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Home >> Checks/Money Orders >> Checks You Received
Half-Processed – Hold on Remainder
I deposited a check for $10,666.55 at Bank Of Hawaii, in Hawaii. A hold was placed on it for $4,900, for two business days, and the balance of $5,666.55 was held for seven business days. How can a check be half processed? If the check clears in two or three business days, is it deposited in our account at that time?
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 The holds don't mean that the check was half processed. Your bank is permitted to place extended large check deposit holds on deposits with more than $5,000 in checks. The first $5,000 of the checks deposited is made available under the bank's normal schedule, which makes the first $100 available on the first business day following the date of deposit, and the next $4,900 available either on the second business day, when the checks are drawn on banks in the same check processing region as your bank -- in this case the Los Angeles region -- or the fifth business day for other checks.
The check deposit amount over that first $5,000 can be held -- with notice to you -- for an additional five business days when the checks are drawn on other banks in your check processing region. That would make the $5,666.55 available on the seventh business day after the date of deposit, which appears to track your experience.
Published on BankingQuestions.com 7/23/08
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