I currently have a hold on my account. I was not told why the hold was put on it. What should I do?
Untitled
Call your bank. Holds are placed for a variety of reasons and some are beyond the bank's control. If you made a deposit, the bank can choose to hold your account. If the bank receives a court order, they have to hold a set amount, or possibly all of the funds in the account. If you call and they say they can't tell you why, but that they know it should be there so you can't access your money, call your attorney. Banks are required to impose holds if the IRS tells them to, or a court imposes a judgment which could be from a lost defense case, child support or some other issue.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Call your bank. Holds are placed for a variety of reasons and some are beyond the bank's control. If you made a 