A Little Confused

Kato | Mar 12, 2019 | 1 posts since 2019

So the other day (March 7) I Deposited money into my high yield savings account. In the account activity I see the deposit and in my transaction history I can see that the money was transferred but it hasn’t showed up as available balance yet. Any idea why? It even says my current balance is the amount it would have been but my available balance is still the amount before my most recent deposit.

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Answers

Jenathome1 | Mar 14, 2019 | 6 posts since 2019

It isn't part of the available balance because the bank puts a hold on it for several days. It is part of the current balance because you are earning interest on it even though it is "unavailable" to use.

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