Small Business Banking
Private Client Group
Personal Financial Services
For the quickest answer, search previously asked questions below. Chances are, others have asked a similar question and there's already an answer waiting for you. If you can't find a match, ask a new question and our team members will answer.
For a business account, if I deposit a cashiers check, when would the money be available the pay for checks written against my account?
Does it matter if the cashiers check is issued by TD, another local bank, or a non-local bank?
Josh, Portland Maine
March 27, 2015 12:00:41 PM
In reply to Josh, Portland Maine
Great questions, Josh! We'll be happy to go over funds availability with you.
When making a check deposit (personal or cashier's) with a Teller, the first $100 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 for 7-10 business days for verification purposes. After this grace period, not only will the first $100 be made available at the time of the deposit, the rest of the funds will be credited to your account on the following business day. We invite you to view our Personal Account Agreement for more information: http://bit.ly/1kb17UQ starting on page 38. Please note if the check is issued by TD Bank, another local bank or a non-local bank, the funds would still be available on the next business day (if your account has been opened for 30 consecutive days).
Should you have any additional questions, feel free to contact us 24/7 at 888-751-9000 or visit a nearby TD Store. To find a location near you please visit: http://bit.ly/TDStores.
We hope this is helpful, Josh and have a nice day!
Colleen B, Mount Laurel
March 27, 2015 12:01:25 PM