Will I overdraft If I pull from my available balance?

Let's say I have $150 for my available balance and I have $5 in my current balance...If I buy something from a fast food place or withdraw from an ATM, would I overdraft?|||If your available balance is more than your current balance, do you have overdraft protection? Your account will not go negative unless you use more than the available balance.





If you have overdraft protection, technically what's in your account is $5. If you use more than the $5 you will tap into your overdraft protection. This will not make the account negative however, some banks charge if you tap into your overdraft protection so just be aware of that.|||Your available balance is the money available to draw from. If your available balance is $150, you can spend up to $150 without going into overdraft.





Check the dates on your balance statement. What some banks show as the current balance, when you check online, via ATM, or over the phone, is what the balance was at closing time the day before. If you had $5 in the bank at the end of yesterday and had $145 automatically deposited to your account last night at midnight, say, then you actually have $150 in the bank. Your current balance would show as $5 because that's what the current balance was last time it was updated. Your statement should show the date: "Current balance as of July 20..." and update it at the end of each business day.





Also check the transaction history on your statement. If it shows a deposit within the last 24 hours that makes up the difference between your available balance and your "current" balance, that explains the discrepancy. And to be sure of how much money you have, you should always write down your deposits, including any automatic deposits, and every withdrawal and payment you make on that account. If you're getting your paycheck automatically deposited or any bills automatically deducted, keep track of the dates and check your account to make sure the deposits and deductions have gone through.|||That always confuses me too so why not ask the bank agent on the phone to be sure. You should not be depending on the bank to do your figuring. You should have a budget and a running balance of your own account at home. You deposited your check, then deduct from that amount on paper each time you use your checking/debit account. That way you will always know how much money you have in there.|||nope, it means your bank says you have $150 AVAILABLE. If the payment that you posted to your bank doesn't clear, you will have overdrafted.