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What's the difference between Ledger Balance and Current Balance on a bank's web site?

Asked by elbanditoroso (15927 points ) May 7th, 2014

My bank upgraded their software on May 1, and I was looking at the display for my account.

There’s a new column on the far right labelled “Ledger Balance” – it appears on the far right column. The row that it appears on is marked “Daily Ledger Balance”.

It is always the same $$ amount as the “Current Balance”.

What’s the difference, from an accounting standpoint, and should I care?

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