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
- Mobile BankingUsing a bank's smartphone app to check balances, transfer funds, deposit checks, and manage accounts on the go.
- CheckA written, dated order instructing your bank to pay a specific amount from your account to the person or business named on it.
- Checking AccountA bank account built for everyday spending, letting you deposit money and pay for things with a debit card, checks, or transfers.
- Available BalanceThe money in your account you can actually spend right now, after subtracting holds and pending transactions from the total 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.
- Online BankingManaging your accounts through a bank's website, letting you check balances, move money, pay bills, and view statements from a browser.
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.