What does "money on deposit" mean?

What does "uncollected protection deposit" on my checking account mean?

  • I had fifty dollars in my checking account, then I check later and I have one hundred and fifty dollars. A deposit of $100 was made with the title "uncollected protection deposit". I'm not going to use the money until I know where it came from, so does anyone know what it could mean?

  • Answer:

    You need to call your bank and find out what it is.

Madison at Yahoo! Answers Visit the source

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