Can banks put a hold on your money?

I have a checking and savings account and everytime i deposit money, they put like half on hold for atleast ten days.
They say its because the system has to get used to my transactions but i have bills to pay and they are causing me to pay late fees. Is there anything that can be done? ps i have washington mutual
Answer:    "i have washington mutual". That's your problem right there. Don't you know WAMU stands for We Are Messed Up? My husband and I had dismal experiences with WAMU, one involving our mortgage and another involving accounts for his parents, who are not U.S. citizens.

Check with credit unions in your area. Years ago you had to be a member of a trade group to participate in a credit union, but now alot of them are open to anyone. Before you sign up for an account, tell them what sort of deposits you will have (such as your paycheck) and ask how long of a hold will be on it. I use a credit union and am very satisfied.

Credit unions are non-profit, so they're not trying to rack up money to pay shareholders.
hey HOLD YOUR ACCOUNT UP FOR MONEY PURPOSES THE LONGER THEY HOLD PEOPLE MONEY THE MORE INTEREST THEY GET. ESPECIALLY IF IT IS TOWARD THE END OF THE MONTH. CALL MAIN BRANCH AND TALK TO SOME THERE.
change banks, that's bs. banks compete for your money find one that works harder for you
Not all banks put holds on your money, but they can. Ten days seems excessive. I would switch banks.
The best advice is to cash your check from where it comes from most come from fleet boston and thats bank of america. What i´ve done is cash it from where it comes from than deposit it in your account.

Related Questions and Answers...