Third Federal is required to comply with federal regulations regarding expedited funds availability which pertains to check holds.
Third Federal considers an individual to be a new customer during the first 30 calendar days after a checking or savings account has been opened and subject to check holds of 10 business days for all deposits containing local and non-local checks.
After that initial time frame, Third Federal considers you to be an established customer and the check hold period for local checks decreases to two business days and five business days for non-local checks up to a maximum of $4,900.
An option available to you is to open a savings account with Third Federal. If you have sufficient funds in a savings account with us, you have the ability to place a check hold on your savings account with us and you will have immediate access to your funds in your checking account.