No, the funds stay available in the sender's account until recipient accepts the transfer. Once the recipient has followed the steps needed to accept the funds, they will appear in the recipient’s account in 1-2 days. The recipient has 10 calendar days to accept the funds before the transaction is canceled.
Should you wish to put the funds on hold in your account to until the recipient accepts the transfer, login to online banking and select the “Add Transaction” option. Next enter the date, description, and amount. The hold will be displayed at the top of the transaction history and can be deleted at any time.