Why does E*trade have a hold on my funds?

Michael Solomich
September 29, 2022
1:16 pm

When you make a deposit into your E*trade account, we place a hold on the funds to protect against potential fraud. The length of the hold varies depending on the type of deposit, but it typically lasts between 3-5 business days. This waiting period gives us time to verify that the funds are available and that the deposit is not fraudulent. It also allows us time to process the transaction so that it can be reflected in your account balance. We understand that this waiting period can be frustrating, but it is essential to ensuring the safety and security of our customers’ accounts. Thank you for your patience and understanding.

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