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February 13, 2015 06:57:43 PM
In reply to jasmyn, Weymouth
Thanks for writing in and great question, Jasmyn! We know how important it is to have access to your funds and we'll be glad to tell you more.
First, since it sounds like you make your paycheck deposits manually, when you deposit a check with a Teller the first $100 should be made available immediately. The rest of the funds are usually credited to your account on the following business day, which applies to paychecks as well as other types of checks alike.
If your deposit was made at TD Bank before 8:00 pm on a business day, it would be considered a deposit on that business day. A business day is every day except Saturdays, Sundays, and Federal holidays. Please note that for weekend deposits, this usually means that the deposit will be considered Monday's deposit and will post to your account Tuesday. Also keep in mind that if Monday of that week is a Federal holiday, the deposit is considered for Tuesday and will post to your account on Wednesday.
Exceptions can also occur which can cause delays in funds availability. For example, if you are a new account holder and your account has not been open for 30 consecutive days, check deposits can be held for up to 7 business days for verification purposes. 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.
On the other hand, if you have funds which are directly deposited to your account, the funds will be fully available to use no later than the morning on which you're scheduled to receive the deposit. To ensure the deposit was received, we do recommend that you review your account to be sure it arrived as expected before using the funds.
If you have questions, Jasmyn, we'll be glad to help. Feel free to reach out to us on 888-751-9000, or stop in and see us at any TD Bank Store listed here: http://bit.ly/TDStores.
Hope this clears it up for you, Jasmyn! Let us know about any questions and have a wonderful weekend.
Kristen P, Mount Laurel
February 13, 2015 06:59:10 PM