What's the difference between actual balance and available balance?
Keeping this in view, why is my account balance and available balance different?
Your account balance is the total in your account. Available balance represents the funds you are able to withdraw, transfer and use. For transactions or savings accounts, the available balance may be more than the account balance because of an arranged overdraft.
Furthermore, why is my current balance higher than my available balance? The available balance for your account may differ from the current balance because of pending transactions that have been presented against the account, but have not yet been processed. The available balance also includes credit available if you have a line of credit linked to your checking account.
Correspondingly, can I use my actual balance?
Keep in mind that while debit card transactions will be reflected in your available balance, not all transactions will be 'held' or listed as 'Pending' on your account. For example, if you use Bill Pay, these transactions will not be reflected in your account balance until they are paid.
How long does it take for current balance to become available balance?
Your Current Balance shows Posted Transactions including any recent payments made to your Account. Your Current Balance will be updated when your Pending Transactions are posted to your Account which can take 3 to 5 business days.