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i want to cash my paycheck and just get the money back so that i can purchase a couple of things as well as payback money to those who i owe money. Is it possible to do that or does the check have to be placed on hold. if it does how long does that take?
Dominique, washington dc
January 21, 2015 11:47:24 AM
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In reply to Dominique, washington dc
Hello, Dominique. Welcome to TD Helps! We thank you for your question today and are happy to respond.
If you have a TD Bank deposit account (such as Checking, Savings, Money Market account) and this check is drawn on TD Bank, it can be cashed at any TD Bank location with your valid photo ID. To find out TD store locations near you, please visit, http://bit.ly/TDStores. Please keep in mind that if the check is not drawn on TD Bank, it can still be cashed at any TD Bank location with your valid photo ID as long as you have sufficient funds in your account to cover the amount of the check. If not, you will need to deposit this check instead.
Generally speaking, when making check deposits with a Teller, the first $100.00 is made available immediately. If you are a new account holder and your account has not been open for 30 consecutive days, Check Deposits can be held up to 7 business days for verification purposes. After this grace period, not only will the first $100.00 be made available at the time of deposit, but the rest of the funds will credit to your account the following business day.
Check deposits made at a TD Bank ATM before 8:00 PM on a business day are considered deposits made on that business day. A business day is every day except Saturdays, Sundays, and Federal holidays. If you make a deposit at an ATM before 8:00 PM on a business day that we are open, we will consider that to be the day of your deposit. However, if you make a deposit at an ATM after 8:00 PM, or on a day we are not open, we will consider that the deposit was made on the next business day.
If you make a deposit through TD Bank Mobile Deposit and you submit the deposit before 8:00 PM EST on a business day, that is considered the date of your deposit; otherwise, the next business day is considered the date of your deposit. Your funds are generally available on the business day following the date of your deposit. Please keep in mind that deposits made through mobile banking will not have the first $100 available on the same business day. In most cases, the full amount becomes available the following business day.
Please note that there are exceptions that may cause delays in funds availability. We invite you to look at our Personal Deposit Account Agreement here: http://bit.ly/1kb17UQ . On pages 38-41 you can find our Funds Availability Policy along with information about when you'll have access to deposits.
If you have any additional questions or concerns, please feel free to contact us 24/7 at 888-751-9000 or stop by any of the TD Store locations in your area.
Just in case that you are not currently a TD Bank Customer and would like to cash a check drawn on TD Bank, you may still do so. There is a fee of $7.00 per check for this check cashing service. However, if you wish to open an account with us, this fee will be waived. Please note; fees are subject to change. For more information on the fee schedule, please take a look here: http://bit.ly/1cTejgt.
Let us know if you have any other questions. We hope you have a nice day!
LiShu R, Mount Laurel
January 21, 2015 11:48:56 AM