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Check Hold

in Glossary

This term refers to the number of days an institution can hold funds legally from a deposited check, before they can be credited to the account of the depositor. The length of the check hold is designed to determine the number of days it would take for an institution to collect funds from the person who wrote the check.


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Related ChexSystems Banking Information:

  1. Check Hold
  2. Check Clearing
  3. How to Stop Payment on a Check
  4. EFT
  5. E-Check

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