What is the differece between available funds and current balance?

Available funds, you can get your hands on and spend spend spend. Current balance is money in the account that has not been cleared for take off. ie., personal check from out of state that you recently deposited, they can take 3-5 days to clear.|||both have similar meanings but used in different situations.|||when u have an account in a bank may it be current,savings %26amp; whatever it is.....as long that it has a fund meaning that u have d remaining asking balance of that bank,we can withdraw d available balance provided we are not going to be below in their asking balance we have to maintain...d current balance is d present remaining money from d last transaction we made...i hope i answer this query right for im not also so very familiar with d rules in banking system...|||Are we talking about ING bank accounts here? Well, it's probably similar in whatever context you've found it in anyway. The current balance is the amount of money total that you have in that account. Whereas the available funds are the amount of money in that account that is a) acumulating interest for you and b) able to be withdrawn in a transaction performed at that moment. So, for instance, your account might be set up with an arrangement such that for the first 48 hours after adding money into your account they don't actually add it to your main funds pool, reseving it instead to invest for their own purposes, and keeping the interest it generates to themselves on those first two days. During that time the money is also not available to be withdrawn. Then after the period they keep it aside for elapses they add it to the main pool in your account and it starts accumulating interest for you and is available to be withdrawn.





So basically the "current balance" of the account is the total ammount you have put into that account but some of it, usually the recently added or 'moved around' stuff, will not be available to accumulate interest for you, or for you to withdraw, as per the conditions of your account, and the reason for this is usually that the bank keeps that money to itself for a couple of days and creams the interest off the top of it for themselves, often instead of charging bank fees at all. As mentioned above though in another answer, another reason for this delay can simply be associated with the time it takes for a cheque to clear.|||Current balance is the balance of the account at the moment. Available fund is the amount you can withdraw and use, just in case a check or a card payment that come out later, so you will not be overdraft.