Chase check on hold, what's going on! (2024)

FAQs

Why does Chase keep putting my checks on hold? ›

Banks place holds on checks for a number of reasons, and it doesn't mean the deposit won't ever go through. Banks often hold large deposits to ensure the payor has sufficient funds in their account, to prevent fraud, or to verify the check's authenticity.

The decision to place a check hold is based on several factors such as your account activity, history of frequent overdrafts, or any external information the bank may receive about the check, like if the check has been returned previously or the account it's drawn on has insufficient funds.

How do I deposit a large check without a hold? If you want to be sure a large deposit clears as quickly as possible, ask the payer for a wire transfer, money order, or cashier's check. All of these should be available within one business day. You should also be sure to deposit your check in person at a branch.

Refer to your deposit account agreement for the bank's funds availability policy. If your bank is a national bank or federal savings association, and you believe it is holding your funds longer than allowed, file a written complaint with the Office of the Comptroller of the Currency's (OCC) Customer Assistance Group.

In most cases, a check should clear within one or two business days. There are a few cases in which a check might be held for longer, such as if it's a large deposit amount or an international check. Make sure to review your bank's policies for what to expect in terms of check hold times.

According to banking regulations, reasonable periods of time include an extension of up to five business days for most checks. Under certain circ*mstances, the bank may be able to impose a longer hold if it can establish that the longer hold is reasonable.

Banks place holds on checks to make sure that the check payer has the bank funds necessary to clear it. In addition to protecting your bank, a hold can protect you from spending funds from a check that is later returned unpaid. That's important because it could help you avoid accidental overdrafts and related fees.

Sometimes, a bank can override the hold for you. Those situations include: in an emergency, when a long hold time has been placed on the check, and when you're a customer with an established good history.

See the Clear & Simple Product Guide (PDF) Opens in a new window for more information. For Chase Secure Checking^SM only: Early direct deposit is a service that comes with your Chase Secure Checking account in which we credit your eligible direct deposit transaction up to two business days early.

A "reasonable" period of time can range from two business days to up to six business days. A hold can also be placed if a bank has reasonable cause to doubt the collectability of the check.

How do I remove a hold from my checking account? ›

You can ask your bank to provide an explanation for the hold or sometimes even to release the hold. In most cases, you won't be able to do anything about the hold though, and because all banks have them, you can't switch banks to avoid them either.

Holding Periods: A bank might hold a check for several days before starting the clearing process. This can be due to the check amount, the age of your account, or other factors. Foreign Checks: If someone gives you a check from a bank in another country, it usually takes longer to clear.

A: If a bank places an unusually long hold on your funds without a valid reason, you may have grounds for a complaint or legal action. However, the specific circ*mstances of your case would need to be evaluated to determine if Chase Bank acted improperly or illegally.

The bank can place a hold on the entire amount of the cashier's check if it has reasonable cause to believe the check is uncollectible from the paying bank.