What’s the difference between my account balance and available balance?

Last Updated: 20 Aug 2021

Your account balance is the total in your account.  If you see “OD” (meaning Overdraft) in front of the amount, this is the amount you owe.

Available balance represents the funds you are able to withdraw, transfer and use.

For transactions or savings accounts, the available balance may be more than the account balance because of an arranged overdraft. The available balance may also be less because of un-cleared funds.

For loan accounts, an available balance may be an amount available for you to draw down, or redraw or use as a line of credit. A nil balance indicates you have used the full value of the approved loan.

For credit cards, the meanings are a little different.

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