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Balance & Available Balance?

GhostDog_2 · 2012-08-27 13:19:14

Ok I admit it.....I'm not sure of the difference here. Banking online. Currently overdrawn. :o Balance is presumably what is in bank now...? Available balance is................? OH told me Available Balance is what is left of unused overdraft....but those figures don't add up! Am I being really thick here???? :cool::cool:

Comments

onlyroz Posts: 17,661 Forumite

27 August 2012 at 9:08PM

Balance is the *current* balance in the account. It does not include any overdraft and doesn't include any recent transactions (e.g. if you do a big Tesco shop then the spend usually takes a day or two to appear on your statement).

The available balance probably will include the overdraft and *often* (but not always) includes any recent unstatemented purchases.

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