What makes up my available balance?
Available balance is the amount of money in your account available to you right now. It is made up of:
- Current balance (not including any uncleared items e.g. a cheque deposit)
- Overdraft limit (if you have an agreed one)
- Less debit card transactions that have been authorised or pre-authorised (where the final transaction amount is not known upfront), but not yet debited your account.
Examples of pre-authorised transactions include where you have given a debit card pre-authorisation for a hire car or hotel room.