Difference between Current Balance and Available Balance?

Question

Beginning Balance, as of 06/18/2007 22.58
Pending Activity 75.01
Current Balance 97.59
Holds -210.00
Available Balance -112.41

Current Balance is 97.59 and Available Balance is -112.41 which one is the real dollar amount in my bank.

This does not make sense. My balance on the account was 19.95. I deposited 310. I charge for 29.95 came out and then I withdrew 180 dollars. Now how could I owe them money.

Answer 1

The available balance, and as it seems after the pending adjustments it appears you will be overdrawn, then 24 hours later the charges for overdrawn will be added. SO you are $112.41 overdrawn with $75.01 still to be added to that amount So basically you owe the bank 187.51, plus possibly another 210 plus penalties

Answer 2

It sounds like the bank gave you immediate credit for $100 of the $310 deposit but is holding the other $210 until the item actually clears the issuing bank and is put into your bank and then your account. Once that happens, you should have $97.59 plus $210 = $307.59 plus or minus any transactions you have made since the statement date, such as the $29.95 debit card purchase and the $180 ATM withdrawl.

But if you aren't certain, take your check log to the bank and ask them to go over it with you with their own account activity log.