ and you just deposited a check for $300, your bank might hold $200 of it until the cheque clears. So your Account Balance would be $300, but your Available Balance would be $100.|||the account ballance may include such things as uncleared checks and amounts secured on debit cards. the available ballance is what is yours with no posible other claims on it (unless you have written checks that have not been cashed as yet
Available Balance is the amount your allowed to withdraw that day.
For example, if account balance is 0$ and you just deposited a check for $300, your bank might hold $200 of it until the cheque clears. So your Account Balance would be $300, but your Available Balance would be $100.|||the account ballance may include such things as uncleared checks and amounts secured on debit cards. the available ballance is what is yours with no posible other claims on it (unless you have written checks that have not been cashed as yet
What happens if I have zero available balance on my credit card and write a $3 tip for the delivery person?
When I sign the receipt?|||Makes you a real loser! The driver will get nothing but thank god you will get a service fee! What a turdy thing to do!|||You will go over the limit later that night when the manager enters the tips on the credit card machine.
You can't be charged a over-balance fee anymore with the banking reform that took place a few months ago, but going over your card limit will lower your credit score.|||that $3 tip may turn into a $33 over the limit fee, which you will have to pay in addition to the min payment to get you back under the limit - actually have to pay more than that, because if next months' interest pushes you over the limit again, then you get whacked with another over-limit charge|||It's going to cost you over the limit fees. Spending without a plan and running up debts has spawned an entire industry
You can't be charged a over-balance fee anymore with the banking reform that took place a few months ago, but going over your card limit will lower your credit score.|||that $3 tip may turn into a $33 over the limit fee, which you will have to pay in addition to the min payment to get you back under the limit - actually have to pay more than that, because if next months' interest pushes you over the limit again, then you get whacked with another over-limit charge|||It's going to cost you over the limit fees. Spending without a plan and running up debts has spawned an entire industry
What is ledger and available balance?
My ledger balance is lower than my available balance, My first direct deposit just came in .. but isnt my ledger suppose to be higher than my available balance?|||You're probably looking at the Current ledger balance. Your direct deposit right now is probably in your presentments waiting to be posted to your account. Since it is a direct deposit though, your memo available balance as well as your memo ledger balance should show that amount. When it is posted to your account the Current ledger will show it. Your memo ledger balance should always be the same or higher than your memo available though.
What is the difference between you current balance and your available balance?
Your current balance includes uncleared cheques (if any); while available balance shows withdrawable amount including min. balance to be maintained.|||I can not believe you do not know the difference between current and available..... There are several forms of dictionaries one has access to... My favorite is Encarta..... Learn, learn, learn and you will get much smarter... Look things up for yourself and you will always remember them....|||your current balance is what you owe as of the billing date, your available balance is how much more you can charge before hitting your limit.|||Steve D gave the answer for a credit card. But there's a different set of definitions for a bank account. Funds deposited in a bank account are not available immediately. So if you had $1000 in the bank and deposited another $500, at that point you would have a current balance of $1500 but for the next three or four days you'd have an available balance of only $1000.
How is my ledger balance so much more than available balance?
I just walked down to the petrol station to check my balance. I have 480拢 of ledger balance - however I only can draw out 225拢. I put in a 150拢 check a couple of days back and spent around 110拢 last night on watercooling supplies. That is all the money I expect to be coming out :-/ My only theory is the cash point didn't have enough to supply or?
Cheers guys|||That sounds like they are waiting on the 150拢 to be transferred into you account. It should be available in a few days.
Cheers guys|||That sounds like they are waiting on the 150拢 to be transferred into you account. It should be available in a few days.
Whats the difference between your ledger balance and your available balance?
Yes, your ledger balance includes only things that have cleared the bank, HOWEVER, usually, your available balance is higher than your ledger balance.
This is because if you have overdraft protection, up to a certain amount (usually agreed upon when you open the account), the available balance is higher than what you actually have in your account. Be aware though, this doesn't mean you can just go spend it, it just means you have coverage for it. There are usually extra fees involved if you have checks that don't clear - from your bank AND from the place you wrote the check. All banks are different, some will allow 1-2 of these per month!
This is the bank's coverage for it until your paycheck comes in or to prevent the extra charges you also have from the grocery store or whatever establishment the "hot" check is written to.
Example: If I have $300 overdraft protection, then my ledger balance may be $700, but my available amount is listed as $1000.
Other reasons for the balances to be different -- or the available balance to be LOWER, is if you deposit a check late in the day, that money may not be available for withdrawal until the next business day.
Example: I deposit my paycheck of $200 into my account which already has $500 in it. My available balance is $500, not the ledger balance of $700. The money isn't "officially" there yet.
In this day and age, though, checks and credits/debits are clearing much faster than years ago, when you could write a check on Friday and hope it doesn't clear until the following Tuesday.|||Ledger balance reflects posted transactions. Available balance is the ledger balance minus pending transactions.|||Your ledger balance in a bank account shows money that you have in your account + any pending invoices that have yet to go through.
Your available balance has taken out all pending transactions (or added pending deposits) for you.
For example:
If I had 100.00 in my account, and I wrote someone a check for 5.90 that was pending my account would look like this:
Ledger Balance: $100.00
Available Balance: $94.60|||A bank will only allow you to withdraw a certain
amount of money every 24 hours. Some allow
you to withdraw $400, others as much as $100
more than that.
But your "available balance" reflects how much
you may withdraw at any point of time in any
month; pending checks are going to affect what
your available balance is.
Contrastly, your "ledger balance"--if you're doing
a responsible job of keeping it accurate, by
deducting checks before they clear--should be
less than your bank's recorded balance, when
any checks (even for as little as 1 cent) are still
pending.
And when no checks are pending, then your
bank's balance and your ledger balance should
coincide, exactly.|||ledger is the actual balance, available is what you can use. You may have a dopsit that is being held, or a check waiting to clear that will hold up a certain amount of money in your ledger balance.|||Ledger Balance
Balance as of the previous business day reflects all funds in your account, including deposit, withdrawal and other transactions that were posted to your account through the previous business day.
Important Note: This balance does not include unposted transactions such as direct deposit, pending transactions, deposited funds being held or Bank holds (see “available balance”).
