Why is there a hold on the cheque I deposited?

A hold of up to 5 business days is placed on deposited Canadian dollar cheques to allow time for them to clear the account. If you have a CashBack limit set up on your ScotiaCard, you can access a pre-authorized amount right away. Review the Cheque Hold PolicyCheque Hold Policy on our website to learn more.

Last updated August 6, 2020