Eli5 How pending money be a part of available balance?

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Like you don’t have the money because it’s pending, right? How can you spend it?

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Anonymous 0 Comments

its a line of credit, but not credit as you know it

pending money means your bank can see it coming in, and if they make it available for you to spend then that means your bank is confident that money they can see is coming will arrive

it’s how you can deposit money into a poker website and play straight away for instance. if you are depositing from a source they trust then they will extend you credit to play upto the value you said was heading towards them. even if the poker site hasn’t actually received the funds yet

thats what your bank is saying when they let you spend money pending. They trust the money will arrive

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