Your “Actual Balance” or “Current Balance” is the amount of money in your account at the beginning of any day. This amount does not include any pending deposits or withdrawals. There is a difference between your Actual Balance/Current Balance and your Available Balance as shown in the examples below.
Your “Available Balance” is the current balance minus any pending Debit Card purchases, automatic drafts (ACH), processing checks or other debits to your account. Available Balance is the amount available to you to make withdrawals or make payments. We determine whether your account has a positive balance or (available funds), or if it is overdrawn, or if a transaction will overdraw the account, based on Available Balance. It is important for you to keep track of your Available Balance, and any pending Merchant Authorizations (See Available Balance and Merchant Authorization Holds) before you conduct a transaction such as writing a check, or using your debit card, in order for you to know whether or not that transaction will overdraw your account. Available Balance is shown in online banking, mobile banking and displayed when you transact using an ATM.
We will charge you a fee each time we pay an overdraft from any item shown in the above table under How Courtesy Pay Works, accordingly from your elected Standard Courtesy Pay (checks, ACH and bill pay) and Secondary Courtesy Pay (debit card and ATM). As noted in the table titled OPTING OUT OF BOTH STANDARD AND SECONDARY COURTESY PAY, we will charge you a fee each time we pay an overdraft resulting from a check or ACH, and we will return it to the Payee who may charge an additional fee. Any debit card or ATM transactions that may place may make your account negative or require an overdraft due to insufficient funds, due to your Available Balance, will be declined.