Examples of Available Balance in a sentence
With the Overdraft Privilege Service, First Bank has the discretion of authorizing and paying transactions that cause your Available Balance to be negative or occur while the Available Balance on the account is negative (up to your Overdraft Privilege Limit).
If you enable the Overdraft Preferred Credit Loan Service on your primary account, the unused credit limit of the Preferred Credit loan is added to the primary account’s Available Balance, and this combined amount is used to authorize ATM and everyday debit card transactions at the ATM or point-of-sale terminal.
The Overdraft Transfer Service will then go to the next secondary accounts linked to your primary account and only transfer as much as it can from each account (based on the Available Balance in each secondary account at the end of the business day).
If you enable the Overdraft Transfer Service on your primary account, the Available Balance of the first linked secondary account is added to the primary account’s Available Balance, and this combined amount is used to authorize ATM and everyday debit card transactions at the ATM or point-of-sale terminal.
If the merchant does not submit the transaction for payment before the expiration of the authorization hold, it will be removed from your pending transactions, we will release the authorization hold, and your Available Balance will no longer be reduced by the authorization hold amount.