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Dino, New Jersey
June 16, 2015 01:29:07 PM
In reply to Dino, New Jersey
Thanks for joining us here at TD Helps, Dino.
The clearing of your check can vary depending on the Financial Institution it is deposited at. If the individual that you wrote the check to banks with us, you can refer to the following guidelines to determine when the check may be presented to your account:
Typically, when making check deposits with a Teller, the first $100.00 is made available immediately. If 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.
If you make a deposit through TD Bank Mobile Deposit and you submit the deposit before 8:00 PM EST on a business day, that is considered the date of your deposit; otherwise, the next business day is considered the date of your deposit. Your funds are generally available on the business day following the date of your deposit. Please keep in mind that deposits made through mobile banking will not have the first $100 available on the same business day. In most cases, the full amount becomes available the following 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://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.
Please keep in mind that if the person depositing your check banks with another Financial Institution, either of you will want to contact that bank for additional information on their mobile deposit cutoff times and availability policies.
We hope this clears up your question, Dino! Thanks again for visiting and enjoy the rest of your week.
Yen D, Mount Laurel
June 16, 2015 01:43:37 PM