A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- Pending TransactionA payment or deposit that has been authorized but not yet fully processed, temporarily affecting your available balance.
- Deposit Hold PeriodThe time a bank keeps part of a deposited check unavailable while it confirms the funds will clear from the paying account.
- Checking AccountA bank account built for everyday spending, letting you deposit money and pay for things with a debit card, checks, or transfers.
- OverdraftWhat happens when you spend more than your account holds, leaving a negative balance that the bank may cover for a fee.
- Debit CardA card tied to your checking account that pulls money directly from your balance when you pay for something or withdraw cash.
- Current BalanceThe full amount recorded in your account, which may include pending charges and held deposits not yet available to spend.
More in Banking
Account NumberAccount ReconciliationACH TransferAPR (Annual Percentage Rate)APY (Annual Percentage Yield)ATM (Automated Teller Machine)
Plain-English education — not personalized legal, tax, or investment advice.