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If l deposit my paycheck using an atm do they hold my money?
November 13, 2017 04:05:58 PM
In reply to Steve, Brockville
Hi Steve! Great question.
All check deposits, including payroll checks, require a minimum of one business day for verification. In most cases, the first $100 is made available immediately, and the remainder is released the following business day, as long as your deposit is made prior to our 8PM cutoff.
There are instances when we may need to hold a check for additional verification. This can occur for large checks or if we're unable to initially verify the check. Should this occur, it is generally for only one additional business day and we may make another $100 available to you while verification is completed. We may hold checks for up to 7 business days. If our hold is more than 2 business days, we will notify you with a letter by mail detailing the hold. You can find information about Funds Availability on pages 40-44 of the Deposit Account Agreement here: https://go.td.com/2nf0JAI.
If you have any additional questions, please don't hesitate to give us a call 24/7 at 888-751-9000 or stop in to see us at any of our Stores. To find one near you, please click here: https://go.td.com/1nq31dc.
We hope you're having a great day, Steve!
Candice A, Mount Laurel
November 13, 2017 04:06:16 PM