Quote:
Originally posted by ppk
Some banks will not hold american checks regardless of which account you have. And yes, TD's US account CAN hold checks.
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and most banks won't hold them provided you've been a customer for a while, with several products with them and a good account history. you can't walk in, open an account and ask them not to hold US checks. they'll laugh.
of course they can hold checks:
"Funds you deposit by check may
be delayed for a longer period under the following circumstances:
- We believe a check you deposit will not be paid.
- You deposit checks totaling more than $5000 on any one day.
- You redeposit a check that has been returned unpaid.
- You have overdrawn your account repeatedly in the last 6 months.
- There is an emergency, such as a failure of computeror communications equipment.
We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the eleventh business day after the day of your deposit. International checks may be subject to longer collection time periods."
Keep in mind that International checks in this case are checks from non-American banks.