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check has not cleared yet. On my online banking account it says: available funds from depost- CR $100, DEPOSIT CR $854.97 and the on DB side it says: Pending verification for deposit DB $854.97. I'm just wondering why hasn't my deposited check cleared into my account yet? Does it usually take longer for checks to clear if they are deposited on a sunday afternoon?
October 14, 2014 05:49:31 PM
In reply to Carlos, Bayonne
Hi Carlos, thanks for writing in to TD Helps today! We apologize if you've found our deposit process confusing, and would be glad to give you some information about when you can expect to access your funds.
In general, when a check is deposited with a Teller, the first $100 should be made available for you to withdraw right away. The rest of the funds are usually credited to your account on the following business day.
Please keep in mind that deposits made on weekends differ from deposits made on business days. A business day is every day except Saturdays, Sundays, and Federal holidays.
If your deposit was made at TD Bank before 8:00 PM on a business day, it would be considered a deposit for that date, and the funds available the next day. As you've mentioned that your deposit occurred on Sunday, we will consider that the deposit was made on the following business day. For weekend deposits, this usually means that the deposit will be considered Monday's deposit and will post to your account Tuesday. Please keep in mind that if Monday of that week is a Federal holiday, the deposit is considered for Tuesday and will post to your account on Wednesday.
Additionally, exceptions can also occur which can cause delays in funds availability. For example, if you are a new account holder and your account has not been open for 30 consecutive days, check deposits can be held for up to 7 business days for verification purposes. We encourage you to review 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.
We hope this makes it easier to understand, Carlos! Thanks again for visiting and enjoy your evening.
Justin B, Mount Laurel
October 14, 2014 05:50:35 PM
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