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.

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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.