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
- E-StatementA digital version of your monthly account statement delivered through online or mobile banking instead of on paper by mail.
- Checking AccountA bank account built for everyday spending, letting you deposit money and pay for things with a debit card, checks, or transfers.
- Pending TransactionA payment or deposit that has been authorized but not yet fully processed, temporarily affecting your available balance.
- Available BalanceThe money in your account you can actually spend right now, after subtracting holds and pending transactions from the total balance.
- Online BankingManaging your accounts through a bank's website, letting you check balances, move money, pay bills, and view statements from a browser.
- BudgetA plan for the money you already earn — deciding where each dollar goes before it disappears.
More in Banking
Account NumberACH TransferAPR (Annual Percentage Rate)APY (Annual Percentage Yield)ATM (Automated Teller Machine)ATM Fee
Plain-English education — not personalized legal, tax, or investment advice.