Skip to main content
A

Anonymous

Oct 22, 2024

what is ending balance?

My father recently withdrew $30 from his bank account, but I noticed that his available balance did not change, even though his ending balance decreased by $30. I am confused about what "ending balance" means and why his available balance remained the same while his ending balance changed. Can someone help clarify this for me?

4 Answers

A
Anonymous

Feb 16, 2025

his available balance HAD to change by $30.00, as did his ending balance. Ending balance is what is left after he made any transaction. If he has $100.00 and takes out $30.00, his ending balance is $70.00. (100-30=70).

His available balance is any money his has in the bank that have already “cleared.” In other words, he may make a deposit but it is with a check from out of town. The bank will tell him that money is “not available” until a certain date.

So he has that original $100.00 and all is available. Now he makes a deposit of $200.00 with an out of town check. The bank may tell him none of that is available until the next day. So his ending balance is 100+200+300, but his available balance is still only $100.00

A
Anonymous

Feb 20, 2025

This Site Might Help You.

RE:

what is ending balance?

My father had just took out $30 from his bank account and his available money did not change but his ending balance number changed by 30 and i dnt understand what is ending balance? and i dnt understand why his available money did not change but his ending balance did?

A
Anonymous

Feb 20, 2025

maybe by now you have guessed “ending balance” = current balance = what you have charged since the last billing cycle { which you paid off in full – good for you.} Yes, you get a bill every month, about the same time {Sundays and holidays may affect it, as might 28 days in Feb.} Don’t overthink it (lol).

Want to answer this question?

Join our community to share your knowledge!

Related Questions

7
Does Walmart, Target, or meijer offer Layaway options anymore?

Do Walmart, Target, or Meijer still offer layaway options? I'm interested in knowing if these retailers currently provid...

10
On a U.S. Nuclear submarine, is the Xo higher ranked than the Captain?

I was watching the movie "Crimson Tide" and became curious about the ranks within a U.S. nuclear submarine. Specifically...

2
What does the word ‘Kusabi’ mean?

I have encountered the term "Kusabi" in two different contexts: once in the video game Fatal Frame II and again in the s...

6
What is a Bandidos Nomad?

Who are the Nomads in the Bandidos Motorcycle Club?

6
What is the song with lyrics “do you wanna ride in the back seat of a caddy”?

I have the chorus of a song stuck in my head, and I can't figure out who sings it or what the song is. I've tried search...

4
What should I wear for Home Depot orientation tomorrow?

I just got hired for a part-time sales job at Home Depot, and I have my orientation tomorrow. I've never had a job where...

4
Where can I find the instructions for the Ikea Brimnes bed?

I’ve already checked the IKEA website, but they only provide instructions for the Brimnes bed with storage drawers. I sp...

2
Why its so quiet, is it midle of the night right now? what time is it?

Why is it so quiet? Is it the middle of the night right now? What time is it?

8
Does Wells Fargo Bank open on Sundays?

Does Wells Fargo Bank open on Sundays in Bakersfield, California, specifically at the intersection of White Lane and Gos...

3
How tall is a ps4 game case?

What is the height of a PlayStation 4 game case?