Will i overdraft?

Question

Last week, my bank account had $15 dollars in it. I havent withdrawed any money or used my check card. I made a check deposit of $245 Friday. Today, online, my current balance is $15.00 and my available balance is $115.00. I was told the check wouldnt clear til MOnday night, if i withdraw $100 dollars tomorrow, will i go into the negative?

Answer 1

BUT I SUGGEST YOU WAIT UNTIL MONDAY TO BE SURE.

Answer 2

Your bank gives you immediate credit for the first $100 of a check you deposit. That's where they came up with the $115 available balance.

Tomorrow (or even today) you can withdraw $100. That debit will hit the bank tomorrow night at the same time your check is credited (provided it's a local check and your bank doesn't have a holding policy).

So, to answer your question, yes you can withdraw $100 without fear of withdrawing your account.

Answer 3

the available balance is 115 so no you will not go negative.