Monday, January 19, 2009

Whats the difference between account balance and available funds

Commonwealth NetbankVisaAccount balance. Available funds$96.24 $248.93My visa limit $500.Do I only really have $96.24? its been like this for 2 days whats up?
      Answer1:The account balance is the amount of money in the account that you are looking at.Available funds is the amount of money in all of your accounts with this bank combined.Ex:Checking Account Balance = $50.00Savings Account Balance = $50.00Vacation Club Account Balance = $50.00Available Funds = $150.00

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