When you check your account, you may see two numbers: your current balance and your available balance. They are often different — and knowing which is which helps you avoid overdrawing your account.
Current balance (sometimes called the ledger balance):
- The total amount of money recorded in your account at the moment.
- It does not account for transactions that are still pending.
Available balance:
- The amount you can actually spend or withdraw right now.
- It starts from your current balance and adjusts for pending activity — pending card purchases, deposit holds, and other items not yet finalized.
Why the two differ:
- Pending purchases — a card transaction may be authorized but not fully posted; the money is set aside, lowering your available balance.
- Deposit holds — part of a deposit may not be available yet. See why there is a hold on a deposit.
- Outstanding checks — a check you wrote may not have been cashed yet.
The rule of thumb: always use your available balance to decide what you can spend. Relying on the current balance can lead to overdrawing your account. You can see both balances anytime in MyRMO.