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actual or available balance

Article ID: 68213 Email Print
Question
What is the difference between actual balance and available balance?

Answer

Actual Balance is the amount of money that is in the account; for example in the image below the account shows $37.64

Available Balance is the amount of money that is in the account after all pending transactions have cleared; for example in the image below the account shows $32.64.

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If you were to select the activity button (1), you can see that there is a hold for $5.00.   Although you have $37.64 (Actual Balance); you only have $32.64 (Available Balance) [2] available to use.

 

 


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Article Details
Views: 1748 Created on: Aug 03, 2015
Date updated: Aug 19, 2015

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