What is a hold on a bank account?

Answer A bank account hold occurs when a financial institution limits a customer's access to the funds in his bank accounts in order to protect the bank from suffering a loss. Federal Reserve Regulation C... Read More »

Top Q&A For: What is a hold on a bank account

Why Would My Bank Put a Hold on My Savings Account Without Telling Me?

When you deposit a check into your bank account, it can take several days before your bank receives the money held in the check from the check writer's bank. Regulation CC of the Federal Reserve Bo... Read More »

When wages are garnished can they put a 21 day hold on your bank account?

The bank can put a hold on funds for up to a total of 21 days. At the end of the 21 days, the bank must send the funds to the IRS or the party that has garnished your wages.References:Centsable Acc... Read More »

How to Transfer Money Online From Bank Account to Bank Account?

The ability to quickly move money from one bank to another is important in today's fast-paced world. Whether you need to cover a check or just find a better interest rate, moving dollars from one b... Read More »

If My Bank Account Is Closed by the Bank, Does It Mean I Can't Open Another Account?

Banks close accounts for a variety of reasons, and depending on the reason your bank closed your account, you may find it difficult to open a new account at the same bank or even at another institu... Read More »