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how long does it take for a check deposit to clear in a new td bank account
July 31, 2014 08:18:02 PM
1 person recommended this |
In reply to Moria, Brooklyn
Welcome to TD Helps and thank you for joining us. We understand it is important to know when funds will be available in your account in order to manage your money and we are happy to answer your question.
When making check deposits with a Teller, the first $100 is 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. After this grace period, not only will the first $100 be made available at the time of deposit but the rest of the funds will credit to your account the following business day
Deposits made at a TD Bank ATM before 8:00 PM on a business day are 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 before 8 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 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 less 90 days old, will generally see availability of funds the next business day.
You may also take a look at our Personal Deposit Account Agreement here: http://bit.ly/1kb17UQ . On pages 35-37 you can find our Funds Availability Policy along with information about when you'll have access to deposits.
Hope this helps and thank you for reaching out to us, Moria.
Cameron P, Mount Laurel
July 31, 2014 08:19:19 PM
In reply to Cameron, Mount Laurel
Is this appicable to student accounts
September 28, 2015 10:22:58 AM
In reply to indya, jamaica
Thanks for joining us today, Indya. We are happy to provide you with some information today.
That's correct, when you deposit a check with a Teller, the first $100 should be made available immediately. The rest of the funds are generally credited to your account on the following business day.
Please note that as a new account holder, if your account has not been open for 30 consecutive days, your check deposits made with a Teller can be held for up to 7 business days for verification purposes.
Additionally, check deposits made at a TD Bank ATM may also have the same hold placed; and please keep in mind that via the ATM, the first $100 of your check deposits may not be available immediately for the first 90 days of your account.
For full information about deposits as a new account holder with us, 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, and especially review page 40, which details the special rules for new accounts.
If you have any questions or concerns about your deposit, please contact us 24/7 at 888-751-9000 or visit a TD Store during lobby hours for help. For Store hours and locations near you please visit http://bit.ly/TDStores.
We hope this helps, Indya and have a nice day.
Alara B, Mount Laurel
September 28, 2015 10:24:09 AM
1 person recommended this