--------------------------------------…
Available Balance
Available Balance reflects funds in your account available for immediate use. Your available balance is your balance as of the previous business day’s processing, plus or minus any pending transactions, direct deposits that have not posted, or Bank holds (i.e. Deposited funds being held for verification).|||Your ledger balance is the amount availible BEFORE your pending transactions post. Your Avail. balance is how much you have AFTER your pending transactions post. In other words, you should always go off of your Avail. Balance, not your ledger balance.|||Your available balance usually refers to what you have in your checking account after checks/charges have been posted for that day. The ledger balance is an accounting term. A ledger is a system of keeping track of everything that goes on in your business. The ledger balance adds up all the credits and debits. The debits and credits are ALWAYS equal. The ledger balance is also where your business/personal account stands at a specific time, mostly the end of a month.|||Ledger balance includes those items that have not yet posted to your account.|||Ledger is previous day's balance, and available is just that.|||Your ledger balance is your actually balance. It takes into account checks deposited that have not cleared and purchases on you check card that have no gone through. Your available balance is what you are able to withdrawal
This is because if you have overdraft protection, up to a certain amount (usually agreed upon when you open the account), the available balance is higher than what you actually have in your account. Be aware though, this doesn't mean you can just go spend it, it just means you have coverage for it. There are usually extra fees involved if you have checks that don't clear - from your bank AND from the place you wrote the check. All banks are different, some will allow 1-2 of these per month!
This is the bank's coverage for it until your paycheck comes in or to prevent the extra charges you also have from the grocery store or whatever establishment the "hot" check is written to.
Example: If I have $300 overdraft protection, then my ledger balance may be $700, but my available amount is listed as $1000.
Other reasons for the balances to be different -- or the available balance to be LOWER, is if you deposit a check late in the day, that money may not be available for withdrawal until the next business day.
Example: I deposit my paycheck of $200 into my account which already has $500 in it. My available balance is $500, not the ledger balance of $700. The money isn't "officially" there yet.
In this day and age, though, checks and credits/debits are clearing much faster than years ago, when you could write a check on Friday and hope it doesn't clear until the following Tuesday.|||Ledger balance reflects posted transactions. Available balance is the ledger balance minus pending transactions.|||Your ledger balance in a bank account shows money that you have in your account + any pending invoices that have yet to go through.
Your available balance has taken out all pending transactions (or added pending deposits) for you.
For example:
If I had 100.00 in my account, and I wrote someone a check for 5.90 that was pending my account would look like this:
Ledger Balance: $100.00
Available Balance: $94.60|||A bank will only allow you to withdraw a certain
amount of money every 24 hours. Some allow
you to withdraw $400, others as much as $100
more than that.
But your "available balance" reflects how much
you may withdraw at any point of time in any
month; pending checks are going to affect what
your available balance is.
Contrastly, your "ledger balance"--if you're doing
a responsible job of keeping it accurate, by
deducting checks before they clear--should be
less than your bank's recorded balance, when
any checks (even for as little as 1 cent) are still
pending.
And when no checks are pending, then your
bank's balance and your ledger balance should
coincide, exactly.|||ledger is the actual balance, available is what you can use. You may have a dopsit that is being held, or a check waiting to clear that will hold up a certain amount of money in your ledger balance.|||Ledger Balance
Balance as of the previous business day reflects all funds in your account, including deposit, withdrawal and other transactions that were posted to your account through the previous business day.
Important Note: This balance does not include unposted transactions such as direct deposit, pending transactions, deposited funds being held or Bank holds (see “available balance”).
--------------------------------------…
Available Balance
Available Balance reflects funds in your account available for immediate use. Your available balance is your balance as of the previous business day’s processing, plus or minus any pending transactions, direct deposits that have not posted, or Bank holds (i.e. Deposited funds being held for verification).|||Your ledger balance is the amount availible BEFORE your pending transactions post. Your Avail. balance is how much you have AFTER your pending transactions post. In other words, you should always go off of your Avail. Balance, not your ledger balance.|||Your available balance usually refers to what you have in your checking account after checks/charges have been posted for that day. The ledger balance is an accounting term. A ledger is a system of keeping track of everything that goes on in your business. The ledger balance adds up all the credits and debits. The debits and credits are ALWAYS equal. The ledger balance is also where your business/personal account stands at a specific time, mostly the end of a month.|||Ledger balance includes those items that have not yet posted to your account.|||Ledger is previous day's balance, and available is just that.|||Your ledger balance is your actually balance. It takes into account checks deposited that have not cleared and purchases on you check card that have no gone through. Your available balance is what you are able to withdrawal
How long does it take for cash deposited in an ATM to appear in the Funds available balance?
I thought it would be instantly, or near instantly|||it depends on how close the local headquarters are to that ATM machine. when i was in college, i deposited money in my ATM and it took about 3-5 business days because that money had to be sent to a branch that was about 50 miles away.|||Depends upon the particular bank and the particular ATM, but it usually gets credited at the end of the next business day, or perhaps the day after that. It often shows up online as some sort of "pending" transaction right away, but doesn't actually get credited until later.
This will depend greatly upon the particular bank you are using, what time of day you made the deposit, and whether it was a business day.
However, all that being said, are you really depositing cash in an ATM? I thought most banks don't want you to deposit cash in an ATM. Even if your bank allows it, it is risky. If something goes wrong and the deposit is lost or even stolen, since it is cash you will have no way to prove to the bank that you really put cash in that envelope. You would probably lose your deposit in that case. (Otherwise, anyone could deposit an empty envelope and then claim that they put cash into it.)|||it just depends on your bank. and if you depoit the money on a saturday or sunday it's going to take longer because the bank isn't open. usually takes up to 24 hours for the money to appear|||I think 24 hours I know a check may take up to three business days
This will depend greatly upon the particular bank you are using, what time of day you made the deposit, and whether it was a business day.
However, all that being said, are you really depositing cash in an ATM? I thought most banks don't want you to deposit cash in an ATM. Even if your bank allows it, it is risky. If something goes wrong and the deposit is lost or even stolen, since it is cash you will have no way to prove to the bank that you really put cash in that envelope. You would probably lose your deposit in that case. (Otherwise, anyone could deposit an empty envelope and then claim that they put cash into it.)|||it just depends on your bank. and if you depoit the money on a saturday or sunday it's going to take longer because the bank isn't open. usually takes up to 24 hours for the money to appear|||I think 24 hours I know a check may take up to three business days
Does an overdraft count as part of your available balance?
I've opened a student account but not really sure of how it works, if I have 拢5,000 of my own money in this account when it's opened and they've agree to give me an overdraft of 拢1,500 does that count as my balance and therefore take me up to 拢6,500? Would REALLY appreciate if someone could explain how overdrafts work to me.
Thanks xoxo,|||No, your overdraft protection does not count as part of your available balance. Your available balance is the amount of the actual funds that you have in your account. Overdraft protection is merely just insurance against overdrafts. If you ever need it, it needs to be paid back to the bank (and some banks charge hefty fees).|||yes it's part of your available balance - but they are badddddddd!!!!!!|||yes, but when you start to use the over draft you will be charged. if you go over the agreed over draft it will cost you an arm and a leg|||Yes, that amount is included in your available balance but it is like a credit card(technically not your money). If you use it all one day you have to pay a minimum amount every week/month to the bank at that amount I'm guessing it's $25 or so.
