Holding memos for a certain time has become a common problem among chase customers. The delay can be 1 or 2 days which sometimes turns into a 7-day or 10-day hold. In fact, any check takes a little time to be cleared but being on hold for a couple of days, of course, requires an explanation.

Usually, the chase takes the highest 2 to 5 business days to clear a check on hold which is naturally more than a week in calendar days. Since business days’ criteria vary depending on the company or industry, it will be different in every case.

The reason why your memo is on hold will be different from others also. That’s why there are lots of possible reasons and ways to find out why chase is holding your check for 7 days.

Why is my check on hold for 7 days chase?

The hold happens due to many reasons and the sole reason is to prevent both the customer and the bank from being in any financial crisis. To avoid major accidents occurring, your bank will hold on to your check for going through papers, liability, and other information.

Transacting a large amount

Transferring money requires a pace and you can’t rush certain things. If you deposit or transfer a massive amount of money, any bank will hold the transfer to check whether there are enough funds in the account. Sometimes, transferring through a check gets hold memo dr for the exact same reasons.

The holder has to have that amount of money in their account for transfer. Without checking, the bank won’t just transact the money from their own pocket which is common sense. Though this is a possibility that can happen, this over-drafting may cause you headaches in the future. That’s why you should keep the hold in mind before transacting a large amount. Otherwise, if you want to transfer in an emergency, the holding may cause you problems.

Each bank has posed a certain amount that can be transacted without any issues in a day. If that norm is broken with even more money for transfer, the bank will hold it to check the liability and certain things.

Issuing the check during non-business days

As we have said, the business days issue plays an important role here. Normally a day in our calendar has nothing changes in it. But a business day means the working work of the company or the bank. Some company has 3 days a week compared to business days and some have more or less. Holidays are also non-business days. If a week has no holidays with Saturday and Sunday being the holiday, the bank will have five business days a week and that also are limited to business hours.

If your check is on hold due to this reason, you have to wait until the bank’s business hours to solve it. Suppose, tomorrow is Thursday as well as a national holiday. You made a deposit after the working hour is finished. Including Saturday and Sunday, your check will be seemed deposited on Monday morning. This means, the bank will not include those three days and start the business as if you just deposited that Monday morning.

Now, even if you say that they hold your memo for 3 days without reason, you are at fault because you are back to day 1.


The check being difficult to process is another reason for the hold. If you mistake the date of deposit even a day before or after, the bank will impose it as uncollectable. In a nutshell, you deposited the check today but the date is for tomorrow, so it won’t get processed. The same thing goes for being an old check as well.


When your account does not have sufficient funds but you made a transfer or deposit anyway to transact, the bank will pay it from their own fund. It will be your borrowing from the bank and you must repay it within a certain date. It is called an overdraft. A continuous overdraft will make the bank question you and suspect that you won’t pay it back. As a result, your check will be on hold.

Frequently asked questions


Beatrice has started writing to research more to have in-depth knowledge of things she has an interest in and this journey of hers has contributed a lot to our writing team.

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