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Can I open a simple checking account with a money order or cashiers check?
monicamMmommmmm, New Haven
January 22, 2015 08:18:22 AM
In reply to monicamMmommmmm, New Haven
Thank you for considering joining the TD Bank family! We would be glad to answer your question.
You may open an account with any type of deposit, such as cash or checks. Please keep in mind that the type of deposit you make determines when the funds will be available. When making a check or money order deposit with a bank teller, the first $100 is made available right way. Since you'll be a new account holder, meaning your account has not yet been open for thirty consecutive days, check deposits can be held for seven 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 be credited to your account the next business day.
If you make a check deposit through TD ATM, the first $100 dollars is credited the next business day for new accounts or immediately after your account has been held with us for more than 90 days. The remainder of your deposit will usually be applied to your account on the seventh business day.
To read the Funds Availability Policy and other important details, please visit http://bit.ly/1kb17UQ (page 38-41).
If you're depositing a cashier’s, you'll be glad to learn that funds from the first $5,000 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and federal, state, and local government checks will be available on the first Business Day after the day of your deposit. Please keep in mind, if you make a deposit at TD Bank before 8:00 PM on a business day, it would be considered a deposit on that business day. A business day is every day except Saturdays, Sundays, and federal holidays. For weekend deposits, this usually means that the deposit will be considered Monday's deposit and will post to your account Tuesday.
We invite you to look at our Personal Deposit Account Agreement via the link previously provided, which can explain our deposit availability policy in full detail for you. Please take note of pages 40-41, where you can find our Funds Availability Policy specifically the Special Rules for Cashier's checks along with information about when you'll have access to deposits.
We invite you to look at our many different types of Checking and Savings accounts. To view and compare our checking accounts, visithttp://bit.ly/1aDaRqd or check out our Checking Selector Toolhttp://bit.ly/1vW1xnU for help selecting a checking account that is the best fit for you. To view and compare savings account products, click onhttp://bit.ly/1pJT9I9, or if you prefer, we also have a Savings Selector Toolhttp://bit.ly/1vW1DvM ;which can help you choose the best savings account for your needs.
You may open your account at any TD Bank Store so that you may also make your money order deposit at that time. For a listing of TD Bank Stores, please look here: http://bit.ly/TDStores. You also have the option of clicking onto the orange "Open Account" button on our website or by calling 888-751-9000 24/7 to open an account over the phone with a Banking Specialist. If you decide to open the account online or over the phone, you have thirty days to make your initial deposit.
Thanks again for considering TD Bank and have a beautiful day.
Brian M., Mount Laurel
January 22, 2015 08:19:22 AM