I work at Compass Bank and when you come in with your weekly check and have used the overdraft you must pay a portion back, you will continue to receive notices that you have used portions of your overdraft until you have fully paid back the $1500.00|||your overdraft will not show on your balance if you have 5000in there of your money your balance will show 5000...the overdraft is there as a back up allowing you to go over by upto 1.500without having to go to bank but they will charge you if you use it.... normally expensive too so not recommended hope this helps
Thanks xoxo,|||No, your overdraft protection does not count as part of your available balance. Your available balance is the amount of the actual funds that you have in your account. Overdraft protection is merely just insurance against overdrafts. If you ever need it, it needs to be paid back to the bank (and some banks charge hefty fees).|||yes it's part of your available balance - but they are badddddddd!!!!!!|||yes, but when you start to use the over draft you will be charged. if you go over the agreed over draft it will cost you an arm and a leg|||Yes, that amount is included in your available balance but it is like a credit card(technically not your money). If you use it all one day you have to pay a minimum amount every week/month to the bank at that amount I'm guessing it's $25 or so.
I work at Compass Bank and when you come in with your weekly check and have used the overdraft you must pay a portion back, you will continue to receive notices that you have used portions of your overdraft until you have fully paid back the $1500.00|||your overdraft will not show on your balance if you have 5000in there of your money your balance will show 5000...the overdraft is there as a back up allowing you to go over by upto 1.500without having to go to bank but they will charge you if you use it.... normally expensive too so not recommended hope this helps
What is the difference between available balance and ledger balance in a checking account?
Ledgeer Balance is the Amount available in your account, where as Available balance is the cash that can withdraw from your account.|||Probably a ledger balance is what checks or charges have officially been recorded .... your balance is probably your true balance even when stuff hasn't come in yet to the bank's official record of your account.
Like if you write a check... the money is probably out of your account somewhat immediately but the ledger (not your balance) waits for it to come back from the person or company to complete the process and be put on the official record (maybe that is what they mean by ledger).|||An available balance is a "real time" reflection of the money you can access right away. A ledger balance has not taken into account debit/credit transactions that were authorized but not paid, ATM withdrawals, etc. To be safe, always go by your available balance. The ledger balance will catch up to the available balance usually within 1-2 business days. I hope this helps.|||ledger balance is your balance WITHOUT your pending transactions.... available balance is what you actually have once your pending transactions clear|||Ledger balance is what you would have if all the checks, debits and deposits were added / subtracted.
Available balance is what the bank will allow you to draw on. Sometimes deposits take a few days to post / clear on your account.|||Available balance is the amount that you can withdraw. Ledger balance is with any memo-posted deposits. Neither balance considers checks that you wrote that haven't been presented to the bank yet.
Like if you write a check... the money is probably out of your account somewhat immediately but the ledger (not your balance) waits for it to come back from the person or company to complete the process and be put on the official record (maybe that is what they mean by ledger).|||An available balance is a "real time" reflection of the money you can access right away. A ledger balance has not taken into account debit/credit transactions that were authorized but not paid, ATM withdrawals, etc. To be safe, always go by your available balance. The ledger balance will catch up to the available balance usually within 1-2 business days. I hope this helps.|||ledger balance is your balance WITHOUT your pending transactions.... available balance is what you actually have once your pending transactions clear|||Ledger balance is what you would have if all the checks, debits and deposits were added / subtracted.
Available balance is what the bank will allow you to draw on. Sometimes deposits take a few days to post / clear on your account.|||Available balance is the amount that you can withdraw. Ledger balance is with any memo-posted deposits. Neither balance considers checks that you wrote that haven't been presented to the bank yet.
What is the difference between the current balance and the available balance on my green dot card?
How much money can i use right now?|||Current balance-how much money you have on the card.
Available balance-how much they will allow you to spend at this moment.
These to amounts can vary if there are pending debits (purchases) or credits (deposits) to your card.
Available balance-how much they will allow you to spend at this moment.
These to amounts can vary if there are pending debits (purchases) or credits (deposits) to your card.
Available and Pending balance in Bank Account?
My Available balance is almost $100 more then my pending...is this bad?|||It's only bad if you haven't made any purchases totalling about $100 lately, or if your available balance goes negative.
Your available balance includes purchases that haven't posted yet, so you know that you can't spend that money because it's already been spent.|||Typically your running Ledger should match your available balance. There are exceptions however. If this is account is also tied to a Check/Debit card, there may be authorizations on hold from companies who have asked for an authorization on your card, but not collect any funds. This happens almost everywhere from Gas Stations to Hotels. Hope that helps!|||If you deposit a check, only $100 of the check is available immediately. The rest is held by the bank for several days so the check can clear. So your available balance is less than your actual balance.
Your available balance includes purchases that haven't posted yet, so you know that you can't spend that money because it's already been spent.|||Typically your running Ledger should match your available balance. There are exceptions however. If this is account is also tied to a Check/Debit card, there may be authorizations on hold from companies who have asked for an authorization on your card, but not collect any funds. This happens almost everywhere from Gas Stations to Hotels. Hope that helps!|||If you deposit a check, only $100 of the check is available immediately. The rest is held by the bank for several days so the check can clear. So your available balance is less than your actual balance.
When can the check I deposit in my bank account show as my available balance?
I deposit my check in a ATM machine on Saturday and after 3 days I still can't access that amount of money. On the reciept the machine printed out says deposits performed at this ATM after 11pm will be consider deposited on the next business day. Does that mean I still have to wait?|||Nobody on here can answer that. You need to check with YOUR bank. Each bank has a different policy and processing times.
On my visa prepaid card how can i get my $29.00 from my available balance to my current balance?
On my visa prepaid card how can i get my $29.00 from my available balance to my current balance? this card is activated and avrything|||You would have to call the # on the back of the card. If the $29 is showing as an available balance, you can use the card.
Can I still use my credit card if my available balance is negative?
Hey everyone, my credit limit is 500$. But right now it's -54$. Is that why I can't use it? Or did they lock it, just incase it was fraud?|||They've already earned their nice $39 over the limit fee.
There is no need for them to allow you to continue using the card since they can only charge one over the limit fee / month.
Stop and think of what you have just done to your credit rating for a second.
This will stay on your report for the next 2 years.
Employers, car insurances, and landords all look at credit ratings.
Anytime you use more than 25% of your available credit limit your score starts going down.
When using more than 75% of your limit you are devastating your credit reports.
40% of the US population pay their credit cards in full each month.
Surprisingly these are the people with the best ratings.
Stop abusing yourself and your chances of gaining good employment.
Put the credit card away if you can't pay in full each month.
Paying interest not only ruins your finances - it can ruin lives.
/|||because you are over your limit|||your credit limit is 500$ you used your 500$ + 54$ more so you cant use more.
