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What does a "hold" on a cheque mean?

When you deposit a cheque into your account, the cheque is sent to the cheque writer's bank to release the money. A hold on funds may be placed on your deposit to allow time for the cheque to pass through the payment system and transfer funds into your account.

A "hold" means that your account has been credited with the value of the cheque but that you do not have the ability to access the funds.Each bank has its own policy on the time limit of "holds" and under what circumstances it will place a hold on a cheque.

You can view your hold limits on the TD app.

After you log in:

  1. Select the account for which you wish to view the hold limit.
  2. Select the "summary" tab on the right-hand side of the screen.
  3. Select "View" beside the transaction limits option.
  4. At the bottom you will see "Instantly Available Funds From Cheque Deposit Limit". These are the available funds you may have once you have deposited a cheque.

To view cheque hold information, please refer to our "Hold Funds Policy (PDF)". Alternatively, to find out if there is a hold in place and when the funds will be available for withdrawal, please call EasyLine telephone banking or contact your local TD Canada Trust branch.

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