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Home >> Checks/Money Orders
Hold Times for Different Checks
If I deposit a local check for $4100 and a non-local check for $6000, is each check's hold calculated separately?
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 The answer will depend on your bank's policies on funds availability. The bank may place no hold at all, or it may place holds up to the limits allowed by law.
The first $100 of the check total should be available on the business day after deposit. That $100 can come from either check, or from both. The local check can be held until the second business day after the day of deposit, and the non-local check until the 5th business day (usually one calendar week). If you deposit the $10,100 on Monday, $100 should be available on Tuesday, $4,000 on Wednesday and $6,000 on the following Monday.
The bank could elect to extend the hold on the excess over $5,000, if it gives you notice. Assuming the worst case (for you), that could mean $100 available on Tuesday from the local check, $4,900 on the following Monday from the non-local check, $4,000 of the local check two days later (the 7th business day), and the balance of the non-local check ($1,100) on the second Tuesday after the deposit (the 11th business day).
There are other circumstances under which the bank can place an extended hold, with notice, and they can change the schedule of availability considerably. To be safe, you should always ask the bank exactly when funds will be made available to you.
Published on BankingQuestions.com 5/07/09
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