Hold on Your Account definition

Hold on Your Account. Funds are still in your account but we will not allow you to withdraw them. A hold may be placed because of delayed funds availability, a court order requiring us to prevent withdrawals, or other reasons. The amount of a hold reduces your available balance by that amount.
Hold on Your Account means a restriction placed on an amount of funds in your Account that prevents you from withdrawing or using those funds. A Hold on your Account may be placed under our Funds Availability Policy, a court order requiring us to prevent withdrawals, a preauthorized card transaction not yet presented for payment but for which the bank has a legal obligation to pay, a reasonable belief to avoid a loss, a Mobile Check Deposit hold, or other reasons.
Hold on Your Account means that the funds are in your account but we will not allow you to withdraw some or all of them. A hold may be placed because of delayed funds availability, a court order requiring us to prevent withdrawals, or other reasons. The amount of a hold reduces your available balance by that amount. “Item”: means any check, ACH, funds transfer, fee, charge, deposit or other amount that is added to or subtracted from your account.

Related to Hold on Your Account

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.