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a small check..I find it really bad especially that I have been a client for a while. This is the first time that this happens to me with the bank and it is the smallest check I ever deposited. At that The check comes from a business account(my job). I don't think I will depait anything other than cashto pay my bills that go through the account in the future. I deposited a check on sunday and now it is still on hold and when I called they told me it was going to be on hold until saturday. It was a small check..I find it really bad especially that I have been a client for a while. This is the first time that this happens to me with the bank and it is the smallest check I ever deposited. At that The check comes from a business account(my job). I don't think I will depait anything other than cashto pay my bills that go through the account in the future.
July 21, 2016 04:31:40 PM
In reply to Vicky, Montreal
Thanks for contacting us on TD Helps, Vicky.
Knowing when your funds will be available is very important for account management.
The type of deposit you make determines when the funds will be available. Direct Deposits are available on the same business day that they are credited to your account, even while they are in a pending status. Similarly, Cash Deposits made with a Teller are also made available the same business day for your use.
Check Deposits 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 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.
If you make a deposit through the ATM, either cash or check, the first $100 dollars is credited immediately while the remainder of your deposit will be applied to the balance on the following business day. Unlike the ATM, the Mobile Deposit feature does not credit any funds initially. The funds will be credited on the following business day.
To read the Funds Availability Policy and other important details, please visit https://go.td.com/1kb17UQ (page 35).
Just in case you were referring to your Canadian account, we'd like to let you know that you've reach TD Bank NA in the United States. You may submit your inquiry via their TD Helps page here: https://go.td.com/1Iam3rB. If you wish, you may even connect with them 24/7 at 1-866-222-3456.
Hope it helps and have a great day.
Shanika A, Mount Laurel
July 21, 2016 04:33:16 PM