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October 30, 2014 08:24:41 AM
In reply to Ana, Woodbridge
Thank you for visiting TD Helps today, Ana, and also welcome to the TD Family!
In general, when making check deposits with a Teller, the first $100.00 is made available immediately. The rest of the funds are usually credited to your account on the following business day.
Please note, as you are a new account holder and if your account has not been open for 30 consecutive days, Check Deposits can be held up to 7 business days for verification purposes. After this grace period, not only will the first $100.00 be made available at the time of deposit, but the rest of the funds will credit to your account the following business day.
As you mentioned that you're depositing a bank draft check, if this is a cashier’s, certified, or teller’s check, you'll be glad to learn that even as a new account holder, funds from the first $5,000 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and federal, state, and local government checks will be available on the first Business Day after the day of your deposit. Please keep in mind, if you make a deposit at TD Bank before 8:00 PM on a business day, it would be considered a deposit on that business day. A business day is every day except Saturdays, Sundays, and federal holidays. For weekend deposits, this usually means that the deposit will be considered Monday's deposit and will post to your account Tuesday.
We invite you to look at our Personal Deposit Account Agreement here: http://bit.ly/1kb17UQ (pages 38-41), which can explain our deposit availability policy in full detail for you. Please especially take note of pages 40-41, where you can find the Special Rules for New Accounts along with information about when you'll have access to deposits.
Thanks again for your visit today! We welcome you back anytime with any other questions, and take care.
Colleen B, Mount Laurel
October 30, 2014 09:23:07 AM