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When can Bank Put Hold on Account?

I had six CDs with my bank eighteen months ago. Now they are telling me that they made a mistake by paying one of my CDs two times. They placed a hold on my account while they are investigating this issue. Can they put a hold on my account because of this?


Offer to allow them to withdraw the funds from one of the CDs that you still have at the bank if you and the bank agree that they paid you twice. That should make them feel more secure.

Published on BankingQuestions.com 4/30/08