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Hi! I have got a business check from Geico, an auto insurance company, the amount is around $18,500. I want to ask if I take this check to a TD bank, can I use this amount of money immediately after I deposit it. Moreover, the check is from bank of America, can I take it directly to your TD bank ?
Xiyu, Phoenixville June 14, 2015 05:11:06 PM
1 Response
In reply to Xiyu, Phoenixville
Welcome to TD Helps, Xiyu! We'd be glad to review Funds Availability with you! When making check deposits with a Teller, the first $100 is usually made available immediately. 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. Typically deposits less than $5000 are made available the following business day. As you've mentioned that you plan on depositing a check larger than this amount, the funds may be held for verification purposes. Deposits made at a TD Bank ATM before 8:00 PM on a business day are considered deposits made on that same business day. A business day is every day except Saturdays, Sundays, and Federal Holidays. If you make a deposit at an ATM before 8:00 PM on a business day that we are open, we will consider that to be the day of your deposit. However, if you make a deposit at an ATM after 8:00 PM, or on a day we are not open, we will consider that the deposit was made on the next business day. Accounts that are 90 days old will have the initial $100 made available. You may also take a 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 questions or concerns about your deposit, we ask that you contact us directly 24/7 at 888-751-9000 or during lobby hours at a TD Store near you to speak with a Representative. For lobby hours and locations near you please visit http://bit.ly/TDStores. We hope this helps, Xiyu and have a good day!
Megan K, Mount Laurel June 14, 2015 05:11:37 PM
