Chase Bank's Hold Rel Mem Cr: What They're NOT Telling You

Banks place holds for various. 7 business days isn't a crazy hold time considering the amount of the check. When i've deposited smaller checks with chase it's available almost immediately. Banks will generally hold all forms of cheques (drafts, lawyer's trust cheques, whatever), it's a form of risk transferring. They are in the business of cashing cheques, there is a risk of.