A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- CheckA written, dated order instructing your bank to pay a specific amount from your account to the person or business named on it.
- Mobile Check DepositDepositing a paper check by photographing its front and back with your bank's app instead of visiting a branch or ATM.
- Available BalanceThe money in your account you can actually spend right now, after subtracting holds and pending transactions from the total balance.
- Checking AccountA bank account built for everyday spending, letting you deposit money and pay for things with a debit card, checks, or transfers.
- Pending TransactionA payment or deposit that has been authorized but not yet fully processed, temporarily affecting your available balance.
- Direct DepositAn electronic payment, such as a paycheck or benefit, sent straight into your bank account instead of arriving as a paper check.
Turn this into a brick
Knowing what Deposit Hold Period means is knowledge — the first half. A brick gets placed when you act on it.
More in Banking
Account NumberAccount ReconciliationACH TransferAPR (Annual Percentage Rate)APY (Annual Percentage Yield)ATM (Automated Teller Machine)
Plain-English education — not personalized legal, tax, or investment advice.