What is the difference between current and available balance?
Your current balance is the total amount currently in your account. Available balance is your current balance plus any available overdraft protection funds. What does it mean when the screen says “We are sorry, we are unable to verify your identity. In order to protect your account we have declined your requested action and terminated your online banking session.”? This means your account has been locked because our Multi-Factor Authentication has detected abnormal behavior, such as changing your password, logging in from a different IP address or location, making a larger than normal transfer or bill payment. You will need to contact the bank at that time to gain access to your accounts. Please call (850) 926-7111. Wakulla Bank Internet Banking Application Click here to be transferred to the Wakulla Bank Internet Banking Application. Click here to be transferred to the Change Request Form.
Current balance includes all funds on deposit in an account, including items posted on the current business day. This may include funds that have a hold on them because they are in the process of being collected. Available balance refers to balances that are collected and are currently available for use. Available balance may also include any available lines of credit that are attached to the checking account.
