Deposit holds are placed on accounts for various reasons. Some have to do with the deposit item, such as type or amount. Other reasons have to do with the account, such as age or past behavior. Still others are placed by a computerized system, have nothing to do with either item or account and cannot be released for any circumstance.
The answer to your question is "Yes, but not always." I do hope this helps to some degree.
Yes, a cashiers check can be placed on hold. The hold is determined by a variety of reasons. Account relationship and history, amount of check, and even where the check is drawn from. A cashiers check over $5,000 can be placed on hold, although the 1st $5,000 will not. Fr example, you deposit a check for $7,000 the system prompts for a hold, the first $5,000 will be available immediately and the remaining $2,000 will be on hold based on the routing information of the cashiers check.
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The funds will not be held by simply depositing a check. It may take 1-4 business days for the check to clear you really need to just keep the funds available to ensure the check is cashed. Inadequate funds will result in checked being unpaid, and a nice return of check fee.
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Hold means nothing just to secure your money from theft. So, it may be on hold, if they found some suspicious activity on your account, any fraud case they found, or any activity which could be unusual. They investigate the activity and put off hold if everything found correct.
Otherwise, if its an large check, then they deposit some money to withdraw and left money credited into 2-3 days, just to ensure the check is correct.
Yes, if your account is new, even if you deposit a cashiers check, there will be holds.
Cashier's check means it's guaranteed but depending on your account history, banks might want to collect funds first. I know a lot of credit unions will call BoA to double verify that the cashiers check was made there, so they can release the hold.
Holds can be released.
A cashier's check for 50,000 will be on hold for less time than a personal check. No doubt.
If your cashier's check amount is low and your account isn't new, then there will be no hold. Any cashier's check amount under 5000 is usually good. Since the system will put holds on checks, and one of the reasons are ' checks over 5000', and the system will ask what type of item it is.
Hope this helps, let me know if I can help you further