Common use of Current Balance Clause in Contracts

Current Balance. The Current Balance is the total amount of funds in your account(s). It reflects payment transactions that have “posted” to your account, but not payment transactions that have been authorized and are pending. It may also reflect the full amount of all deposits, even though some portion of a deposit may be on hold and may not be available to you. Thus, while the term “Current” may sound as though the number you see is an up-to-date display of what is in your account that you can spend, that is not always the case. Any holds (including authorization holds) for purchase transactions, payments and fees that have not yet posted will not appear in your Current Balance.

Appears in 2 contracts

Sources: Membership and Account Agreement, Membership and Account Agreement