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I will receiving a check from XXXX for $XXXX to cover the cost of a totaled car. As I am under a time crunch to replace the car, how long will it take for those funds to be available once deposited?
November 16, 2017 12:02:36 PM
In reply to Kathryn, Hackettstown
Good afternoon, Kathryn, and welcome!
This is a great question, and we'll be more than happy to help.
Before we begin, we'd like to take a moment to explain that the type of deposit you make may determine when your deposit will be fully available. To clear up any confusion, we'll be happy to provide additional details in regard to any holds that may occur depending on your preferred choice of deposit.
First, direct deposits are available on the same business day that they are credited to your account, even if they are still reflecting as part of your 'Pending' transactions. Similarly, cash deposits made with a Teller are also available on the same business day.
Check deposits; however, work a little differently. When you deposit a check, the first $100 is made available right way. If you are a new account holder and your account has not been open for 30 consecutive days, check deposits may be held for 7-10 business days for verification purposes.
In the event that you made your deposit via a TD Bank ATM, either cash or check, the first $100 dollars is credited immediately, while the remainder of your deposit may be applied to the balance on the following business day. Unlike the ATM, the Mobile Deposit feature does not credit any funds initially, and the funds may be credited on the following business day.
If you would like to review our Funds Availability Policy, you're welcome to check out pages 40-44 on our Personal Deposit Account Agreement, which you can locate here: https://go.td.com/2wwXs4B.
If you would prefer to discuss your concerns with a Specialist, you're more than welcome to do so! Our Banking Specialists are available to help 24 hours a day, 7 days a week, and can be reached by simply dialing 1-888-751-9000. Additionally, our Customer Service Representatives are also available to help, during lobby hours, at any number of our TD Store locations. To take a look at Store locations and their hours, please visit http://go.td.com/1f9DSJR.
We hope this helps, Kathryn. Have an amazing day!
Brittany M, Mount Laurel
November 16, 2017 12:03:08 PM