Does Schwab impose a hold on electronic deposits added to my account?
Kovid KavishMay 06, 2022 · 3 years ago3 answers
I recently started using Schwab for my cryptocurrency transactions. I'm wondering if Schwab imposes a hold on electronic deposits that I add to my account. Can anyone provide some insights on this?
3 answers
- May 06, 2022 · 3 years agoYes, Schwab does impose a hold on electronic deposits added to your account. The duration of the hold may vary depending on the specific circumstances, such as the amount of the deposit and the source of the funds. It is recommended to contact Schwab directly for more information on their hold policies.
- May 06, 2022 · 3 years agoAbsolutely! Schwab has a hold policy in place for electronic deposits. This is a standard practice to ensure the security and legitimacy of the funds being deposited. The hold duration can range from a few hours to a few business days, depending on various factors. It's always a good idea to check with Schwab's customer support for the most accurate and up-to-date information.
- May 06, 2022 · 3 years agoAs an expert in the cryptocurrency industry, I can confirm that Schwab does impose a hold on electronic deposits added to your account. However, the duration of the hold can vary depending on the specific circumstances. It's important to note that this hold is a security measure to prevent fraudulent activities and protect both Schwab and its users. If you have any concerns or questions about the hold policy, I recommend reaching out to Schwab's customer support for further clarification.
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