Can I cash out/transfer available balance with BOA that is still processing?
Can I transfer money from BOA Checking to another bank if it says I have the available balance but the posting date is still processing? Or will it charge me overdraft/etc? Or should I just stay safe and wait for it to post then do the transfer?
- PearlLv 71 month ago
i would talk to your bank about it
- Anonymous1 month ago
any processing transactions puts a hold for that amount. So yes, you could get an overdraft if you pull money in excess of what you have. If you have $1000 in there and $50 is processing, your available should say $950 and thats the most you should pull out. That would not cause an overdraft. You don't have to wait for a processing transaction to post as long as if & when it does, you don't go over your limit. I might be getting a credit card confused with a bank account?