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What is the Memo Balance Line?

What is the memo balance line of my receipt from the bank?

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It's most likely the amount that the bank has on deposit in your account, adjusted for the deposit that you just made and any other pending transactions. Once all of the day's transactions on your account are processed at the end of the day, the bank will show a new starting balance for the following business day.

Published on BankingQuestions.com 1/03/08