Holds are manual reservations of funds in a savings account created by users to prevent withdrawal of specific amounts while still allowing other transactions.

What are holds?

Holds are manual reservations created by users:

• Created directly on the savings account through the "Create Hold" action
• Used for general purposes like pending transactions, compliance requirements, or dispute resolution
• Released manually by users when no longer needed
• Shown alongside automatic liens in the Liens tab

Holds vs Liens

Unlike automatic liens which are created for loan guarantees:

• Holds are manual - Created by users through the interface
• Holds are flexible - Can be created for any purpose
• Holds are independent - Not tied to loans or other transactions
• Holds require manual release - Users must explicitly release them

Both holds and liens appear in the Liens tab and affect the available balance in the same way.

After authenticating, you can:

• Create holds - Manually reserve funds in savings accounts
• Release holds - Make manually reserved funds available again
• View all holds and liens - See both manual holds and automatic liens

How holds work

When a hold is created:

• The hold amount is immediately reserved from the available balance
• The account balance remains unchanged
• The available balance decreases by the hold amount
• Multiple holds can exist on the same account

Common use cases for manual holds:

• Reserving amounts for pending transactions
• Meeting regulatory or compliance requirements
• Holding funds during dispute resolution
• Temporary reservations for administrative purposes

Related Topics

• Liens - Automatic holds for loan guarantees
• Viewing liens - See all holds and liens
• Blocking savings accounts
• Unblocking savings accounts