When you deposit your birthday check for \$50 at the TCF ATM, when will you typically have access to the funds?

• A. After 30 days, regardless of the check amount.
• B. Usually within 1-2 business days, after the check clears.
• C. Immediately, as soon as the deposit is made.
• D. Only after you notify the bank in writing.

Answer: (B)

Verified step by step guidance

1. Understand the concept of check clearing: When a check is deposited, the bank needs to verify that the funds are available in the issuer's account. This process is known as 'check clearing.'
2. Learn the typical timeline for check clearing: Most banks provide access to funds within 1-2 business days after the check clears. This is a standard practice to ensure the check is valid and the funds are available.
3. Consider exceptions: Immediate access to funds may occur for certain types of deposits, such as cash or electronic transfers, but checks usually require a clearing period.
4. Review the bank's policies: Different banks may have specific rules regarding check deposits and fund availability. It's important to check the terms and conditions of your bank.
5. Understand the importance of business days: Banks operate on business days (Monday through Friday, excluding holidays). Deposits made on weekends or holidays may take longer to process.