Common use of Current Balance Clause in Contracts

Current Balance. Your account’s Current Balance (sometimes called the ledger or actual balance) only includes transactions that have settled to that point in time, that is, transactions (deposits and withdrawals) that have posted to your account. Certain deposit transactions included in your Current Balance may also be subject to “holds” as defined in our Funds Availability Disclosure. The Current Balance does not include outstanding transactions such as checks that have not yet cleared and electronic transactions that have been authorized but which are still pending and have not settled. The balance on your periodic statement is the Current Balance for your account as of the statement date.