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if i want to deposit a us dollar check from my canadian td bank business account into my us td bank business account, is it sent to collection or available immediately? also, this being a new business banking account, is there a 30 day wait period before i can take advantage of this?
December 15, 2014 12:41:59 PM
In reply to cathy, millis
Thanks for making a stop at TD Helps, Cathy.
You mentioned you were looking to make a check deposit in US Dollars into your US account with TD Bank; typically if the deposit is made with a Teller, the first $100 is made available immediately. As you've stated your account is new, and if your account has not been opened for 30 consecutive days, check deposits can be held up to 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.
Deposits made at a TD Bank ATM before 8:00 PM EST on a business day are considered deposits made on that business day. A business day is every day except Saturdays, Sundays, and Federal Holidays. However, if you make a deposit at an ATM after 8 PM, or on a non-business day, we will consider the deposit was made on the following business day. For example, if you made an ATM deposit on Saturday, that deposit will be considered on Monday's business day and will post to your account on Tuesday. Accounts that are less than 90 days old will generally see availability of funds the following business day. Cash deposits made at the ATM are available immediately on the business day on which they are deposited.
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.
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.
We hope this helps, Cathy. If you have any other questions, please do not hesitate to let us know. Enjoy your day!
Yen D, Mount Laurel
December 15, 2014 12:43:40 PM