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Bank Hold on a Check
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Mark (EC,IN)
Posted 1/13/2021 18:38 (#8748762)
Subject: Bank Hold on a Check



Schlegel Farms, Hagerstown Indiana
How long does your bank put a hold on a large check?

I deposited one in and they said 10 days hold for the biggest part of it.

I've never had a hold put on a check before, and it was from a well known local company (grain purchase).

I might have understood had it been a personal check ..... but not from a business.

When questioned they said it was because of new regulations.

It's not going to cause a problem this time, but who knows down the road.

The branch manager said the only way around it is to have the money wired.
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