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I opened a bank account May 25th 2016 I deposited a 1,400 bank of america check. I was told the funds would be available next business day. But now when I call TD says because my account is new, the check is
Being verified and i have to wait 7 days. Is there any way I can get the check verified quickly? The person who issued me the check said the funds have already been taken from their account.
Breyanna, New york
June 2, 2016 08:27:40 AM
In reply to Breyanna, New york
Thank you for opening a new account with us, Breyanna. We appreciate your business.
Generally speaking, when making check deposits with a Teller, the first $100.00 is made available immediately. As 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 8:00 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 8:00 PM, or on a day we are not open, we will consider that the deposit was made on the next business day.
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: http://go.td.com/1kb17UQ. On pages 40-44 you can find our Funds Availability Policy along with information about when you'll have access to deposits.
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 Store locations in your area. To find out TD Store locations near you, please visit: http://go.td.com/1f9DSJR.
Thanks again for choosing TD Bank, Breyanna. We wish you a wonderful day!
LiShu R, Mount Laurel
June 2, 2016 08:28:42 AM