I have a checking account at two different credit unions. I go to CU (A) to make a deposit to CU (B) through the CO-OP network, where all CUs work together for deposits and withdrawals. My check is put on hold. Which CU put a hold on the check?
Untitled
The credit union that ultimately holds your account is responsible for the hold, regardless of whether it or the other credit union made the decision to place it. As you've described it, it appears that CU(B) holds your account. That's who is responsible for the hold.
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
The credit union that ultimately holds your account is responsible for the hold, regardless of whether it or the other credit union made the decision to place it. As you've described it, it appears that CU(B) holds your account. That's who is responsible for the hold.
