bank deposit holds: Understanding and Avoiding Bank Deposit Holds
- 08/26/13 09:40 AM
Understanding and Avoiding Bank Deposit Holds Making a deposit in your bank or credit union account often is only the first step in having access to your funds. Sometimes it may appear that your bank is playing keep-away with your money when they place holds on your deposits. In fact, there are strict regulations regarding how long financial institutions can place a hold on your funds. There is a law, the Expedited Funds Availability Act, through what is known as Regulation CC, which governs the length of time a bank may place a hold on funds deposited in a variety of … (3 comments)
Understanding and Avoiding Bank Deposit Holds
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