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What is the difference between “Current Balance” and “Available Balance”?

April 26, 2017available balance Balance difference

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What is the difference between “Current Balance” and “Available Balance”?

1 Answer

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10 Posted

“Current Balance” is the balance of your investment as at the nominated date including any uncleared funds. “Available Balance” is the balance of your investment available for immediate withdrawal as at the nominated date. All cheques lodged have a clearance of three (3) business days, and this same clearance period also applies to any electronic drawing of uncleared funds from external accounts that are to be credited to your Uniting Financial Services investment.