When you make a deposit, your funds must go through one of the U.S, Federal Reserve central clearinghouses, which may require your deposit to be put on hold while the funds are cleared. Holds are put in place to protect you and your account in the event that your check does not clear.
Using funds from an uncleared check could result in your account becoming overdrawn and/or cause other outstanding payments to bounce, resulting in potential fees. The best way to avoid experiencing these holds is to request payments as an ACH.
