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August 8, 2017 08:52:07 AM
In reply to Analiza, Cumming
Good morning, Analiza. This is a great question, and we'll be more than happy to clear up any confusion.
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.
If you wish to speak with a Banking Specialist in regard to when your deposit will be available in your account, we recommend that you contact us directly. Banking Specialists are available 24/7, and after verification, they'll be happy to assist you with any questions or concerns you may have. In addition to calling, you're also welcome to visit a TD Store location. To take a look at Store locations and their hours, please visit http://go.td.com/1f9DSJR.
We hope this information was helpful, Analiza. Have a great week!
Brittany M, Mount Laurel
August 8, 2017 08:52:25 AM