What is the difference between current balance and available balance?

Current balance is also referred to as shadow balance in some places to differentiate it from the available balance. Suppose you have $200 in your saving account and use your debit card to pay $50 to Electricity Company against monthly bill. read more

Available balance is the amount of balance or funds that you can access immediately. read more

The current balance in a bank account is the amount in the account at the start of a business day. The available balance is what the account holder can actually withdraw at a given point in time, according to Mutual Savings Credit Union. read more