Monday, December 12, 2011

Whats the difference between ledger balance and available balance?

i withdrew some money from an atm when i went home and checked my online account it said that my available balance was lower then my ledger balance what does that mean ? i checked all of my purchases and they've All been cleared i even added it up on my own to make sure so what is the difference|||Your ledger balance is the total amount of checks and other deposits you have made but are not yet available because the bank isn't sure the places where they are drawn on will actually pay them. When they are paid, collected by the bank, they will become available balances that can be withdrawn.|||I am not sure where you bank, but it could be based on a deposit. If the check hasn't cleared yet, it may not all be available. Or if you have pending on line bill payments, or up coming standing ACH debits. Hope that helps.|||~~If you booked a room or rented a car or something to that affect then they may have put a hold on your account for a larger amount than was actually used. When they batch their merchant machine, it will be corrected and the funds will be released to be back for you to use.





The only other thing is a deposit could have had a hold put on it and they only gave you partial credit until the hold is released.~~

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