Lets say i went to the atm machine to get a account balance and on the lil paper the atm gives out has LEDGER -5.05$ and AVAILABLE 23229.32$ what those this mean?
2007-12-02 01:37:49 · 5 answers · asked by Loyc 3 in Business & Finance ➔ Credit
it means the last transaction was withdrawing 5.05 and there is 23,229.32 left in your account.
2007-12-02 01:46:07 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You have a memo credit hold on your account. That means that you have credit transaction i.e. your paycheck that is in the pending state. Translation you have money it just has not posted to your account yet. That is why your "available balance" appears to be higher than your "current balance".
2007-12-02 04:35:26 · answer #2 · answered by aegisaaron2000 2 · 0⤊ 0⤋
Here is my answer but I am not certain I am clear what you are asking.
On my accounts they withhold $5.00 to keep the account open. Should you try to withdraw it all.
2007-12-02 01:48:43 · answer #3 · answered by ? 7 · 0⤊ 0⤋
you have 2 accounts one is negative other positive at end of day the bank updates to move your money from positive to negative account to make it positive-contact bank to see if you have a sweep on your account
2007-12-02 02:33:41 · answer #4 · answered by southarkansas 6 · 0⤊ 0⤋
Your net amount you can withdraw is 23229 - 5..They will reconcile and make it equal.
2007-12-02 01:59:35 · answer #5 · answered by Chundi R 2 · 1⤊ 0⤋