Definition of Account Hold
What does the term "account hold" mean as it applies to the world of banking? What is meant by the term account hold?
In banking, an account hold typically occurs when a deposit is not immediately credited to an account.

Holds can range from a day to many business days, depending on the circumstances involved (size of check, origin of check, customer's history with the bank, etc).
A hold can be placed on an entire account if there have been suspicious transactions. This is usually done in cases of identity theft.
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