Understanding the difference between your Available Balance and Present Balance can help you manage your funds effectively.
- Available Balance: The portion of your funds that is immediately available for use. This reflects your current balance minus any pending transactions or authorization holds.
- Present Balance: The total amount of funds in your account, including both available and pending transactions.
The difference between these balances is typically due to processing transactions, such as:
- Pending purchases or payments that have not yet been fully processed.
- Authorization holds placed by merchants before finalizing a transaction.
Keep an eye on your Available Balance to avoid overdrawing your account or making purchases that may not be immediately covered.