No, having money in holdings between transactions is as standard thing to do in many situations. Fully transferring the money with a “requirement” for a refund

No, having money in holdings between transactions is as standard thing to do in many situations. Fully transferring the money with a “requirement” for a refund in a “timely manor” is what we have now. With some proper committing the money 6 months before takeoff, and not getting it back until the “timely” refund lands in their bank account 6 months after the flight is canceled.