Can someone PLEASE tell me what Current Balance is verse Available Balance in a Checking Account?

I just got my 1st checking account, I called my bank number to get my checking account balance, and my available balance was like -100 and my current balance was a positive 330. What does this mean? Did I overdraw? I;m really nervous, please someone tell me!|||Your current balance does not take into account any pending deposits or purchases. Your available balance is what you can actually spend at that particular moment and takes out your pending transactions, such as debit card purchases and parts of deposits (most deposits aren't available immediately as they have to go through the proof department to be fully processed--cash and checks written off the same bank as yours will be available immediately, but if they're checks from other banks then usually the first $100 will be available and the rest will post to your account the next day).





In your case, it looks like you had some purchases that left you with a negative balance--maybe these are pending debit card transactions that haven't fully posted to your account. Either way, the current balance shows $330, so it looks like you had made a deposit that hasn't become fully available yet. Assuming no hold has been put on that deposit, it should take care of your negative balance in the next day or so. Just to be on the safe side, though, give your bank a call and find out what your balance is tomorrow just to make sure you don't get any OD charges.





The current/available balance issue can be pretty confusing. Hope this helped some.|||Current balance generally means the current sum of all credits and debits, including deposits that have not cleared yet and are not yet available for withdrawal. For example, you deposit a $100 personal check to your account today - you cannot withdraw that $100 for several days until the check clears through the other person's bank. The bank does this to protect itself from bad checks.





Available balance is the current balance minus any deposits that have not yet cleared. You may not be overdrawn, depending on how the bank treats negative available balances. You have the funds on deposit, as indicated by your positive current balance, but some items have not yet cleared.|||If I'm reading this right, you should be overdrawn only if the bank is evil. I'm assuming your first and only deposit was $330. That check hasn't fully cleared yet, meaning the bank recorded your deposit but still has to send the check back to the other bank and collect the money for it. In the meantime, the ATM granted your request for $100 on the assumption that the money was on its way. Keep an eye on it and call the bank's customer service number if you are still worried on Monday.





While you're at it, start planning your spending so you can build your way up to being a few paychecks ahead in your checking account, and stay that way. Knowing that you can handle most anything that comes along without worrying about paying the next bill is very liberating.|||Available balance is what you have in your account that you can spend.


Being it is at minus $100, you have NO money you can spend, and, in fact, you owe the bank $100





Your current balance looks like what is there after you made a deposit. Problem is, banks do not always credit your account immediately. Can take up to 3 days, therefore, that is why you have less available balance to use, if any at all.








I wouldn't spend any money until you figure this out.|||It means that you once had $330, then you withdrawn, payed, or used about $430 through that same checking account, meaning that you're uncovered by $100, and you're gonna be charged badly for that.





Dude, this is gonna hurt your credit score so much, take care, and respond quickly.





Again, your current balance is $330, but not available to you, you've overdraws, but the transactions are still bending, but they are gonna be reflected directly on your current balance soon.





Your available balance in -$100, meaning that you need to pay your bank a $100 to be clear.





I hope I helped ...





God Help you all ...