What is available balance?
It’s the amount you have in the account before any pending charges are added. Your available balance is the amount you can use for purchases or withdrawals. It’s made up of the account balance minus pending debit card authorizations and holds on funds.
What does current and available balance mean?
A current balance is the amount of cash presently sitting in a checking or savings account at any given time. However, the available balance is the current balance minus any pending transactions that haven’t been fully processed yet.
How long does it take to get a debit card?
As part of the account opening process, you’ll be able to request a debit card connected with that account. In some cases, you’ll have to wait 7 to 10 business days before your card arrives in the mail. Many banks, however, offer same-day access to a debit card that you can use immediately.
How do I check my Planters Bank account balance?
Text Banking Commands:
- B / Bal / Balance / Balances – Balance in all Enrolled Accounts.
- B / Bal / Balance [Short Name] – Balance in Specified Account.
- STMT / TRAN / HIST [Short Name] – Recent Transactions for Specified Account.
- BRANCH [Zip Code] – Planters Bank Locations in a Specified ZIP Code.
Can I spend money that is pending?
You might want to wait before you start spending. Just because you see the balance in your account doesn’t mean that it is yours yet. A deposit that is pending in your account can’t be used until it’s completely cleared and is sitting in your bank balance.
How long do Pending transactions take?
Usually, a pending charge will show on your account until the transaction is processed and the funds are transferred to the merchant. This could typically take up to three days but may stretch longer depending on the merchant and the type of transaction.
How much can you overdraft with Planters Bank?
The maximum number of overdraft fees you may be charged in a day for overdrawing your account is 5, or $135.00. We do not charge if the overdrawn balance is $10.00 or less.
How much does it cost to open a Planters Bank Account?
Personal Checking Account Choose a checking account that fits your life
| Account Features | Essential | Opportunity |
|---|---|---|
| Minimum Opening Deposit | $50 | $50 |
| Minimum Balance to avoid Monthly Maintenance Fee | ||
| Monthly Maintenance Fee | $0 | $10 |
| Monthly Statement Mailing Fee* | $3 |
Can I withdraw money that is pending?
One of the most common reasons for a pending balance is the funds availability of deposits. Bank customers often assume they can deposit a check into their account then get cash back immediately. That’s not typically the case, and where it is, the amount you can withdraw against the deposited item will have limits.
How long does it take for pending deposit to clear?
A wait of two business days or so is fairly standard for pending deposits. There are regulations around how long your bank can keep your funds pending. This is to protect you from your money being held.
Which bank gives instant debit?
MUMBAI: Axis Bank has said that it will provide instant virtual debit cards to customers who open savings account online with video KYC. The debit card will enable customers to transact immediately after opening an account and provide access to full range of 250 banking services online.