![sp_Feed](https://www.highinterestsavings.ca/wp-content/sp-resources/forum-themes/default/images/sp_Feed.png)
![sp_TopicIcon](https://www.highinterestsavings.ca/wp-content/sp-resources/forum-themes/default/images/sp_TopicIcon.png)
11:17 am
March 26, 2024
![sp_UserOfflineSmall](https://www.highinterestsavings.ca/wp-content/sp-resources/forum-themes/default/images/sp_UserOfflineSmall.png)
11:26 am
January 12, 2019
![sp_UserOfflineSmall](https://www.highinterestsavings.ca/wp-content/sp-resources/forum-themes/default/images/sp_UserOfflineSmall.png)
12:22 pm
December 7, 2023
![sp_UserOfflineSmall](https://www.highinterestsavings.ca/wp-content/sp-resources/forum-themes/default/images/sp_UserOfflineSmall.png)
12:48 pm
April 21, 2022
![sp_UserOfflineSmall](https://www.highinterestsavings.ca/wp-content/sp-resources/forum-themes/default/images/sp_UserOfflineSmall.png)
ChristineJon said
Guys I am wondering if there is any catch when you push your fund from T to other bank via EFT. How long will you receive the fund after the push, any holding time? Any tips would be much appreciated.
To answer your question, how long? Depends on the FI you are sending the funds to, it can be as short as leaving Tangerine in the morning and arriving at the other bank the same day.
7:02 am
April 6, 2013
![sp_UserOfflineSmall](https://www.highinterestsavings.ca/wp-content/sp-resources/forum-themes/default/images/sp_UserOfflineSmall.png)
When one pushes funds out at Tangerine Bank, the direct deposit item is sent out the next business day. I've never seen a hold when the direct deposit item is posted to the destination account.
There are three cutoff times for the automated funds transfer items: 9:30 am, 4:30 pm, and 9 pm Eastern time. Tangerine doesn't seem to send direct deposit items out by the 9:30 am cutoff.
If the automated direct deposit is transmitted by the 4:30 pm cutoff, then it could be posted by 6:30 pm when the receiving bank, like RBC or CIBC, has two-hour handling of direct deposit items. Otherwise, it would be the next business day or the second business day after.
8:14 am
April 21, 2022
![sp_UserOfflineSmall](https://www.highinterestsavings.ca/wp-content/sp-resources/forum-themes/default/images/sp_UserOfflineSmall.png)
Norman1 said
When one pushes funds out at Tangerine Bank, the direct deposit item is sent out the next business day. I've never seen a hold when the direct deposit item is posted to the destination account.There are three cutoff times for the automated funds transfer items: 9:30 am, 4:30 pm, and 9 pm Eastern time. Tangerine doesn't seem to send direct deposit items out by the 9:30 am cutoff.
If the automated direct deposit is transmitted by the 4:30 pm cutoff, then it could be posted by 6:30 pm when the receiving bank, like RBC or CIBC, has two-hour handling of direct deposit items. Otherwise, it would be the next business day or the second business day after.
What you've posted has been my experience too, it's quite interesting looking at patterns for FI transmit and posting times. BMO seem to post in the afternoon like RBC and CIBC.
Please write your comments in the forum.