Difference Between Account Balance and Available Balance
Account Balance vs Available Balance
Although they sound similar to each other, there is a difference between account balance and available balance. Available balance directly affects the cash deposits or withdrawals, but the account balance in the bank account takes time to update the changes, either cash increases for the deposits or cash reduces for the withdrawals. This article describes the meaning of account balance and available balance in the accounts and the difference between account balance and available balance, in detail.