In plain English
This means some of the money in an account has been set aside for the moment. While it is on hold, it cannot be used for spending, withdrawal, or transfer. It stays unavailable until the payment or other transaction tied to it is completed.
In context
Here, "funds on hold" labels the amount of money in the account that has been reserved and is therefore temporarily unavailable to move while a payment or other transaction is being completed.
- Situation
- Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
- What it communicates
- Labels money that is temporarily unavailable to move.
Meaning limits
The term alone does not say how long the money will remain unavailable or which specific transaction it is reserved for.
Examples
“Her balance was £300, but £75 remained as funds on hold until the card payment was completed.”
“With £75 showing as funds on hold, she could transfer only the rest of the money.”