Deposit Hold

A deposit hold is a temporary restriction on access to deposited funds. Banks place holds to manage the risk of returned items, especially for checks.

Holds reduce your available balance until the funds are made available. Hold times vary based on deposit type, amount, and account history. Hold rules are governed by Regulation CC in the U.S.

Related Terms

Available Balance

Available balance is the amount of money in an account that can be immediately withdrawn or used for...

Check

A check (or cheque in British English) is a written order instructing a bank to pay a specific amoun...

Bank Statement

A bank statement is a document issued by a financial institution that summarizes all transactions in...

Pending Transaction

A pending transaction is an authorized payment that has not yet been posted to your account. It temp...

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