Difference between Balance and Available Balance?

[Deleted User]

Hi,

yes overdraft is a kinda advance, on the surety that you will have incoming funds to cover that 'loan',

Why is your font so small, no charge here for full print.

Good luck.

pqrdef

If you've got those numbers the right way round, they would imply that you've used nearly all your overdraft, but you've got a large uncleared payment on the way in.

callum9999

HappyMJ wrote: »

Overdraft money should be for emergency only. Don't use it unless you absolutely have to. You don't want to start getting into a debt cycle now.

That's a bit patronising don't you think? Not all students are financial idiots.

I've used my overdrafts as "free money" (obviously I know it isn't and I have to - and will - pay it back) for the last 2 years and never had a single issue with it. If you just blow it without thinking how you'd manage for the year/how you'd pay it off then yes, it will likely result in a fair few problems. But if you're sensible in how you do it you should be fine.

UniStudent_2

Thank you all for your help!

I'm back to work next week and back in my family home soo I'll have some money coming in, and I'll be getting my flat deposit back soon, so all is well. I'm just still trying to get the hang of what money is actually mine, which money is an overdraft and I can't spend?! One day I'll get it!!

Ken_Oliver

Hope this is not off topic but

Recently we had a problem at the supermarket checkout, that resulted in a double charge to our HSBC current account

we only got one till receipt but our account was charged twice

this second charge is now stuck in allocated waiting for the supermarket to claim it,

so its not available to us to spend as it is not in our available balance

The supermarket say they can't claim it as they got the amount we owed them

The bank say it will drop off and will become available to us soon but can't tell us when

So dose anyone know how long this will take as we would like to use this money for other purchases

we now have to keep an extra amount in our account to cover this lost money so we have funds to cover our Direct Debits