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I have a check where it says hold rel mem cr but nothing about returned or bad check. The expected available date hold was lifted and money is in my available balance, i dont see any negative charges on statement only hold rel mem cr pending. Hold rel mem cr what does it mean?
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Its a temporary delay on your deposited funds that stands for hold relinquished member credit. It has also been referred to as hold released member credit. The prior status to this may be hold memo debit or simply hold. Can i use to my funds?
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In this guide, ill take you through why hold rel mem cr may be showing up on your financial statements and what actions you need to take when you see it. What does hold rel mem cr mean? The general consensus is that hold rel mem cr refers to a check deposit thats held by your bank for a few days. The term hold rel mem cr stands for hold relinquished member credit. It is a temporary hold on your deposit funds that chase bank specifically uses.
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