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Florida,#2Consumer Comment
Tue, October 16, 2007
You have 2 balances, your ledge balance and you available balance. Your available balance includes deductions for pending charges as well as deposits that have credited to your account... Basically it is the total amount you could withdraw from an ATM at that time. If you made a deposit after 2 it may show up in your ledger balance because the bank knows the money is coming through, but it is not in your available balance until after 2 am the next morning. If you are making charges that day, they may post at midnight that night and the deposit not post until after 2 am or so (I actually asked them about this once). So, those pending charges are being deducted from the balance available to you before your deposit is available to you. Hope this makes sense!! I know they have gotten me before also.