What does account balance mean

It's pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. Compensation may factor into how and where products appear on our platform and in what order. But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you.

That's why we provide features like your Approval Odds and savings estimates. Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can. While both numbers provide important information about your bank account, they also differ in some critical ways.

Join ASB. Help and Support. Rates and Fees. Calculators and Tools. Terms and Conditions. Contact us. About us. Careers at ASB. Cheque-Free update. Last Updated: 20 Aug Available balance represents the funds you are able to withdraw, transfer and use.

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What is an Account Balance? The concept can be applied to the following situations: General ledger account. Capital turnover definition Lease accounting. Asset accounts have debit balances while liability and equity accounts have credit balances. There are a few exceptions to this rule, however. Contra accounts have a balance opposite from their classification.

In other words, a contra asset account actually has a credit balance and a contra equity account has a debit balance.