Check your statement with your bank to check if there were any unauthorized transactions|||You already used it more than allowed. You used $554. You went over the limit. You are not allowed to use it anymore, and you are going to be charged a fee for going over the limit.|||If you're over your limit, they won't let you charge any more until you pay it down below the limit. And they will charge you a fee for going over the limit, too.|||You've already gone over the limit, will be charged an over the limit fee, and the bank will likely also raise your interest rate.
Doing things like that doesn't help your credit score especially when you are trying to establish credit.
There is no need for them to allow you to continue using the card since they can only charge one over the limit fee / month.
Stop and think of what you have just done to your credit rating for a second.
This will stay on your report for the next 2 years.
Employers, car insurances, and landords all look at credit ratings.
Anytime you use more than 25% of your available credit limit your score starts going down.
When using more than 75% of your limit you are devastating your credit reports.
40% of the US population pay their credit cards in full each month.
Surprisingly these are the people with the best ratings.
Stop abusing yourself and your chances of gaining good employment.
Put the credit card away if you can't pay in full each month.
Paying interest not only ruins your finances - it can ruin lives.
/|||because you are over your limit|||your credit limit is 500$ you used your 500$ + 54$ more so you cant use more.
Check your statement with your bank to check if there were any unauthorized transactions|||You already used it more than allowed. You used $554. You went over the limit. You are not allowed to use it anymore, and you are going to be charged a fee for going over the limit.|||If you're over your limit, they won't let you charge any more until you pay it down below the limit. And they will charge you a fee for going over the limit, too.|||You've already gone over the limit, will be charged an over the limit fee, and the bank will likely also raise your interest rate.
Doing things like that doesn't help your credit score especially when you are trying to establish credit.
What is the difference between an Available Balance and a Bank Balance in a checking account?
Available balance means: Money you can spend
Bank Balance means: What the bank currently shows as your balance, but checks or deposits may have not cleared.|||bank balance minus checks written and deposits not posted gives you available balance!!!!|||available is what they will let u take out like cash deposited. that clears right through. checks from other states countries etc take about 3 days. money orders sane thing cashiers checks same thing same thing with checks from a credit union. the only thing as avail. is usually cash walked into a bank and deposited with a teller, if it's before 3. after that it is considered nbd, the nest business day. if u use an atm even if its cash u can deposit 1000.00 it will only let u take out 100.00. unless u already have a balance previous to the deposit thay u just made. purchases r different then withdrawals. its usually a set amount in ts stated depending on how much u want your limit set or they usually set one up for u. i think they go by how much u usually have as a balance generally. they kinda eye ball it. if u have direct deposit every week thay usually give u more leed way then some one who keeps a balance of like 20 bucks or so becouse they know u r good for because that check is coming in at the end of the week. i worked in the bank for 14 yrs. about ten yrs ago. but things always change.
Bank Balance means: What the bank currently shows as your balance, but checks or deposits may have not cleared.|||bank balance minus checks written and deposits not posted gives you available balance!!!!|||available is what they will let u take out like cash deposited. that clears right through. checks from other states countries etc take about 3 days. money orders sane thing cashiers checks same thing same thing with checks from a credit union. the only thing as avail. is usually cash walked into a bank and deposited with a teller, if it's before 3. after that it is considered nbd, the nest business day. if u use an atm even if its cash u can deposit 1000.00 it will only let u take out 100.00. unless u already have a balance previous to the deposit thay u just made. purchases r different then withdrawals. its usually a set amount in ts stated depending on how much u want your limit set or they usually set one up for u. i think they go by how much u usually have as a balance generally. they kinda eye ball it. if u have direct deposit every week thay usually give u more leed way then some one who keeps a balance of like 20 bucks or so becouse they know u r good for because that check is coming in at the end of the week. i worked in the bank for 14 yrs. about ten yrs ago. but things always change.
What is the difference between available balance and available credit on a credit card?
balance is how much you owe...credit is how much is left to spend on the card.|||balance is what you have to pay credit is how much you have to spend
So foodstamp ebt card said online that the balance available now is $160 so i want to fresh and easy?
and spent the foodstamps, i got back home and checked the balance online again at www.ebtaccount.jpmorgan.com and the balance still says available now $160 whats the problem?|||The charge just hasn't posted yet. It'll catch up.
Could you explain difference between available and current balance?
My checking account says Balance: 103.00, Available: 54.00
My savings says balance: 220, available: 200.
What does that mean? Do I only have what's available? Why would my bank mislead me into thinking I have more than what's available. I did go a little crazy 'cause I got my first debit card so what does this mean? (My checking is tied to my debit) So do I only have 54 bucks on the card?
Thanks!|||You have $54 in the checking account.
Your balance is $54.
Your available balance is $54.
You deposit a $49 check.
Your new balance is $103.
Your available balance (the amount the bank will let you withdraw)
is still $54 because that check hasn't cleared yet.
When the check clears (when your bank actually receives the
money for the check) your available balance will be $103.
.|||Basically it means that there are charges that have not posted, but the bank is letting you know what you have available based on the difference of what you have against what has not posted.
I would get a check book ledger to keep track of your finances.
You only have $54 available at this time.
My savings says balance: 220, available: 200.
What does that mean? Do I only have what's available? Why would my bank mislead me into thinking I have more than what's available. I did go a little crazy 'cause I got my first debit card so what does this mean? (My checking is tied to my debit) So do I only have 54 bucks on the card?
Thanks!|||You have $54 in the checking account.
Your balance is $54.
Your available balance is $54.
You deposit a $49 check.
Your new balance is $103.
Your available balance (the amount the bank will let you withdraw)
is still $54 because that check hasn't cleared yet.
When the check clears (when your bank actually receives the
money for the check) your available balance will be $103.
.|||Basically it means that there are charges that have not posted, but the bank is letting you know what you have available based on the difference of what you have against what has not posted.
I would get a check book ledger to keep track of your finances.
You only have $54 available at this time.
What's the difference between the current balance and the available balance on credit card?
current balance what you have chaged since the last billing period
abalable balace -- how much more you can charge before you hit your limit!!!!|||The current balance is what you owe. The available balance is how much credit you have left to spend. For example, it your CC statement says you have a $300 current balance and a $700 available balance it means you owe $300, and you have $700 left worht of credit to spend.|||The current balance is what you have on your card. The available balance is the amount you can use. For example if you have a $1000 limit and your current balance is $500 and your available balance is $200 this means that you may have purchased something for $300 but it hasn't come out of your account yet
abalable balace -- how much more you can charge before you hit your limit!!!!|||The current balance is what you owe. The available balance is how much credit you have left to spend. For example, it your CC statement says you have a $300 current balance and a $700 available balance it means you owe $300, and you have $700 left worht of credit to spend.|||The current balance is what you have on your card. The available balance is the amount you can use. For example if you have a $1000 limit and your current balance is $500 and your available balance is $200 this means that you may have purchased something for $300 but it hasn't come out of your account yet
What's the difference between account balance and available funds?
i'm a little bit confused about the difference between account balance and available funds in my Commonwealth netbanking
account balance: $213.41
available funds : $152.67|||Your balance is the total amount currently in the account but the available funds is the amount you can access (withdraw). Likely there is an item being deposited or withdrawn that represents the difference between the two...either a check is coming in that the bank won't let you take money out against yet or a check or other charge is being processed for which your bank has already reserved the money to pay. You should contact your bank for account details to see what is pending.
account balance: $213.41
available funds : $152.67|||Your balance is the total amount currently in the account but the available funds is the amount you can access (withdraw). Likely there is an item being deposited or withdrawn that represents the difference between the two...either a check is coming in that the bank won't let you take money out against yet or a check or other charge is being processed for which your bank has already reserved the money to pay. You should contact your bank for account details to see what is pending.
