Can someone PLEASE tell me what Available Balance is verse Current Balance in a Checking Account?

I just got my 1st checking account, I called my bank number to get my checking account balance, and my available balance was like -100 and my current balance was a positive 330. What does this mean? Did I overdraw? I;m really nervous, please someone tell me!|||Your "available" balance will always be a correct and accurate indicator of what is in your account. The other balance indicates pending deposits or transactions that have not posted to the account yet. So, your "balance" of 330 is actually what your "available balance" will be as soon as everything clears. You are actually in the negative in your account, based on the information you gave.|||im sorry, but it does sound like you have overdrawn. dont worry- the bank will work with you if its your first time, and now youll know how to handle your money in the future.





available balance keeps up mwith the transactions you make on a daily basis. every time you run your debit card, your bank is contacted and money is taken from your account.





the current balance works off of the balance sheet and is a reconciliation of your spending. its the last balance after your bank processed and posted every transaction through the last business day i b elieve. thats why your current balance may be positive, but if you make a whole lot of withdrawls in a short period, your available balance will be what is actually in your account, which will be lower and possibly negative. on sunday, the banks arent open, so the transactions from saturday and saturday night may not reflect on your current balance.





also, if your transaction is run as a credit instead of debit, my experience is that it will take longer to post, therefore your account will show you have more money when there is actually a transaction pending. this happens when i pay my student loans or credit cards.





hope this helps, and good luck in the future. dont worry- be responsible in the future, and know that everyone has withdrawn olne time or another.|||When you are new with a bank, they do not know if you are trying to scam the bank by depositing bogus checks. Usually the bank will put a hold on part of a check that you deposit until it has cleared. During the clearing process, you will have "Available Balance" which is the amount that you can currently spend and "Current Balance" which is the total amount in your account including the amount that is on hold waiting to be cleared.





As you become an established customer in good standing, the bank may not put a hold on payroll checks and other checks up to a certain amount.