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.