I deposited a check thursday and at midnight the check hit my ledger balance but not my available balance?
When will it be available?|||Typically 2 to 7 business days after deposit. See Regulation CC or ask the bank teller for an explanation.
http://en.wikipedia.org/wiki/Expedited_F鈥?/a>|||Most likely not till Monday. If you deposit a check after hours it takes two business days. Some banks will count Saturday as a business day but usually its Monday.|||your ledger displays funds that have not yet been cleared but are pending. it usually takes a day for it to process. tomorrow your available bal and ledger will be even|||My bank takes about a full week.
http://en.wikipedia.org/wiki/Expedited_F鈥?/a>|||Most likely not till Monday. If you deposit a check after hours it takes two business days. Some banks will count Saturday as a business day but usually its Monday.|||your ledger displays funds that have not yet been cleared but are pending. it usually takes a day for it to process. tomorrow your available bal and ledger will be even|||My bank takes about a full week.
What does posted/available balance mean?
I obviously know what the available balance is.. but this is what my bank statement says:
Posted Balance 12/14/2007 : $889.70 *
Available Balance as of 12/15/2007 : $829.84 **
What is the difference in those two?|||Banks used to refer to this as debits or credits in transit and it shows up much more now with online banking visibility.
If I deposit a check to my bank account, it shows up as a deposit, but the funds may not be available until the check clears and the bank knows the funds are good. So, if I had a $500 balance before and then deposited the check for, let's say, $200, it might look like this:
Posted balance: $700
Available balance: $500
This also happens when you use a credit or debit card and pay for something that has a reserve or hold amount associated with it. For example, renting a car, reserving a hotel room. Until you return the car or check out and they make sure there is no damage, they hold a version of a "security deposit" against your account. That would cause a difference as well.|||As the last answer said you may have open Debit transactions. Alternately, you may have deposited a check recently and the banks have a few days of "float" during which they basically "use" the money you have deposited into the bank, but it is not yet available to you. Did you deposit a check for $59.84? If not, then its likely the debit card.
Hope this helps.|||You have outstanding Debit Card transactions, they take away from your availabel balance, but have not yet posted to your bank.
Posted Balance 12/14/2007 : $889.70 *
Available Balance as of 12/15/2007 : $829.84 **
What is the difference in those two?|||Banks used to refer to this as debits or credits in transit and it shows up much more now with online banking visibility.
If I deposit a check to my bank account, it shows up as a deposit, but the funds may not be available until the check clears and the bank knows the funds are good. So, if I had a $500 balance before and then deposited the check for, let's say, $200, it might look like this:
Posted balance: $700
Available balance: $500
This also happens when you use a credit or debit card and pay for something that has a reserve or hold amount associated with it. For example, renting a car, reserving a hotel room. Until you return the car or check out and they make sure there is no damage, they hold a version of a "security deposit" against your account. That would cause a difference as well.|||As the last answer said you may have open Debit transactions. Alternately, you may have deposited a check recently and the banks have a few days of "float" during which they basically "use" the money you have deposited into the bank, but it is not yet available to you. Did you deposit a check for $59.84? If not, then its likely the debit card.
Hope this helps.|||You have outstanding Debit Card transactions, they take away from your availabel balance, but have not yet posted to your bank.
What is the difference between current balance and available balance?
i looked into my new account i saw current balance=5660 and available balance=0. I deposited rs 5660 yesterday in my account(salary account).|||Current balance is how much money is in your account. Available balance is how much you can withdraw from your account. Because your deposit hasn't cleared yet, it is not available for withdrawal.|||The other posters are spot-on.
Current Balance - the total amount deposited into your account.
Available balance - the total amount of funds that have cleared in your account.
Most banks will auto clear up to a certain $ amount. for instance US bank, will auto clear checks under $100, after that it is cleared in tiers taking up to 5 business days.
This is basically done to protect the bank from both sides.
1. fraudulent deposits
3. insufficient funds from the payor
if you deposited your payroll check into this account, i would recommend signing up for direct deposit. you get your money (typically) faster and since it's deposited electronically, it's also auto-verified and fully available upon receipt.|||The current balance is what the bank has received although it has not cleared the central banking so they can't give you access to the funds as yet, thus the money is not available to be withdrawn and zero becomes the 'available' to take money.|||It most likely means that the deposit is pending verification and until the deposit is verified and money actually transferred, you do not have access to the money.|||Apparently your check has not had time to clear.
Did your deposit slip indicate a waiting/holding period or a day the funds would be released? If it is an out of state check, some banks put a five day on the money.|||Current Balance is the money that you have and available balance is how much you can take out.|||The money hasn't cleared yet. As soon as it does it will be available to you.
Current Balance - the total amount deposited into your account.
Available balance - the total amount of funds that have cleared in your account.
Most banks will auto clear up to a certain $ amount. for instance US bank, will auto clear checks under $100, after that it is cleared in tiers taking up to 5 business days.
This is basically done to protect the bank from both sides.
1. fraudulent deposits
3. insufficient funds from the payor
if you deposited your payroll check into this account, i would recommend signing up for direct deposit. you get your money (typically) faster and since it's deposited electronically, it's also auto-verified and fully available upon receipt.|||The current balance is what the bank has received although it has not cleared the central banking so they can't give you access to the funds as yet, thus the money is not available to be withdrawn and zero becomes the 'available' to take money.|||It most likely means that the deposit is pending verification and until the deposit is verified and money actually transferred, you do not have access to the money.|||Apparently your check has not had time to clear.
Did your deposit slip indicate a waiting/holding period or a day the funds would be released? If it is an out of state check, some banks put a five day on the money.|||Current Balance is the money that you have and available balance is how much you can take out.|||The money hasn't cleared yet. As soon as it does it will be available to you.
What is the difference between Moderate balance and available balance ?
