Available Balance

Available balance is the amount of money in an account that can be immediately withdrawn or used for transactions. It may differ from the account balance due to holds, pending transactions, or overdraft limits.

When you deposit a check, the funds may not be immediately available. The available balance reflects what you can actually spend, accounting for any holds on deposits and pending transactions that haven't cleared.

Related Terms

Balance

A balance is the amount of money in a bank account at any given time. Banks typically report both th...

Ledger Balance

Ledger balance is the account balance at the beginning of a business day, before any transactions ar...

Pending Transaction

A pending transaction is an authorized payment that has not yet been posted to your account. It temp...

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