How does Schwab handle deposit holds for digital currencies?

1 answers

• Dec 25, 2021 · 3 years ago
  As an expert in the field, I can provide some insights into how Schwab handles deposit holds for digital currencies. Schwab understands the unique challenges and risks associated with digital currencies, and they have implemented specific policies and procedures to address these concerns. When a deposit hold is placed on a digital currency transaction, Schwab will carefully review the transaction details and conduct additional verification to ensure its legitimacy. This may involve requesting additional documentation from the customer, such as proof of ownership or transaction history. Once the necessary verification is complete, Schwab will release the funds and the hold will be lifted. Schwab's priority is to protect their customers' assets and prevent any potential fraudulent activities. It's important for customers to understand that the length of the hold period may vary depending on the specific circumstances and the amount of funds involved. However, Schwab strives to handle these situations efficiently and transparently to provide the best possible experience for their customers.
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