It is written on that atm cash memo when i withdraw cash from atm machine.|||Moderate balance= accrued balance(actual+amount of cheques in clearing)
Available balance= actual=physical balance available to withdraw|||available balance is the balance which you can withdraw any time, moderate balance means a cheque is in process not clear yet
Available balance= actual=physical balance available to withdraw|||available balance is the balance which you can withdraw any time, moderate balance means a cheque is in process not clear yet
What does is mean when my bank receipt says "available balance:restricted"?
i deposited 600$ into my checking account today. usually when i get my receipt back it says my current balance and my available balance, and lets me know how much i have...etc. but this time when i deposited the check it said "restricted" under available balance. i KNOW i have atleast 5 bucks in there. so whys it say restricted?|||Usually this means that of the $600 you deposited, they will only let you immediately access a small amount of it (typically $100) and they restrict access to the remaining $500 of your deposit until they are sure the check you deposited will clear.
If you go online or call their 800# it should tell you how much you can withdraw today.|||It could mean you didn't show ID when you made the deposit so you are not allowed to see the balance in the account.
If you go online or call their 800# it should tell you how much you can withdraw today.|||It could mean you didn't show ID when you made the deposit so you are not allowed to see the balance in the account.
What determines how quicky your credit card available balance will go up?
I got my credit care for to main reasons, one i have to start establishing credit and 2 i need a new laptop. Right now my limit is 500, but my computer is a little over 1,000. When will my limit go up and how can i make it faster? Im with Citibank.|||Try to open another credit card with the same bank and once you're approved, transfer a credit line from one account into another.
You can also try to call to the bank and request the credit line increase reasoning that you need to make a large purchase.
I wouldn't advise you to make a purchase using all available credit though. It will decrease you credit score dramatically. You should use no more than 30% of your available credit. If you got your first card, apply for a few more, wait 3 to 6 months and request a credit line increase. You'll be amazed how fast your credit will grow!
But for now, having 500 limit credit card you should use no more than $150 credit per month.|||they will consider raising your score after 6months
but you will need to use a small portion of the card and pay on it each month; this is to show them that you are responsible in paying your bill on time
some creditors raise your limit after 6 mths of on time payments; others wait until after 1 yr...
You can also try to call to the bank and request the credit line increase reasoning that you need to make a large purchase.
I wouldn't advise you to make a purchase using all available credit though. It will decrease you credit score dramatically. You should use no more than 30% of your available credit. If you got your first card, apply for a few more, wait 3 to 6 months and request a credit line increase. You'll be amazed how fast your credit will grow!
But for now, having 500 limit credit card you should use no more than $150 credit per month.|||they will consider raising your score after 6months
but you will need to use a small portion of the card and pay on it each month; this is to show them that you are responsible in paying your bill on time
some creditors raise your limit after 6 mths of on time payments; others wait until after 1 yr...
Can i use ach credit that is pending if its in my available balance at chase?
I received a direct deposit from my school this morning at 2 am. My bank is chase and in my available and present balance it says i have the money but in my transactions it says that it is pending. is that just because it hasnt updated yet? i need to buy something important now and i dont know if i can use it without getting charged an overdraft fee|||If the amount is less than $5K, it should be available immediately and should be not be in pending state anymore by end of day - if you can wait until then, it's better to do so. If not you are OK to go ahead and make that purchase. However, if you need an answer for sure - you can always call your chase bank and talk to a customer representative and they can help you out in minutes.
Whats the difference between balance and available balance on a debit card?
nah it a debit card with alliance and leicester|||Available balance is your actual balance minus any pending transactions or pending holds. You probably have a transaction that hasn't posted yet.|||your right usually its because you have spent money in some way, but it could also be because your bank will only allow you to use a certain amount each day. You can call and ask if you have some sort of limit on your account, or if they put a hold on it for "security reasons" they say that sometimes when they don't know why something happened. haha|||available is all that you have in there so don't go over that amount. balance is waiting on a transaction that hasn't gone through yet.pending transactions=balance while available is the true amount left to be used.|||If you called me and asked that general question, the answer would be debit card transactions outstanding or a deposit that has not been made fully available yet.
Just a question, why didn't you call your Bank?|||first of all, is it a credit card? because if it is then the balance is what you owe and available balance is what u can use or spend|||may be a check u deposited that hasnt cleared yet and isnt available or a debit card may still be on hold.
Just a question, why didn't you call your Bank?|||first of all, is it a credit card? because if it is then the balance is what you owe and available balance is what u can use or spend|||may be a check u deposited that hasnt cleared yet and isnt available or a debit card may still be on hold.
Posted balance and available balance difference?
My checking account says that I have a posted balance of $250, however it says I have an available balance of $240.69. What exactly does this mean and why did it happen? I recently charged something to my debit card on Amazon, and in the "view holds" area it shows a payment to amazon for $9.31, which would explain the lower available balance, however what i bout on amazon cost me around sixty dollars, not ten. What's going on?|||It sounds strange, but that's why banks have a "pending" or "hold" status for transactions. They've received some information, but not enough to confirm it's finalized. Assume the full amount will process in the next few days and your balance is $200 to avoid any over-the-limit fees from the bank.
What does present balance vs available balance mean?
i bank with chase and i deposited a check the other day and when it gave me a receipt it had present balance which was around 260 and available balance which was 143. it was a 300 dollar check so i'm just wondering what the hell any of that means. help is appreciated.|||If there was $0.00 in the account the present balance should read $300. So not sure on that.
But Available is the amount of money the bank will let you use of your money until they clear the check as it has to transfer from another account. It may take a day or two.|||Banks have two balances on every account. The ledger balance (present balance) and the available balance. The present balance is a simple accounting of the deposits and withdrawals made.
The available balance reflects the float on a check deposit. When you hand a teller a check the bank's system looks at the transit router of the check to see how fast it can be collected. Local checks usually get one day float. Out of area checks get 2 to 3 business days float. If your account is new or has had credit issues, the bank may add up to 10 days float (or hold) to make sure the check you deposit is collected.
Something does not sound right about the numbers you list. If you made a deposit of $300 and the present balance showed $260 AFTER the deposit your account was in overdraft. Banks often grant immediate availability of $100 on a deposit as a courtesy to customers. Some also grant immediate availability on US government checks and payroll checks.
But Available is the amount of money the bank will let you use of your money until they clear the check as it has to transfer from another account. It may take a day or two.|||Banks have two balances on every account. The ledger balance (present balance) and the available balance. The present balance is a simple accounting of the deposits and withdrawals made.
The available balance reflects the float on a check deposit. When you hand a teller a check the bank's system looks at the transit router of the check to see how fast it can be collected. Local checks usually get one day float. Out of area checks get 2 to 3 business days float. If your account is new or has had credit issues, the bank may add up to 10 days float (or hold) to make sure the check you deposit is collected.
Something does not sound right about the numbers you list. If you made a deposit of $300 and the present balance showed $260 AFTER the deposit your account was in overdraft. Banks often grant immediate availability of $100 on a deposit as a courtesy to customers. Some also grant immediate availability on US government checks and payroll checks.
