Small Business Banking
Private Client Group
Personal Financial Services
For the quickest answer, search previously asked questions below. Chances are, others have asked a similar question and there's already an answer waiting for you. If you can't find a match, ask a new question and our team members will answer.
What is the cutoff for a payroll check deposit with a teller for the funds to be available same day?
May 8, 2015 04:25:01 PM
In reply to Thomas, Burlington
Thanks for reaching out to us here on TD Helps, Thomas! We're glad you joined us and we'll be happy to review funds availability with you.
When you deposit a check with a Teller, the first $100 is usually available immediately. In general, the rest of the funds will be credited to your account on the following business day, when the deposit is made with us prior to 8:00 pm. Kindly note that we do not provide same-day availability for check deposits and we apologize for any inconvenience this may cause.
To detail this a bit more for you, if you make your deposit with one of our Tellers or via the ATM 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. Funds become available the business day following the date of deposit. For weekend deposits, this usually means that the deposit will be considered Monday's date and will post to your account Tuesday.
Exceptions can also occur which can cause delays in funds availability. For example, if you are a new account holder and your account has not been open for 30 consecutive days, check deposits can be held for up to 7 business days for verification purposes. We invite you to look at our Personal Deposit Account Agreement here: http://bit.ly/1kb17UQ. On pages 38-41 you can find our Funds Availability Policy along with information about when you'll have access to deposits.
We hope this helps with your deposit, Thomas! Don't hesitate to check in again with any questions and have a great weekend.
Kristen P, Mount Laurel
May 8, 2015 04:25:48 PM