Common use of Your Checking Account Balance Clause in Contracts

Your Checking Account Balance. 1. Your checking account has two kinds of balances: the “actual” balance and the “available” balance. Both can be checked when you review your account online, at a Credit Union-owned ATM, by phone, or at a branch. It is important to understand how the two balances work sothat you knowhowmuch money is inyour account at any given time. This section explains actual and available balances and how they work. 2. Your actual balance is the amount of money that is actually in your account at any given time, but not all funds included in the actual balance are considered available for transactions on your account. The actual balance is also referred to as: (a) your balance on Credit Union ATMscreens; (b) your current balance in Digital Banking; and