My ledger balance and my available balance in my bank account are the same amount of money, is this bad?
for example:
ledger balance : $100
available balance : $100
what does this exactly mean?|||That's way good.
The ledger balance is what is sitting in your account at the moment.
The available balance is the ledger balance minus any pending transactions.
Pending transactions are purchases that have been made but have not gone through yet.
When the two are the same, you have no pending transactions.|||It means that the banks records match yours which is a good thing. you won't overdraft|||it means your book are balanced. this is a good thing|||it means you keep good books and it's a good thing.|||Sometimes it takes some time for a transaction to fully post. You might make a deposit that would show up on the ledger but not be available yet because it hasn't fully cleared.|||Good for you.|||This means all of your transactions have cleared the bank and that you have no deposits/payments pending.
Say, you purchase dinner on your debit card for $25, it may take 24 hours for that transaction to post. However, the record would still be on your account taking away from your "available" balance.
In that case:
ledger balance : $100
available balance: $75|||It is only bad if your ledger balance is zero. At my bank my availabel balance is $600 more than my ledger balance. The important figure is the available balance!
ledger balance : $100
available balance : $100
what does this exactly mean?|||That's way good.
The ledger balance is what is sitting in your account at the moment.
The available balance is the ledger balance minus any pending transactions.
Pending transactions are purchases that have been made but have not gone through yet.
When the two are the same, you have no pending transactions.|||It means that the banks records match yours which is a good thing. you won't overdraft|||it means your book are balanced. this is a good thing|||it means you keep good books and it's a good thing.|||Sometimes it takes some time for a transaction to fully post. You might make a deposit that would show up on the ledger but not be available yet because it hasn't fully cleared.|||Good for you.|||This means all of your transactions have cleared the bank and that you have no deposits/payments pending.
Say, you purchase dinner on your debit card for $25, it may take 24 hours for that transaction to post. However, the record would still be on your account taking away from your "available" balance.
In that case:
ledger balance : $100
available balance: $75|||It is only bad if your ledger balance is zero. At my bank my availabel balance is $600 more than my ledger balance. The important figure is the available balance!
What does my available balance mean?
It say's available $54.00. I can see I have pending debits. Does the available balance show what I will have after the debits have cleared my account?|||Let's say you have $100 right now in your account. However, you have three pending charges for $5, $10 and $15. Together, that would be $30 you've spent.
Your available balance is the money you have to spend NOW. It means that in this scenario you would have $70 in your "available balance."|||That is how much you have available- meaning how much that is yours available to buy things you want. pending debits are different from available balance, which available balance is what you have currently, and pending debits are already made transaction (say something you bought a day ago) that hasn't been added (or updated) to your statement yet. so as of now, you have 54 dollars available to buy what you want.
to put it simple: The money you had - pending debit = $54 available.|||available balance means money that's ready for you to spend. just to be safe if you don't have to spend money between now and the next deposit then don't.|||It shows whats available now, before anything else clears or other transactions|||No that is what your available balance is prior to the PENDING debits|||What you have left in your account will show after debits make sure enough for debit charges or interest
Your available balance is the money you have to spend NOW. It means that in this scenario you would have $70 in your "available balance."|||That is how much you have available- meaning how much that is yours available to buy things you want. pending debits are different from available balance, which available balance is what you have currently, and pending debits are already made transaction (say something you bought a day ago) that hasn't been added (or updated) to your statement yet. so as of now, you have 54 dollars available to buy what you want.
to put it simple: The money you had - pending debit = $54 available.|||available balance means money that's ready for you to spend. just to be safe if you don't have to spend money between now and the next deposit then don't.|||It shows whats available now, before anything else clears or other transactions|||No that is what your available balance is prior to the PENDING debits|||What you have left in your account will show after debits make sure enough for debit charges or interest
Is it a good idea to payoff my credit card balance even if banks will cut available balance??
Lets say i owe $1700 on a card with $2000 limit. Should I payoff the balance even if bank would then cut limit to $200 or maybe even close the account? I am paying about $20 in finance charges.
Banks have been cutting limits by 90% on my other cards or even closing accout.
So should I just keep making min payments until credit situation gets better?|||Pay them off and save your $ . You really do not need a credit card.|||Pay it off and use a debit card.|||Just pay off the debt and move on with your life. Start spending wisely and only go shopping when you have extra money in your bank account. It's hard but that's the only way you can control your finance.
Banks have been cutting limits by 90% on my other cards or even closing accout.
So should I just keep making min payments until credit situation gets better?|||Pay them off and save your $ . You really do not need a credit card.|||Pay it off and use a debit card.|||Just pay off the debt and move on with your life. Start spending wisely and only go shopping when you have extra money in your bank account. It's hard but that's the only way you can control your finance.
Whats the difference between Current balance and available balance?
Its says in my account statement:
A/C Bal: 拢980.93
Available: 拢841.65|||Do you not own a dictionary? Look up AVAILABLE.|||Based on your bank statement, there was a check deposit or fund transfer maybe on your account that was subject for clearing yet (the difference between current and available balance). Take note that your available balance was the amount that can be withdrawn by you anytime.
A/C Bal: 拢980.93
Available: 拢841.65|||Do you not own a dictionary? Look up AVAILABLE.|||Based on your bank statement, there was a check deposit or fund transfer maybe on your account that was subject for clearing yet (the difference between current and available balance). Take note that your available balance was the amount that can be withdrawn by you anytime.
What is better 2 improve credit score? Few credit accounts or many accounts with 0 balance & available credit?
I recently came into some money which allowed me to pay off my credit cards and store cards etc. So now I have lots of cards with zero balances and lots of available credit. Is this going to improve my credit rating or would it improve quicker if I close all of my accounts? Thanks!|||You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - buildcredit.ifastnet.com|||Uk answer: The credit score/rating is not so cut and dry - it varies from bank to bank as they all have different models for assessing credit, based on a combination of the information you give them as part of your application, any information they have on the conduct of your accounts with them (and this can go back far further!) and factual information on your other accounts from a credit reference agency. One piece of information that a bank will use is any savings balances - but as these are not recorded against your credit file (because they are not credit, of course) only the bank with which you have the savings relationship can see this information. What I am saying is that if you're looking to keep your credit as clean as possible because you want to get a mortgage in the future with say, The Halifax, then you might want to think about opening a decent savings account with them first, to cement your relationship with that bank and give them more to go on. If you have a regular income from work, and are good at conducting your current account, move your current account to your target mortgage bank, too.
Information from the credit reference agency can be interpreted in different ways. An active account that is paid off monthly is generally accepted to be the most positive indicator.
Store cards these days generally offer very few benefits other than when you open them, so you're probably as well closing them down. There's little point in having a lot of "dormant" zero-balance accounts - especially as more and more financial service and credit card companies start to levy dormancy fees for non-use of their card products.
