Why was a hold placed on the check I deposited to my Business Account?

Our general policy is to make funds from your check deposit(s) available to you on the same business day we receive your deposit. However, deposits made at an ATM, whether cash or check, may not be available until the second business day after the day of your deposit. Using Mobile Deposit, deposits made before 1:15 p.m. PT are considered to be made on the same business day. Deposits made after 1:15 p.m. PT are considered to be made the following business day. Every day except Saturday, Sunday, and federal holidays is considered a business day.   

In some cases, funds from your deposit may not be made available to you on the same business day. If a hold is applied, the first $275 of your deposit is generally made available on the same business day. Remaining funds may be placed on hold for two (2) to seven (7) business days, depending on certain circumstances. For new business members (those who have been with Golden 1 Business Services for less than 30 days), the first $275 will be made available on the same business day, and the remaining funds will be made available on the seventh business day. Please refer to the Business Deposit Account Disclosure and Membership Agreement for additional information