Understanding account balances

Commander Finance shows two key balance types on each account:

• Available Balance: the amount you can spend or withdraw right now, reflecting all transactions, including those that are pending.
• Current Balance: the official amount in your account, based solely on settled transactions.

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How balances work by account type

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Credit accounts, such as credit cards

Current Balance: the total amount you owe, based on all settled charges and payments. This is the balance you would typically see on your credit card statement. Remaining Credit: your credit limit minus all transactions, both pending and settled. It represents the total credit remaining and adjusts immediately with each purchase, even before transactions settle.

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Depository accounts, such as checking and savings

Current Balance: the total amount in your account, determined by settled deposits and withdrawals. Available Balance: the amount you can use or withdraw right now, determined by adding all pending deposits and subtracting all pending withdrawals from the current balance. This includes deposits that haven’t yet cleared and withdrawals that are still processing.

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Loans, such as auto or student loans and mortgages

Current Balance: the outstanding amount you owe on your loan, which typically decreases with each payment.

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Why your balances might differ

Your available balance and current balance may not always align, often due to pending transactions—those authorized but not yet settled.

• Pending transactions affect your available balance right away but only update your current balance once they settle.
• For instance, a purchase might appear as pending for a few days before it settles and reflects in your current balance.

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Common questions