When the hold expires, this doesn't mean the deposit you made is guaranteed to clear, as counterfeit or fraudulent cheques can take much longer to clear and would be returned to your account as a worthless item. The hold period is designed to account for the time it takes for most negotiable items to clear back to the bank they are drawn on. Any hold placed on the portion of your deposit that isn’t immediately made available to you provides you with a measure of protection.
You agree to be responsible for any negotiable item (cheque, draft, money order) that you deposit into your bank account based on the terms of the account agreement in effect from time to time in relation to your account. This limit is set when the account is opened. Your Access to Funds limit is the amount of funds available to you right away when you make a deposit.
Your funds could also be on hold because of a recent deposit that exceeds your Access to Funds limit. When you make a deposit to your personal account(s), a fixed waiting period may apply before the funds are made entirely available to you.
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