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I sent a money order in for an apartment application but application was denied. I picked up the money order. Can the funds be returned to my bank account?
November 11, 2016 06:20:36 PM
In reply to Stephanie, Peterborough
It's great to have you here on TD Helps, Stephanie! We will be happy to provide you with the information needed.
You can certainly deposit a money order in your TD account. A money order will be treated as a check deposit. Generally speaking, when making check deposits with a Teller, the first $100.00 is made available immediately. If you are a new account holder and 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
Check 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.
If you make a deposit through TD Bank Mobile Deposit and you submit the deposit before 8:00 p.m. ET on a business day, that is considered the date of your deposit; otherwise, the next business day is considered the date of your deposit. Your funds are generally available on the business day following the date of your deposit. Please keep in mind that deposits made through mobile banking will not have the first $100 available on the same business day. In most cases, the full amount becomes available the following business day.
Please keep in mind, there are security features within the background of Money Orders that could trip up image processing systems such as our Mobile Deposit. We recommend depositing the Money Order at any TD Bank location during lobby hours to ensure the promptness of the deposit. Please visit: https://go.td.com/1nq31dc to find a Store near you.
Please note that there are exceptions that may cause delays in funds availability, we invite you to look at our Personal Deposit Account Agreement here: https://go.td.com/1kb17UQ. On pages 41-44 you can find our Funds Availability Policy along with information about when you'll have access to deposits.
If you have any other questions, please do not hesitate to ask!
Shanika A, Mount Laurel
November 11, 2016 06:21:01 PM
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