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Check Deposits - If a check was deposited before 8pm on Friday, when will it clear? I thought it would be today. Thanks!!!
David, Fort Lauderdale
July 7, 2015 10:39:20 AM
In reply to David, Fort Lauderdale
Welcome to TD Helps, David. We'd be happy to help provide details regarding deposits.
If your check deposit was made with a Teller, the first $100 is made available immediately. However; 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.
If you made a check deposit at a TD Bank ATM before 8:00 PM on a business day, that deposit is 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 after 8 PM, or on a non-business day, we will consider that the deposit was made on the following business day.
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.
For example, in this case, you make a check deposit before 1:30 PM, if your account has been opened for 30 consecutive days or more, you will receive the first $100 immediately and the remaining could be available to you Saturday morning. Because 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, feel free to give us a call 24/7 at 856-751-9000. Or you may select the "Reply" link to submit a new question.
We hope this helps. Have a good one and let us know if you need anything else.
Yen D, Mount Laurel
July 7, 2015 10:54:28 AM