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I wanted to know if i had to wait 7-10 days for the first $100 to clear because of grace period or the first $100 is ready on the spot when i made the account
February 21, 2016 07:43:53 PM
In reply to hayden, commack
Thanks for writing to us all the way from Hayden, Hayden! We'd be happy to help.
When making a deposit with a Teller, at one of our TD Store locations, the first $100 is made available immediately. For new account holders that have 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 than 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 38-41 you can find our Funds Availability Policy along with information about new account funds availability.
Hope this helps and thank you for opening a brand new TD Account with us, Hayden!
Shanika A, Mount Laurel
February 21, 2016 07:44:14 PM