Why is my " current balance More then Available balance"?

Checking account|||Your available balance is what you have in the account that you can withdraw. Or in cases of negative balances, what you owe the bank and cannot withdraw.





The current balance is the balance of the account with pending transactions that have not cleared yet. (Pending checks deposited/cashed, debit transactions, direct deposit, etc...) Meaning that you do not have access to those funds at this second but they are going to be posted to the account once they clear.





Your available balance is not your accurate balance. Your current balance is the more accurate of the two. The most accuracte balance should be kept by you in your checking ledger/register or in any spreadsheet/finance application (MS Money/Quicken) for those of you who don't know what a check ledger is. You know where you spend money before the system does. You should be keeping track of your balance manually somewhere other than with online banking.





You're probably going to be hit with a bounced check/overdrawn fee. I would get some money into your account as soon as possible to avoid any other pending payments from causing you to accrue more fees. Anything that is deducted before your check clears will trigger the system to hit you with another overdrawn account fee.





Each fee will be automatically deducted from your account.





Always remember that anything you deposit other than cash or some types of direct deposits are not actually in your account until it clears the bank. Cash is immediate and will cover your account. Direct deposits are EFTs that go through the Fed's ACH. If there is a problem or a mistake from the depositing bank, they have up to 5 days to request the money back from your bank. This is why some banks and companies (Examples: Paypal, E*Trade, etc...) make people wait 5 days before they will post funds to an account.





Checks take anywhere from 1 or 5 days to process. Most clear within a day or two. So if you float a check and it doesn't clear until after you've spent money forgetting that it was an outstanding payment, you will be overdrawn. Same applies to debit card transactions. ATM/PIN transactions post immediately. Any other use of the card as under credit or online can take 1 to 5 days to post. Depending upon the vendor that processes payments. With most banks if it accepted the payment at the Point of Sale (POS) terminal or online through the verification process, it will post to your account. Even after you spent the money elsewhere.





If a deposited check does not clear, then you make a payment or a purchase... You did not have the money in your account and therefore you are overdrawn.





This is how many banks make money.|||That's because there is a check you wrote or other payment that is in the process of clearing. The bank knows about it, but they have not subtracted it from your "current balance" yet. Usually what happens is they reconcile all the balances at night - at my bank, it happens at 10:00 PM.





So, you say your "available balance" is less than zero - very soon, your "current balance" will be too. If you want to avoid a penalty, get some money in there fast!|||theres a withdrawal waiting to be processed and deducted from the bank ledger.|||The bank is waiting for a deposit to clear.