The phrase "to release the funds" means to allow or make money available for use or distribution.
Sentences with «to release the funds»
Your mortgage company may want to inspect the finished job before releasing the funds for payment to the contractor. (rmiia.org)
It was really hard to tell them that unfortunately, we could not release the funds without the owner's signature or legal death certified paperwork. (thecollegeinvestor.com)
We asked the seller to sign the mutual release so that I could release the funds from my trust account. (remonline.com)