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Balance question.
dooey1
Posts: 40 Forumite
Hello! Last day of AP, do I enter account balance or available balance that is on bank ATM receipt?
Difference of £200.
Difference of £200.
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Comments
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I would go with Account Balance, as Available balance incudes authorisation which can take up to 14 days to debit (card regs)
Reason, if you have to submit a statement, which will only show Account Balance on a given date.Life in the slow lane1 -
Available balance may include overdraft, don’t include that.1
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That was often the case in the past but I'm sure banks were forced to stop including any overdraft facility amount in the figure titled 'avaliable balance' as it could be misleading.itsthelittlethings said:Available balance may include overdraft, don’t include that.
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So KaMelo, which amount would I submit please?0
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Total balance as shown on the last day of AP.
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Yes, but just needed to clarify do I record “available balance” or “account balance “ from ATM statement?0
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Your balance is what your bank statement says.
Account balance.Life in the slow lane1
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