Does the credit union put a hold on checks?
Yes, a hold is essentially a temporary delay in making funds available in your account. TCT may place a hold on a check or deposit you make into your account to ensure the funds clear before they are made available to you. A hold is put in place to protect you and the credit union. If you spend the money you received from the deposit, but it is returned to the credit union and not paid, then you will have to cover the negative balance. Please reference our Funds Availability Policy.