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Hi, I have a South Dakota State check, it is an estate check from my late father. I live overseas and need to open an estate bank account, I have all the paper work your bank requires to open it.
How long will it take to clear the check and how much can I withdraw once cleared
Thank in Advance
April 26, 2017 10:41:00 AM
In reply to Steward, Santiago
Thank you for visiting TD Helps today Steward. We appreciate you considering TD Bank for your banking needs.
In order to open an Estate account, it would be required to visit a TD Bank Store location. As the Administrator, you would need to provide your photo identification, copy of the death certificate, and further documentations are required; however, it does vary depending on the state in which your father passed away. For information on additional documentation that may be required, please contact the Store you intend to visit. Please view: https://go.td.com/1nq31dc for locations and Store hours.
When making check deposits 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 may be held for up to 7-10 business days for verification purposes. After this grace period, not only will the first $100 be made available the same day of your deposit but the remaining amount of your check deposit will be credited to your account on the following business day. A business day is any day besides Saturday, Sunday and Federal Holidays.
When making a deposit at an ATM, if your account has been opened for 90 days or longer, any check deposit made will have the first $100.00 of your daily ATM deposits immediately available in your account. Please keep in mind, that if your account has not yet been open for 90 days, the first $100.00 of an ATM deposit will not be available for withdrawal at the time of your deposit.
Additionally, any deposits made through Mobile Banking will not have the first $100 available on the same business day. Typically, the full amount of your deposit will be made available the following business day. We invite you to visit: https://go.td.com/1e3jiYF for more details about mobile deposits.
We also recommend that you take a look at our Personal Deposit Account Agreement here: https://go.td.com/1kb17UQ. On pages 41-44 you can find our Funds Availability Policy along with information about when you'll have access to your deposit.
We hope this information was helpful Steward, please let us know if you have any further questions.
Shanika A, Mount Laurel
April 26, 2017 10:41:56 AM
In reply to Shanika, Mount Laurel
I was a member just above the 30 day mark and had a check in the amount of 2,500 "verified" for about 7 working days. Does the amount of the check always warrant a review/verification even if you have been a member for more than 30 days?
May 3, 2017 09:06:52 AM
In reply to Osvaldo, Brooklyn
Thanks for joining in, Osvaldo.
Please know that even after the 30 day mark checks can still be held for verification purposes.
We recommend taking a look at our Personal Deposit Account Agreement that Shanika mentions above for more details.
Have a wonderful day!
Megan K, Mount Laurel
May 3, 2017 09:07:16 AM