Concerned: Does anyone know why my ASB shows a balance and a an available amount?

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Forums › Finance and wealth management › Concerned: Does anyone know why my ASB shows a balance and a an available amount?

NglButiLoveTechnolog

129 posts

Master Geek
+1 received by user: 6

#317510 23-Oct-2024 02:02

Hey everyone,

I’m new to ASB, and I’ve noticed something confusing with my account. My balance shows $392.25, but the available amount is only $275.60. I’m not sure why there’s a difference, and none of the other banks I’ve used do this.

Does anyone have an idea what might be causing this? I’d really appreciate any insights or advice from those more familiar with ASB or banking in general! Thanks in advance for your help!

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CrashAndBurn

693 posts

Ultimate Geek
+1 received by user: 105

#3300175 23-Oct-2024 04:46

Check if you have any pending transactions as some merchants have longer delay than others.

Eva888

2762 posts

Uber Geek
+1 received by user: 2426

Lifetime subscriber

#3300197 23-Oct-2024 09:11

The available balance is how much is left for you to spend to either reach your card limit if it’s a credit card, or the cash that remains deposited in your Streamline account for you to spend. As above any purchases that you have made but merchants have not yet claimed into their accounts may be marked pending but the bank still deducts that amount from your balance to show what’s available for you to spend.

You aren’t the only one that has been confused by the format. You will get used to it. Just make sure you only spend the 'available' amount.

edited for clarity