Welcome > ADMA > Your Enquiry > Billing & Your Trust Account > Bank holds on trust cheques, certified cheques, and bank drafts
The following are resources that may be helpful in answering your enquiry. Please familiarize yourself with them before moving on.
In brief: Financial institutions can place holds on trust cheques, certified cheques and bank drafts in order to verify that the funds are available from the account at the financial institutions from which the financial instrument is drawn. The practice resource below features risk management tips to reduce the risk of holds causing potential issues with closings and lawyers’ undertakings.
Practice Resource - Did you know that banks can place holds on trust cheques, certified cheques and bank drafts? (May 2024)
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