A hold means a deposit is recorded in your account but is not yet available to withdraw or spend. Holds protect both you and RMO from deposited items — especially checks — that could be returned unpaid after you have already spent the money.
Common reasons a deposit is held:
- Your account is new (generally the first 30 days).
- The deposit is a large check.
- The check is being redeposited after a previous return.
- The account has a history of overdrafts or returned items.
- RMO has reason to doubt the check will be paid.
When funds typically become available:
- Cash and direct deposits are usually available right away or by the next business day.
- Check deposits often have a portion available the next business day, with the remainder following shortly after.
- Holds on larger or higher-risk deposits may run longer.
Funds availability follows federal rules and RMO's funds availability policy. To check a hold: in MyRMO, compare your available balance to your current balance — the hold release date is shown with the deposit. For details on a specific hold, contact RMO or visit an RMO Retail Center.
Tip: for the fastest access to your money, use direct deposit and deposit checks early in the day.