Investopedia

Continue to Site »

Available Balance

Filed Under »
Dictionary Says

Definition of 'Available Balance'

Balances in checking or on-demand accounts where there is a delay in crediting funds to an account. If a check deposit has not been cleared by the issuing bank, the funds will not be available to the account holder even though they may show up in the account's stated total funds.

The net effect is that the account balance may be different from the balance that is available to the account holder for spending, withdrawal or transfer.
Investopedia Says

Investopedia explains 'Available Balance'

Depending on both the issuing bank and the receiving bank's policies, check deposits may take anywhere from two to five days to clear if both banks are domestic. This process may take much longer if the check is drawn on a non-bank institution or a foreign institution.

The bank's policy may have nothing to do with when the funds are actually released to the bank itself. The time between when a check is deposited and when it is available is often called float time.

Articles Of Interest

  1.

    The Beauty Of Budgeting

    Make it to the end of the month, before you run out of money.

  2. Increase Your Disposable Income

    Here are four quick and easy ways to up your spending money.

  3. Are Your Bank Deposits Insured?

    Learn how the FDIC is helping to keep your money in your pockets.

  4. Your First Checking Account

    This owner's manual will show you what to expect from your bank.

  5. All About Banking

    This tutorial will tell you everything you need to know about how checking and savings accounts work.

  6. Save Without Sacrifice

    Don't sacrifice your life for your savings - get out there and have fun!

  7. How New Offshore Bank Rules Will Affect Americans

    FATCA is being implemented in 2013. Here is how it will affect the personal banking and taxes of Americans who hold offshore bank accounts.

  8. 6 Biggest Millionaire Flops

    If you have lost money, you're not alone, but at least you can put some blame on the market.

  9. If two people own a securities account, listed as joint tenants-in-common, it means:

    A. They each have an undivided interest in the propertyB. If one dies, that person's interest does not automatically pass to the otherC. They do not necessarily have equal interests ...
comments powered by Disqus
Marketplace
Hot Definitions

  1. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  2. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  3. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  4. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  5. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  6. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.
Trading Center