What is the policy of banks putting a hold on your account?
There is a federal regulation -- Regulation CC -- that restricts a bank's ability to place holds on deposits to a checking account. The lengths of those hold limits are based on the size of deposits; whether the deposits are made by check, in cash, or electronically; and generally how far a deposited check needs to travel from the bank where it's deposited to the bank from which it's drawn. Banks are free to determine their hold policies within the limits imposed by the regulation.
The best source for information about a bank's policy on placing holds is the bank itself. Obtain a copy of the bank's Funds Availability Policy (which deals with your access to funds you deposit with the bank). Banks may also place a hold on a deposit account for reasons other than the fact the checks were deposited. Often, the bank has no say in these holds. For instance, a third party, such as the IRS, might have a claim on an account, or a court may order the bank to hold funds while the court is deciding a law suit.
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There is a federal regulation -- Regulation CC -- that restricts a bank's ability to place holds on 