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I have a deposit hold on my checking acocunt, whats that?
Stephanie, queens village
November 5, 2014 12:35:22 PM
In reply to Stephanie, queens village
Good day, Stephanie and thanks for sharing your question. We understand how important the availability of your funds is and would be glad to provide some info.
Usually, when you deposit a check with a Teller, the first $100 should be made available immediately. In general, the rest of the funds are credited to your account on the following business day. While your deposit is pending, you'll see the amount which isn't available yet listed as a Deposit Hold on your account.
If your deposit was made at TD Bank before 8:00 PM on a business day, it would be considered a deposit on that business day. Please note that 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.
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. This could also create a Deposit Hold on the account during that time.
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.
If you would like, we invite you to give one of our knowledgeable Banking Specialists a call. For your convenience, they are available 24/7 at 888-751-9000 and can review your deposit specifically to determine the reason for any hold. Or, if you'll be nearby one of our Stores, feel free to stop in during our extended lobby hours. If you click here: http://bit.ly/TDStores, you can find the TD Bank Store and lobby hours nearest you.
We hope this clears up your question, Stephanie and we welcome you back anytime. Enjoy your day!
Kristen P, Mount Laurel
November 5, 2014 12:37:02 PM
3 people recommended this
In reply to Kristen, Mount Laurel
What if you made a deposit on friday night
Jennifer, spring valley
April 3, 2015 04:06:19 PM
In reply to Jennifer, spring valley
Thanks for joining the conversation, Jennifer!
If a deposit is made on a Friday prior to 8:00 pm EST, whether at one of our ATMs or with a Teller, Friday will be considered the date of your deposit and funds usually become available the next business day.
If the deposit is made after 8:00 pm EST on Friday, the deposit will be considered for Monday's business date and usually become available for withdrawal Tuesday. Just in case Monday is a Federal holiday, the deposit will be considered for Tuesday's business date and become available Wednesday.
Hope this clears it up for you, Jennifer and enjoy your weekend!
Kristen P, Mount Laurel
April 3, 2015 04:12:24 PM
1 person recommended this
Hi! If I made a $475 deposit on Sat. morning, I saw the deposit hold today on my account for $375. That means that the $375 will be made available tomorrow, is that correct?
December 7, 2015 11:42:04 AM
In reply to Donna, Brooklyn
Welcome to TD Helps, Donna.
Typically, when you make a deposit on a weekend, the deposit will be considered Monday's deposit and will post to your account Tuesday. Please keep in mind that if Monday of that week is a federal holiday, the deposit is considered for Tuesday and will post to your account on Wednesday.
As mentioned above, there are exceptions and invite you to look at our Personal Deposit Account Agreement here: http://bit.ly/1kb17UQ starting on page 39.
As this is pertaining specifically to your account, we invite you to connect with us 24/7 at 888-751-9000 or visit us during lobby hours here: http://bit.ly/TDStores.
We hope this helps. Have a great day!
Yen D, Mount Laurel
December 7, 2015 11:42:38 AM