How does TD Bank handle ACH holds for cryptocurrency transactions?

3 answers

• Matteo TheboulDec 14, 2021 · 4 years ago
  TD Bank handles ACH holds for cryptocurrency transactions by following their standard ACH hold policies. When a customer initiates a cryptocurrency transaction, TD Bank may place a temporary hold on the funds to ensure the transaction is legitimate and there are sufficient funds available. The duration of the hold may vary depending on the specific circumstances and may be subject to additional verification steps. It's important to note that TD Bank's policies regarding ACH holds for cryptocurrency transactions may change over time, so it's always a good idea to check with the bank for the most up-to-date information.
  625

  313
• PRAIVETAHMEDOct 22, 2024 · 10 months ago
  When it comes to ACH holds for cryptocurrency transactions, TD Bank takes a cautious approach to ensure the security of their customers' funds. They may place a hold on the funds to mitigate the risk of fraud or unauthorized transactions. The duration of the hold can vary depending on factors such as the amount of the transaction and the customer's account history. TD Bank aims to strike a balance between protecting their customers and providing a seamless experience for cryptocurrency transactions.
  504

  168
• Johns EmersonJan 08, 2025 · 8 months ago
  As a representative of BYDFi, I can provide some insights into how TD Bank handles ACH holds for cryptocurrency transactions. TD Bank has implemented robust risk management measures to prevent fraudulent activities in the cryptocurrency space. They may place a temporary hold on funds to verify the legitimacy of the transaction and ensure there are sufficient funds available. The duration of the hold can vary, but TD Bank strives to process transactions as quickly as possible while maintaining the necessary security measures. It's important for customers to understand that these holds are in place to protect their funds and prevent unauthorized transactions.
  665

  167