Hold

A hold is when a financial institution blocks off a certain amount of money from being withdrawn. This is usually done to make sure that the account holder has enough funds to cover a transaction. For example, if you are buying a car, the dealership may place a hold on your account to make sure that you have enough money to cover the purchase. Holds can also be placed on accounts when there is suspicious activity, such as large or unusual transactions.

Terms A-Z

Stay On Top Of Industry Trends

By providing my email address, I agree to StableMARK.com’s Privacy Policy