Here are some useful tips to help you work out how much you have available to spend. The Account balance, Available balance and Today's balance can be found on the 'Account summary' page in your Anytime Internet Banking.
'Today's balance' shows how much money you have in your account at the start of the business day.
The 'Available' balance tells you how much you can spend today. 'Available' is a more accurate reflection of how much you can spend at that time. It will include pending payments such as debit card transactions but will exclude recent contactless card payments. Any agreed overdraft you have with us will be included.
The Account balance will show your balance on that day after all your transactions have come off.
Example: If you have £350 in your account with a £100 overdraft, the 'Balance' column and 'Today's balance' would be £350 and the 'Available' column would be £450.
Image for illustration purposes only
A debit card example
If you now buy items for £50 on your debit card in a shop, the 'Available' column will now show as £400. 'Today's balance' will reduce to £300 once the retailer has claimed the £50 and the transaction has been processed. The difference of £100 is your agreed overdraft limit.
Contactless payments work slightly differently as they don't show immediately in your Available balance.
An uncleared cheque example
If you have just paid in a cheque for £50 the 'Available' column will stay as £450 until the money has cleared. 'Today's balance' will show as £400 on the next working day.
When the cheque has cleared, 'Today's balance' will still show as £400, and the 'Available' column will increase to £500. The difference of £100 is your agreed overdraft limit.
My balance at the weekend
Your balance might not be what you were expecting over the weekend and bank holidays.