Why is my current balance and available balance different?

Your Bank & Savings account available balance shown on the Internet Bank or ATM is what you are able to withdraw or transfer immediately. Your available balance excludes funds which are pending, for example: waiting to be cleared or debited, and. any transactions that haven't been processed.
A.

Why is my account balance and available funds different?

Available balance represents the funds you are able to withdraw, transfer and use. For transactions or savings accounts, the available balance may be more than the account balance because of an arranged overdraft. The available balance may also be less because of un-cleared funds, such as a cheque.
  • How long does it take for a pending transaction to fall off?

    Typically, merchants do this at the end of the day, so in theory, the closer your purchase is to the merchant's time of closing, the sooner the transaction will clear. However, settlement policies vary by merchant, so it's not unusual for a debit card transaction to remain pending for up to five days.
  • How long does it take for a transaction to post?

    A Pending transaction may appear for up to five days depending on: When the transaction was made. How long the merchant takes to process the transaction (ASB does not control this) If the authorised transaction is not processed to your credit card (for example if you pay your hotel bill using another payment method)
  • Can I use my debit card as credit with insufficient funds?

    No money, no credit. If you are using a debit card and your account has insufficient funds, the transaction will be declined. Similarly, if you're using a credit card and you've hit your credit limit (or you've missed too many payments), the purchase will not go through.
B.

Are pending transactions included in the available balance?

Your available balance is the most current record we have about the funds that are available for withdrawal from your account. Your available balance includes: Pending withdrawals, including debit card transactions we authorize and checks/authorized payments known to us, reduce your available balance.
  • What is posted balance BBT?

    Your posted balance is the actual amount of money posted in your account as of the previous banking day. Your available balance is the amount of money you have to draw upon, which can change throughout the day with any bank activity such as deposits, withdrawals or debit transactions.
  • Why is my current balance and available balance different?

    Your Bank & Savings account available balance shown on the Internet Bank or ATM is what you are able to withdraw or transfer immediately. Your available balance excludes funds which are pending, for example: waiting to be cleared or debited, and. any transactions that haven't been processed.
  • Are pending transactions included in the available balance?

    Your available balance is the most current record we have about the funds that are available for withdrawal from your account. Your available balance includes: Pending withdrawals, including debit card transactions we authorize and checks/authorized payments known to us, reduce your available balance.
C.

Do pending transactions affect available balance?

Pending transactions only affect your available funds. While the transaction is pending, the transaction amount is deducted from your available funds. Your account balance is not affected by a pending transaction; it only changes once the payment is fully processed.
  • What is the difference between present balance and available balance?

    Present Balance: Your "present balance" is the previous business day's ending balance, plus or minus the full amount of any transaction known to the bank made during the current day (e.g., deposits, debit card transactions or ATM withdrawals); it does not include checks you may have written but didn't present to the
  • What is available balance and account balance?

    Your Bank & Savings account available balance shown on the Internet Bank or ATM is what you are able to withdraw or transfer immediately. Your available balance excludes funds which are pending, for example: waiting to be cleared or debited, and. any transactions that haven't been processed.
  • Can I use what's in my available balance?

    Your available balance is the amount you can spend right now. You might think of it as "funds available to withdraw," but there are several ways to use the money. Withdraw cash: you can take that amount out of your account in cash, either at an ATM or with a bank teller.

Updated: 24th September 2018

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