[Leeanna1]

My account says I have 400 dollars and I have a hold on 500 dollars.. will I still be able to take money out of my bank? What does a hold mean?

[Fr_Chuck]

Ok, what should your balance be, ( the balance you keep) should you have 900 dollars and 500 is on hold pending a check clearing ?

Of do you only have 400 dollars but there are outstanding checks for 500

You need to explain your question more

[RaDekk]

You will be able to take money out of your account once the hold expires. The hold will (in most cases) expire once the cheque has cleared all right.

What a "hold" is, is the peroid of time it takes for your bank to receive the money from the bank that the cheque is drawn on. All a cheque is is a piece of paper promising a transfer of sorts. The hold allows that transfer to be completed BEFORE the money is spent.

[JudyKayTee]

The hold can also be the result of a Judgment/lien.