What is the difference between ledger balance and available balance?
The ledger balance consists of all deposits, plus interest credited to the account, minus all withdrawals and other debits to the account at the close of the Business Day. The available balance is the balance available for withdrawal, but does not include checks that may clear during the current business night’s processing but does include adjustments for holds and unavailable funds (float). Processing occurs nightly, Monday through Friday.
Your ledger balance is your beginning-of-the-day balance. Your available balance is your beginning-of-the-day balance plus or minus any of “today’s credits” or “today’s debits.” For example: Your ledger balance is $100. Today’s credits total $25 (you deposited $25 cash at your branch), and today’s debits total $10 (you took $10 out at an ATM). Your available balance would be $115. Note: Other transactions may be credited or debited to your account throughout the day.
