We are making changes to our systems which will mean that you will no longer see a balance described as ‘available’ on your current account. This will not affect how much you have in your account, only how we show it to you.
This change is so that customers have a clear view of when they are using their own funds and when they are using their arranged overdraft which will incur a charge.
Account Balance:
This is a single balance which shows your own money, but does not include recent pending transactions.
Overdraft Limit:
This is your arranged overdraft limit (if you have one)
Available Balance:
This can be a combination of your own money, including recent pending transactions, as well as any arranged overdraft you have set up on your account.
Account Balance:
no change
Overdraft Limit:
no change
Balance including pending transactions:
This shows your own money with pending transactions deducted. This is one part of what was previously called your ‘available balance'.
Overdraft Remaining:
This is the remaining amount of your arranged overdraft (if you have one).This was the other part of what was previously called your 'available balance'.
The account is in credit and has €25 pending transactions and an overdraft limit of €500. The customer can spend another €75 without going into their overdraft and paying interest
The account is overdrawn and has €250 pending transactions. Customer now has €350 remaining of their €500 Arranged Overdraft limit (use of Arranged Overdraft will include paying interest).
