Most banks provide apps (or at least websites designed for mobile devices) that allow you to see your account balance online and on-the-go. Apps typically enable you to do even more than you can do from a desktop computer. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.

Learn about the types of bank accounts, how best to use them, and key banking terminology. You want tools to help manage your money and build credit, no overdraft fees and you don’t need checks. Say, for example, you check your balance and see $500 in the account. After buying groceries and filling the gas tank, you have $250 left. If the bank made those funds available immediately and you spent them, then you might not have enough money in your account to return to the bank. Differences in current and available balance can also happen when you make a deposit.

Easy Steps to Check Your Bank Balance

If you prefer to opt out, you can alternatively choose to refuse consent. Please note that some information might still be retained by your browser as it's required for the site to function. Designed for freelancers and small business owners, Debitoor invoicing software makes it quick and easy to issue professional invoices and manage your business finances. Starting and maintaining solid, professional accounting practices is essential for the growth of a business. If you deposit a fraudulent check, the bank will deduct the amount of the deposit from your account when it discovers that it can’t collect on the check you deposited.

Savings and loans are specialized banking entities, created to promote affordable home ownership. Often these banks will offer a higher interest rate to depositors as they raise money to lend for mortgages. Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided.

Terms Similar to Bank Balance

Each credit card mentioned above also has a student card alternative that usually offers watered-down rewards and some of the same offers—including the introductory APR. Student cards typically have fewer credit history requirements, so younger cardholders can start building a healthy line of credit. In order to qualify for an introductory APR offer, balance transfers generally must be completed within a specified amount of time.

This number shows the amount of money you can withdraw and spend from the account and may be less than the current balance. Instead of checking your bank account balances manually, you can have your bank push information out to you when something happens. Before completing a balance transfer, always read the terms and conditions for the new credit card. Calculate how much interest will be saved (or not) by the time a promotional period ends. If there isn’t a clear financial benefit to transferring a balance, it’s most likely not worth the effort. A bank account balance can be inaccurate if a check has yet to clear the bank or a pending transaction has not yet gone through.

Add Outstanding Deposits

Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. The company also announced today that its new Balance Assist offering will soon surpass 100,000 loans.

• Mobile phones, tablets, and other devices make it easy to check on accounts from just about anywhere.
• It reflects all deposits, withdrawals, and purchases the bank has processed.
• Balance transfers can be set up online during the application process or completed on a current cardholder’s online account.
• How much of a deposit a bank makes available immediately, and how quickly the bank makes the rest of the deposit available, depends on a variety of factors.
• Check the available balance before making a withdrawal or swiping your card to make a purchase.

A certificate of deposit (CD) account offers a higher interest rate than a traditional savings account, but you must leave your money untouched for an agreed upon time. If you withdraw your funds before the term is done, you usually need to pay an early withdrawal penalty and/or fee. A checking account is typically used for day-to-day spending and paying your bills. You can easily access your money with a debit card, ATM or check. Put simply, it is the amount of money in your bank account at a given time. The bank balance will fluctuate over the course of an accounting period, and can be viewed at any time.

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For example, you might have written a check to somebody who has not yet cashed it. Or, you might know that your mortgage payment will be deducted automatically soon. In fact, you’ll probably know where your balance is headed before your bank does.

Your account balance will be listed on your statement, along with all transactions made during the statement period. Many banks still offer telephone banking services, which allow you to check your account balance by phone. To use this service, call the phone number provided by your bank and follow the prompts from the automated voice system to access your account balance. You may need to enter your account number and other identifying information or answer a few security questions before you can view your balance. With the advancement of banking technology, checking your account balance has never been easier. Now is a great time to start saving — and doing so starts with finding the best account.

Banking is an industry that handles cash, credit, and other financial transactions for individual consumers and businesses alike. Banking provides the liquidity needed for families and businesses to invest in the future, and is one of the key drivers of the U.S. economy. Before you open a bank account, educate yourself on available options.

• Checking, savings, and brokerage accounts all have account balances.
• Take advantage of mobile apps that keep information at your fingertips, and employ alerts to notify you of potential problems.
• If it hadn't, the banks' failures would have threatened the U.S. economy itself.

Your current balance is the amount of money in your account at the moment. It reflects all deposits, withdrawals, and purchases the bank has processed. The current balance does not include pending transactions because they have not yet posted to the account.

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Since the available balance reflects pending transactions that have not posted, the amount you see may be smaller than the current balance because transaction processing times vary. For example, Bank of America makes mobile check deposits available the next business day as long as it receives the deposit before 9 p.m. However, the bank credits transfers between Bank of America customers on the same day. Online banking allows you to access your bank account from any computer or device with internet access. To check your account balance, log in to your bank’s online banking website using your username and password. It should be listed under “accounts” or “account information.” Depending on your bank’s website layout, you may need to click on your account to view your balance.

The best bank will depend on your preferences, such as whether you prefer online or in-person banking. However, if you plan on having low balances, you'll want to ensure that you choose a bank account without account minimums or monthly fees that could accidentally trigger an overdraft fee. Mobile phones, tablets, and other devices make it easy to check on accounts from just about anywhere.

Make some calculations on how much should be paid every month and what the balance transfer fee will cost. When taking advantage of an introductory APR period, try to pay off the balance by the end of the period in order to avoid paying any interest. If that’s not possible, seek out a credit card that offers lower than average interest rates (or how to calculate gross profit margin with example lower than the current lender’s rate). For credit cards, account balances represent the total amount of debt owed at the start of the statement date and include any debt rolled over from previous months with interest charges. Available credit is the term used alongside the account balance to indicate how much of the credit line is left to spend.