Can My Bank Wait to Give Me Access to the Money I Deposit?

Last updated: March 28, 2016


Banks can place "holds" on checks for a variety of reasons:

  • Banks may hold a check because the collection of the money may be in doubt or the check looks suspicious.
  • Holds may also be placed when a large dollar amount is deposited or when funds are deposited into a new customer's account.

You may wish to review the account agreement you received when you opened your account.

  •  It has details about your bank's funds availability policies and procedures.
  •  A bank must give you a copy of its deposit availability disclosure upon request.

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