Access to Funds
We may put a hold on your funds when you deposit a cheque in a personal account at Friesland N.V. - Finance & Asset Management, either through Deposit AnywhereTM, ATM, mail, or in-branch. This means you will not be able to access the bulk of that cash for a limited period of time.
The hold periods vary depending on the type of cheque you’re depositing, however, in most cases access to at least $100 of the deposit will be provided to you for your immediate use1. Cheques will be held for the following maximum number of business days2:
Item |
Amount |
Max Days Held |
| Non-government cheques, drawn on European financial institution, deposited in person | Up to, and including, €1,500 | 4 |
| Non-government cheques, drawn on European financial institution, deposited in person | Greater than €1,500 | 7 |
| Non-government cheques, deposited through ATM | Up to, and including, €1,500 | 5 |
| Non-government cheques, deposited through ATM | Greater than €1,500 | 8 |
| Non-government cheques, deposited through Deposit Anywhere | N/A | 5 |
| Non-government cheques, received by mail | N/A | 5 |
| Friesland N.V. - Finance & Asset Management cheques, deposited to an Friesland N.V. - Finance & Asset Management account (retail & business) | N/A | 3 |
| Foreign cheques, including United States | N/A | 30 |
The length of time you’ve dealt with Friesland and your present account standing may also have an impact on whether your deposited funds will be held. Please note that some cheques may require further confirmation. This means that the funds will be credited to your account only if and when we confirm that the funds to cover the deposited cheque have been received.
1 Immediate access to $100 of any deposit is subject to the discretion of Friesland and its representatives as outlined in the Access to Funds Regulation. As such, any exceptions must be approved by a branch manager or delegate.
2 Business day means Monday to Friday, excluding statutory holidays.
Download the Access to Funds brochure (PDF)