What is the definition of credit hold period?

The Withdrawal Hold Period is the number of days before the customer may withdraw the funds deposited. The Withdrawal Hold Period begins on the Entry Date and ends after the close of business of the relevant day.

For example, six business days means withdrawal can be submitted on the seventh business day…

Open Banking deposits have a 3-business-day hold period. During this time, you cannot withdraw funds or make internal transfers. Funds will become available after the 3-business-day hold period expires.

Additional Information…

The credit hold period on check deposits depends on the check currency:

• USD Checks: Funds are credited to the account after a 7 business day credit hold, with the exception of Bank Checks, which are credited immediately.
• HKD Checks: The Withdrawal Hold Period is 3 business days (you may withdraw funds after 3 business days)…

Credit and withdrawal hold times depend on the transfer method chosen.

For example, a wire transfer will credit to the account immediately upon arrival, while there is a withdrawal hold period of three business days…