Can I Use Money That Is Still Processing Bank Of America

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Why does the bank place a hold on my deposit?

The hold allows us (and the bank paying the funds) time to validate the check – which can help you avoid potential fees in the event a deposited check is returned unpaid. Keep in mind, though, that a check may still be returned unpaid after funds have been made available to you. Please refer to your Deposit Agreement and Disclosures for complete information.

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How do I know that a deposit hold has been placed on my account?

We inform you of a deposit hold in a variety of ways, depending on how the deposit is made:

ATM deposit: We'll tell you of any hold on both the ATM screen and your printed receipt.
Financial center deposit: Your deposit receipt will include a notice of any hold.
Mobile deposit: The deposit confirmation screen on your device will tell you of any hold.
Email alert: If a hold was not originally placed when you deposited the check and we later determine one is necessary, an alert will be sent to the email address you've provided to us.
Mail notification: If a hold notification wasn't provided at the time the deposit was made (for example, a deposit you make by mail), a hold notice will be sent to the mailing address you've provide to us. If you've opted in to receive paperless documents, you can view the hold notice in your Online Banking account.
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How long will the hold on my deposited check be in place?

Deposit holds typically range from 2-7 business days, depending on the reason for the hold. For deposits made on weekends, funds are considered deposited on Monday (the first business day), so the hold will go into effect the next business day (Tuesday).

In some cases, the length of the hold can change based on new information we may receive or discover. If this happens, you will be notified promptly through mail and/or email.

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How can I avoid a hold on my deposit?

You can avoid a hold on your deposit by encouraging individuals and business entities paying you to use electronic payment solutions such as direct deposit, Automated Clearing House (ACH) payments, online transfers, wire transfers and peer-to-peer services such as Zelle®. These types of payments are typically available the same day they are received or scheduled to occur. Watch a video about how to avoid deposit holds

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