Monday, December 12, 2011

What is the difference between available balance and current balance on my deposit slip form my bank?

does anyone know?|||Available means the amount of money you can take out now.



Current often is higher - because something you have deposited hasn't cleared yet.|||some banks have an over draft amount, my bank has 700 over draft amount,, it helps in a way so you don't own more then one person if you overdraw on your bank account, you STILL owe the bank but you don't other the other person too, like if you wrote a check it won't bounce, you will owe the bank money ..

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