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If I deposit a Canadian bank draft into my TD chequing acct. (draft is from the royal bank(RBC)made out in my name) how long of a hold will be put on the deposit, or can I use it since it is a bank draft deposited and not suject to a hold.
December 2, 2016 08:01:23 AM
In reply to Thomas, orlando
Welcome to TD Helps, Thomas. This is a great question, and we'll be happy to point you in the right direction.
You are able to deposit a Canadian check into your TD Bank US account, however a foreign check will need to be deposited with a Teller by visiting any TD Store. We invite you to review some helpful information we have listed below before making this deposit.
Please know that your deposit of a foreign check to TD, the international check must have an equivalent value of at least $100.00 U.S. Dollars.
Rates used for currency conversion are provided by TD Bank traders. We do not use rates printed by third parties in newspapers or published online.
For your protection, the item should be hand delivered to a Store and not mailed. Please know that you are not able to deposit foreign checks by using the ATM or via Mobile Deposit at this time. We apologize for any inconvenience.
The conversion rate applied will be on the day the check is received in the Foreign Check Collection Department. Additionally, fees may apply for the deposit of a foreign item. Please take a look at our current Fee Schedule here: http://go.td.com/1cTejgt.
Keep in mind that there are exceptions that may cause delays in funds availability. We invite you to look at our Funds Availability Policy here: http://go.td.com/1kb17UQ. On pages 40-44 the document reviews information about when you'll have access to deposits. For foreign check deposit funds availability, please refer directly to page 41 for additional information.
If you have any additional questions or concerns, please feel free to contact us, 24/7, at 888-751-9000, or stop by any of the TD Stores in your area. To take a look at Store locations and their hours please visit http://go.td.com/1f9DSJR.
Please let us know if you have any other questions, Thomas, and we hope you have a great weekend.
Customer Service Team, Mount Laurel
December 2, 2016 08:01:52 AM