Found out my bank holds mobile deposits for two full days even if they show up right away

I deposited a check through my phone app on Monday morning and it showed in my balance right then. But when I went to pay a bill on Tuesday, the money wasn't actually there to use. I called customer service and they told me the full amount gets held for 48 hours, even though it looks available. I had no idea they did that. Has your bank ever held a mobile deposit longer than they said they would?

2 comments

2 Comments

matthewh281mo ago

Yeah, that's their favorite magic trick. They make the money appear in your account, then tell you it's just an illusion for two days. It's like they're training us to not trust our own eyes.

patricia_wells1mo ago

Wait, they hold it for two days even when it shows up? I always thought once it was in the balance, it was good to go. My bank did something similar last month with a bigger check. It showed as pending but they put a longer hold on it without telling me. Made me miss a payment. Now I just assume nothing is real for at least three days.