Available and Pending balance in Bank Account?

Question

My Available balance is almost $100 more then my pending...is this bad?

ahhh i mean my ledger not pending...sorry...im tired lol :)

Answer 1

It's only bad if you haven't made any purchases totalling about $100 lately, or if your available balance goes negative.

Your available balance includes purchases that haven't posted yet, so you know that you can't spend that money because it's already been spent.

Answer 2

Typically your running Ledger should match your available balance. There are exceptions however. If this is account is also tied to a Check/Debit card, there may be authorizations on hold from companies who have asked for an authorization on your card, but not collect any funds. This happens almost everywhere from Gas Stations to Hotels. Hope that helps!

Answer 3

If you deposit a check, only $100 of the check is available immediately. The rest is held by the bank for several days so the check can clear. So your available balance is less than your actual balance.