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Credit union withholding full check deposit funds

💸 moneysocial problemSingle report ●●●●● severity 3/5

A credit union member reports that their $3,800 check deposit was placed on an extended hold without any partial funds availability, despite their history of receiving partial access to deposited funds.

Who's affected: A credit union member

⚠️ Single report. This is one person's account. We mark it so until more voices confirm it.

What people do today

🔧 Fix this

Ideas a builder, maker or community group could start on:

  1. A dashboard tool that tracks and visualizes bank-specific check hold policies and historical user experiences for specific institutions.
  2. A template letter or guide for customers to formally request a reconsideration of hold periods based on account history.
  3. A policy proposal for standardized, transparent 'funds availability' disclosures that must be provided at the moment of deposit.
I want to build this

Real voices

“they did not give me any funds availability like they usually do.”

Source: Stack Exchange (money) · CC BY-SA 4.0, user-contributed content from Stack Exchange; summarized and modified

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