Check Hold

in Glossary

A “check hold” is the number of days that a financial institution can legally hold uncollected funds before crediting a customer’s account balance and allowing the use of those funds.  If you open a new non ChexSystems bank, you will usually need to understand the concept of “Check Hold”.


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Related ChexSystems Banking Information:

  1. Check Hold
  2. Cashiers Check
  3. Minimum Average Balance to Avoid Fees
  4. Checking Accounts: How To Find a Free Checking Account
  5. Checking Account Fraud — Types of Check Fraud

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