And where exactly would i find/see those balances?At mempool or bitcoin/block explorers?

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You'd see your balance right in your SPV wallet. It keeps a tab by talking to full nodes, making sure your transactions are verified on the blockchain.

For more detail or double-checking, you can peek at block explorers. They'll show ya transactions and balances tied to any Bitcoin address.

Mempool's more about unconfirmed stuff waiting to get into blocks. Different scene! πŸ§πŸ”πŸ’»

What is an spv node?