* "He held money in" is incomplete. You need to specify what he held the money in. For example:
* "He held the money in his hand."
* "He held the money in his pocket."
* "He held the money in a safe deposit box."
* "He handed in" is also incomplete. You need to specify what he handed in. For example:
* "He handed in his resignation."
* "He handed in the assignment."
* "He handed in the money he owed."
To give you the correct grammar, please provide more context. What was he doing with the money?