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Balance

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GSMOTORS
Occasional Visitor

Hi there

 

just want to ask. I had no money in the account till this morning when someone made a eft from the same bank. it shows on my latest balance and not on my current balance. what can be the issue. this is a new accou nt and already i am not happy about this 

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Community Coordinator

Hello @GSMOTORS,

 

Please be advised that the Available Balance is the amount of money in the account that can be spent. It takes into account all transactions effected on the account (Debits and Credits). The Latest Balance, however, displays the balance of an account but excludes any unbanked / uncleared transactions. For example merchants haven't yet banked point of sale transactions or where deposits haven't yet cleared (like cheques). The purpose of the difference is exactly to show that there are possible transactions in play that affects your balance.

 

Kind Regards,

Mandy

 

 

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