You can look at the factual account information that is recorded against you on a monthly basis by getting your credit report free from Experian via http://redo.me.uk/freecreditreport|||Yea close the accounts you are not using, and keep up to scratch on Credit Card repayments that you are utilising. A credit file will show how much available credit available to you at any point in time, therefore may jeopardise your chances if applying for credit in future (i.e.Being over committed).|||credit score is made of several things. you want to pay all bills on time. its also measured by available credit . so dont close all the accounts. but there is a difference in accounts. you want to keep major credit accounts through banks . store accounts dont do much. i would drop them unless they bring some value. like rewards or discounts. i did the same thing once i got an inheritance. i used one for all purchases and paid it off every month.|||Close the store accounts. Lenders look at not just your debt but how much your credit limit is. The reasoning is if a credit card allows a 20k max you get charge 19k in goods tomorrow|||Keep a couple of your cards - from bank for example %26amp; storecard which gives points/vouchers. Use them %26amp; pay them off each month.
Information from the credit reference agency can be interpreted in different ways. An active account that is paid off monthly is generally accepted to be the most positive indicator.
Store cards these days generally offer very few benefits other than when you open them, so you're probably as well closing them down. There's little point in having a lot of "dormant" zero-balance accounts - especially as more and more financial service and credit card companies start to levy dormancy fees for non-use of their card products.
You can look at the factual account information that is recorded against you on a monthly basis by getting your credit report free from Experian via http://redo.me.uk/freecreditreport|||Yea close the accounts you are not using, and keep up to scratch on Credit Card repayments that you are utilising. A credit file will show how much available credit available to you at any point in time, therefore may jeopardise your chances if applying for credit in future (i.e.Being over committed).|||credit score is made of several things. you want to pay all bills on time. its also measured by available credit . so dont close all the accounts. but there is a difference in accounts. you want to keep major credit accounts through banks . store accounts dont do much. i would drop them unless they bring some value. like rewards or discounts. i did the same thing once i got an inheritance. i used one for all purchases and paid it off every month.|||Close the store accounts. Lenders look at not just your debt but how much your credit limit is. The reasoning is if a credit card allows a 20k max you get charge 19k in goods tomorrow|||Keep a couple of your cards - from bank for example %26amp; storecard which gives points/vouchers. Use them %26amp; pay them off each month.
How to check available credit card balance online?
Is there any way available balance of a credit card can be checked or predicted on the internet without necessarily accessing the issuing banks online banking facility - A mysterous friend of mine just told me it's pretty possible. Can anyone help?|||The only way i can do it is to sign up for internet banking and access the account that way.|||Maybe you should ask your mysterious friend.|||No its not, your mysterious friend is just a gimp|||Well, you can check the credit limit of you credit cards via credit agencies such as Experian.|||The only other way to check your available balance is by phone to the credit cards 800# listed on your card.
Difference between current balance and available balance?
It says my current checking balance is $407.41 and my current available checking balance is -$91.37. I'm confused. Can I order something online or not?
And most of my money is in my savings. Can someone explain that to me too?
Sorry, I'm a newb. :x Thank you.|||When you're asking about your checking account you're asking about your checking account and since it has nothing to do with your savings account we can't respond to that.
I've called SunTrust at least a dozen times to tell them that current and available stuff confuses people (it confuses me too) but they say that some people like that. The AVAILABLE amount is the amount you're interested in. I figured out that when they tell you the lower figure that means the amount you can spend BUT only if it's a PLUS.
You have a MINUS in front of the $91.37 so to me that means you're overdrawn i your checking account so no you cannot use your debit card to buy anything online. I suggest that when you call the bank again press the zero or the number for a support person and they can tell you if you are overdrawn or not. If you are then first thing Monday morning or if you can use the ATM then transfer money from your savings account to your checking account to cover the overdraft.
If you've had an account with your bank for a long time and you are overdrafting your checking account they might suggest to you to get the credit card associated with their bank to stop the overdraft fees since they charge heftily for that. On the other hand the interest in that credit card over time will add up as well, so the best thing you can do is learn to budget.|||You have pending deposits that haven't been posted yet. When all deposits and debits have been posted, your current balance and your available balance will be equal. Your available balance at this point -$91.37 indicates you have seriously overdrawn your bank account. Your savings account balance is separate from your checking account balance.
My bank calls them "Pending Transactions" and "Available Balance". The pending transactions are transactions (deposits and debits) that the bank knows about but hasn't verified or posted the amounts. Example: If I put an empty envelope in the ATM and enter a $10,000 deposit, my pending transactions will indicate a $10,000 deposit, but I can't use the money until the bank posts the check. Since the check doesn't exist, that pending deposit will disappear.|||It could also mean that you have some outstanding charges pending that have not yet cleared your account. You will not be able to order something online because your card goes off your available balance and you have no funds available. Transfer some money from savings.|||It means that your balance is there, but a recent deposit you made has not cleared yet. All banks policies are different on availability, so contact your bank before you use your card.
And most of my money is in my savings. Can someone explain that to me too?
Sorry, I'm a newb. :x Thank you.|||When you're asking about your checking account you're asking about your checking account and since it has nothing to do with your savings account we can't respond to that.
I've called SunTrust at least a dozen times to tell them that current and available stuff confuses people (it confuses me too) but they say that some people like that. The AVAILABLE amount is the amount you're interested in. I figured out that when they tell you the lower figure that means the amount you can spend BUT only if it's a PLUS.
You have a MINUS in front of the $91.37 so to me that means you're overdrawn i your checking account so no you cannot use your debit card to buy anything online. I suggest that when you call the bank again press the zero or the number for a support person and they can tell you if you are overdrawn or not. If you are then first thing Monday morning or if you can use the ATM then transfer money from your savings account to your checking account to cover the overdraft.
If you've had an account with your bank for a long time and you are overdrafting your checking account they might suggest to you to get the credit card associated with their bank to stop the overdraft fees since they charge heftily for that. On the other hand the interest in that credit card over time will add up as well, so the best thing you can do is learn to budget.|||You have pending deposits that haven't been posted yet. When all deposits and debits have been posted, your current balance and your available balance will be equal. Your available balance at this point -$91.37 indicates you have seriously overdrawn your bank account. Your savings account balance is separate from your checking account balance.
My bank calls them "Pending Transactions" and "Available Balance". The pending transactions are transactions (deposits and debits) that the bank knows about but hasn't verified or posted the amounts. Example: If I put an empty envelope in the ATM and enter a $10,000 deposit, my pending transactions will indicate a $10,000 deposit, but I can't use the money until the bank posts the check. Since the check doesn't exist, that pending deposit will disappear.|||It could also mean that you have some outstanding charges pending that have not yet cleared your account. You will not be able to order something online because your card goes off your available balance and you have no funds available. Transfer some money from savings.|||It means that your balance is there, but a recent deposit you made has not cleared yet. All banks policies are different on availability, so contact your bank before you use your card.
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