by prazad on June 16th, 2008

Question

Help answer this question below.

What is credit/ debit hold how is it different from stop pays

Like
Report

Share:: Facebook; Twitter; Other

Answers. Showing one answer.

by Anonymous on June 16th, 2008
The way it was described to me, a hold is merely a way of checking to make sure the funds are available for a debit transaction. It does not actually make the funds unavailable (as a hold is often for more than the actual transaction), but merely verifies their presence.
Comments
Add a comment...
- Like
- Report
No comments. Post one | Permalink

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

What year did the New York Stock Exchange begin trading in dollars?
by Answerbag Staff on March 4th, 2011 | 1 person likes this
How long are bank wire transfer records kept?
by Answerbag Staff on August 20th, 2010 | 1 person likes this
What Is Truck Factoring?
by Answerbag Staff on August 16th, 2010 | 1 person likes this
What is the validity of a letter of credit after a bank goes bust?
by andread on December 7th, 2011 | 1 person likes this
Bank of America is __________.
by Weyloony on January 1st, 2012 | 4 people like this
More Banking See only professionally researched Banking questions

You're reading What is credit/ debit hold how is it different from stop pays

Follow us on Facebook!

Related Ads

Professionally Researched

About Us

About Answerbag

Sitemap

Professionally Researched Questions

Legal

Privacy Policy

Terms of Use

Disclaimer

Ad Choices
Follow Us on Facebook

Answerbag.com
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Latest Tweet

What is a movie that was ignored you thought great? http://t.co/FsBFmVd7

Follow Answerbag on Twitter!

Answerbag

Question

What is credit/ debit hold how is it different from stop pays

Answers. Showing one answer.

Comments

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

Follow us on Facebook!

Related Ads

Related Questions

I have a direct debit coming out of my bank, say 1st July, but I have insufficient credit at 9.00am in the morning. I bank more than sufficient funds, say at 2.30pm in the same afternoon. Would my bank return my direct debit unpaid?

The correct journal entry for a business remitting PST to the government would be: A) Debit Bank, credit PST Payable. B) Debit Tax Expense, credit PST Payable. C) Debit Tax Expense, credit Bank. D) Debit PST Payable, credit Bank.

The journal entry a company uses to record the payment of a discounted note is: A) debit Accounts Payable; credit Cash B) debit Notes Payable and Interest Expense; credit Cash C) debit Cash; credit Notes Payable D) debit Notes Payable; credit Cash

How do you post receiving money in advance of performing a service ? Debit the Trust Acct and credit A/C Receivable , and when money is earned credit Trust , debit A/C Rec with an adjusting entry of Debit Cash,credit Revenue?

I need help. Is it true that there are no checking accounts in credit cards, but they're available in debit cards?

Professionally Researched

How is a credit union different from a bank?

What does the Statue of Liberty hold in her hands?

How many countries does the U.S. hold an embassy in?

What Army office did Colin Powell hold?

What is a debit hold?

Answerbag.com
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!

Question

What is credit/ debit hold how is it different from stop pays

Answers. Showing one answer.

Comments

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

Follow us on Facebook!

Related Ads

Related Questions

Professionally Researched

Answerbag.com Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!

Answerbag.com
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!