Which of the following is NOT a hold type offered by IBC?

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Multiple Choice

Which of the following is NOT a hold type offered by IBC?

Explanation:
Holds are about how long funds are kept before they become available. IBC uses standard durations like a two-day hold, a seven-day hold, and a nine-day hold to align with typical check processing timelines. A monthly hold isn’t part of their usual offerings; it would lock funds for an entire month, which isn’t a standard policy. So the option that isn’t offered is the monthly hold. The other durations fit normal banking processing cycles.

Holds are about how long funds are kept before they become available. IBC uses standard durations like a two-day hold, a seven-day hold, and a nine-day hold to align with typical check processing timelines. A monthly hold isn’t part of their usual offerings; it would lock funds for an entire month, which isn’t a standard policy. So the option that isn’t offered is the monthly hold. The other durations fit normal banking processing cycles.

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