Anonymous asked in Business & FinancePersonal Finance · 1 month ago

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?

2 Answers

  • Pearl
    Lv 7
    1 month ago

    i would talk to your bank about it

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  • Anonymous
    1 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? 

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