When making a deposit, you typically want to receive the funds as soon as possible. However, depositing a check may sometimes result in a hold. The lengths of these check holds can vary depending on the source of the check or the dollar amount the check is worth.
Check holds are designed to protect both you and the bank. Hold times give the bank time to verify that the check is legitimate and the payee has enough funds to back it up. This is also why the bank may ask for additional forms of verification, such as pay stubs, statements, invoices, etc. Ensuring that your deposit is legitimate can help prevent the check from being returned or overdrafting your account.
There are several reasons why a hold may be placed on a check deposit. Some common examples include:
To avoid having a hold placed on your check deposits or minimize the overall hold time, here are some things to do:
Effortless Payments
Although banks may release the funds after you deposit a check, there is still a chance that the check may be returned unpaid. If a check is found to be fraudulent or returned due to insufficient funds, the deposited item(s) will be reversed, and you will be responsible for any negative balance in your account.
We understand that sometimes you need to receive funds quickly and holds placed on checks can be inconvenient. To receive funds quicker, you can encourage payments to be made via ACH or wire. Wire transfers typically get to you within one business day. ACH transfers can take between 2-3 business days to be received.
Brana Webb is a versatile marketing professional with a decade of experience leading brand, content, and digital strategies across industries ranging from financial services to consumer goods. With 8+ years of experience driving brand growth and customer engagement across the banking and fintech space, she has developed a strong track record of translating complex ideas into compelling campaigns that resonate with target audiences. In her current role at Grasshopper, she leads strategic marketing initiatives that support product launches, deepen client relationships, and fuel business growth. With a background spanning both in-house and freelance work, Brana brings a thoughtful, creative, and data-informed approach, helping teams connect more meaningfully with their audiences and move faster toward their goals.
