A "hold" is money that the bank has either chosen or is not allowed to make available to the customer yet. "Holds" originate from cheque deposits waiting to clear, notice of returns, notice of collection, debit card purchases or direct deposit.
A "hold" refers to funds that a bank has either selected or is not permitted to make accessible to the customer at this time. These "holds" typically arise from cheque deposits in transit, notifications of refunds, notifications of collections, debit card purchases, or direct deposits.