How We Post Transactions To Your Goals Accountant Determine Your Available Balance Sample Clauses

How We Post Transactions To Your Goals Accountant Determine Your Available Balance. To understand how we post transactions to your Goals Account, it is important to first understand the difference between your Available Balance and your ledger balance. Your Available Balance is the amount of money you have in your Goals Account at any given time that is available for you to use. Your ledger balance is the balance in your Goals Account at the beginning of the day after we have posted all transactions to your Goals Account from the day before. We use your Available Balance to authorize your transactions throughout the day and determine whether you have sufficient funds to pay your transactions. Here are some additional terms that are helpful to understand: 1. Posting OrderWe receive transactions throughout the day and post them to your Goals Account at the end of each business day. We generally group transactions into categories, and then post all transactions within a group to your Goals Account before posting transactions from the next group. First, we start with your ledger balance at the beginning of the business day, subtract any holds from your balance and make any adjustments from prior days. Next, we add available deposits and credits to your balance. Then, we subtract each transaction group and the transactions within each group in the following order: ▪ All electronic Fund Transfers, including ACH transfers: Transactions in this group are posted in the order received by us. ▪ Fees: Fees are posted last to your Goals Account and are posted in order from highest to lowest dollar amount. We may change the way we group transactions together or the order in which we post transactions to your Goals Account at our discretion and without notice to you. It is therefore important for you to keep track of the deposits you make and the transactions you authorize to make sure there are sufficient funds in your Goals Account to cover all transactions and any applicable fees.
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