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

Please note this sub-forum does not provide professional finance advice. You should seek advice from a licensed financial advisor.

To post in this sub-forum you must have made 100 posts or have Trust status or have completed our ID Verification.

If investing please consider our affiliate link for new accounts: Sharesies.

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

NglButiLoveTechnolog

115 posts

Master Geek

#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!

This is a filtered page: currently showing replies marked as answers. Click here to see full discussion.

CrashAndBurn

668 posts

Ultimate Geek

#3300175 23-Oct-2024 04:46

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

Eva888

2439 posts

Uber Geek

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