Available Balance. Your Available Balance may fluctuate from day to day because it is dependent upon changes in the bal- ance in your Account. Your Available Balance may differ from your Free Credit Balance and Combined Asset Value. Shortly after BNY Mellon is notified of a Transaction, your Available Balance is reduced, not when a sales draft or Cash Advance draft is paid. For example, your Account may be debited (and Available Balance reduced) on the day an item is presented by electronic or other means, or at an earlier time based on notifi- cation received by us that an item drawn on your Account has been deposited for collection at another financial institution.
Appears in 6 contracts
Samples: Wealth Management Agreement, Account Agreement, Account Agreement
