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Deposit in use

Updated over 3 weeks ago

"Deposit in use" is the part of your deposit that is currently covering your current balance.

A Quick Example

  • Total deposit: $1,000

  • Current balance: $600

  • Deposit in use: $600

  • Available deposit: $400 (Can be used for paying rent, bills, etc.)

Paying Your Balance

  • If you pay from an external bank account:

    We withdraw $600 from the bank. The $600 hold on your deposit is lifted, so your available deposit goes back up to $1,000.

  • If you pay from the deposit:

    We move $600 out of your deposit. Your new total deposit is $400, which is also your available deposit.

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