what the hells a ledger balance

[geordie_vaper]

went to the atm today to check balance, my ledger balance is higher then my supplemental balance i have no idea what this means never herd those terms in my life, so does it mean i have spare spondoolies for new vape stuff

[markm]

You need to ask your bank,
A ledger balance sounds like it may/may not include uncleared amounts,
I have no idea what a "supplemental" balance is, that's your banks term
So they are the ones to explain.

[geordie_vaper]

oh thanks all just check it later on

[Deleted]

My name is Ledger and you have my cash

[geordie_vaper]

i feel like taking all it out but if i want new vape stuff i will need it in my bank

[fiddles]

Ledger balance is a term often used in banking. It means the total amount, or balance, in an account at a given time. This amount typically includes all the money in an account, including amounts that have debits pending against them. For example, this balance includes pending check and debit card amounts that are awaiting payment. It may also include deposited funds that are not yet available.

A person typically sees the term ledger balance when looking at his bank statement, though it is sometimes included on account receipts. It can be calculated by considering the total amount of credits, also called deposits, for a given period of time, versus the debits, or withdrawals, over the same time period. The debits are subtracted from the credits to come up with a figure that is the ledger balance.


Many people look at their bank statements and notice that they have two balances listed. They may wonder why the balances are different, despite the fact that they are listed for the same account. The reason is the ledger balance represents the total amount of funds in an account but is different from the amount a person may use, or withdraw. The amount that is available for withdrawal is typically included on a person’s bank statement as his available balance.

To understand how ledger and available balances work, consider a bank account with a ledger balance of £200 . Of this amount, a bank account holder may have a check for £50 that is pending payment from his account as well as a debit card transaction of £40. In such a case, the account holder has an available balance of £110 that he can withdraw, according to the terms of his account. Though his ledger balance reads £200, he cannot withdraw the entire amount because £90 of it is pending payment. Once the check and debit card payments are completely processed, his ledger balance, in such a case, will drop to £110 until he either makes another deposit or another withdrawal.

Understanding the difference between these balance types can be important in avoiding overdrawing one’s account. If a person considers only his ledger balance, he may write checks or arrange payments for more than he actually has available. This can lead to overdraft fees from his bank as well as fees charged by the company or person to whom he wrote the checks or made the payments.

[charon]

geordie_vaper

Ahhh what the hell just use your credit card and worry about the payments next month!!








Edit...Obviously I would never advocate over spending on anything.. The above is a humorous reposte!!

[fred]

Feb 4, 2014 13:41:29 GMT charon said:

geordie_vaper

Ahhh what the hell just use your credit card and worry about the payments next month!!








Edit...Obviously I would never advocate over spending on anything.. The above is a humorous reposte!!

Are you on the right forum? 
icon_shoppingm

[charon]

fred

Let me see..................Kind, considerate, well adjusted members who care about the environment, Dilligently follow the advice and instructions handed down fom our Political masters (EU and GB)

Politically Correct in all matters and never dream of overstepping the mark in any comments...... Yup looks like this is the right forum

[fagin]

Feb 4, 2014 9:55:32 GMT geordie_vaper said:

i feel like taking all it out but if i want new vape stuff i will need it in my bank

Feb 4, 2014 10:19:54 GMT fiddles said:

Short version. Tough luck.

[geordie_vaper]

whats the long version