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What happens if I mail a check in U.S. funds, drawn on a Canadian bank, to TD Waterhouse Bank for deposit?

April 26, 2017Bank Canadian drawn funds happens mail TD waterhouse

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What happens if I mail a check in U.S. funds, drawn on a Canadian bank, to TD Waterhouse Bank for deposit?

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The check will be held for 9 business days or less. Some other U.S. banks will hold checks from outside the U.S. for up to 28 days to allow checks to clear properly.