process
ACH Hold
An ACH hold is a temporary debit placed on a bank account before a transaction settles, typically during application underwriting verification.
Last updated Reviewed by ICG Funding
Definition
What it means.
When ICG verifies bank ownership during underwriting, a small test deposit or micro-debit is sometimes placed and released the same day. These appear as "pending" on the statement and never actually leave the account.
If you see an unexpected ACH hold from a funder you applied with, it is usually either a verification transaction or a first regularly scheduled payment. An ACH hold is not the same as a pre-authorization freeze from a card network.
Now what?
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