Mistakes happen - we understand. At some point you may spend money that isn’t available in your account. With overdraft protection, you can make payments and avoid overdraft fees.

There are two types of overdraft protection available to you – a line of credit or a link between your checking and savings or money market accounts.

TD Moneyline Overdraft Protection

TD Moneyline Overdraft Protection is a convenient line of credit that protects you during those unexpected times when your checking account balance drops below zero. You'll enjoy peace of mind knowing your checking account is covered up to your available limit.

Plus, you'll avoid overdraft fees for returned checks or insufficient funds. Interest is charged only when you use your line of credit.

Opening a line of credit requires that you fill out a loan application. To apply, you must:

• Be a current TD Bank customer with a personal checking account
• Request a minimum of $500 up to a maximum of $5,000 – credit approval is required
• Apply with the other account holders of your checking account, if any

Other Benefits of TD Moneyline Overdraft Protection

• Avoid costly overdraft and returned check fees
• No annual fee
• Transfer funds anytime – Online Banking or call Customer Service
• Optional automatic payment is available
• No store closing is required
• Low monthly payments – make a payment via Online Banking, at your local TD Bank or call Customer Service

Savings Overdraft Protection

Savings Overdraft Protection allows you to link your savings or money market account to your checking account to protect you from overdrawing your account.

If your checking account becomes overdrawn, and provided that you have sufficient funds available in your savings or money market accounts, the funds will be automatically transferred to your checking account. This will ensure that your payments are made, and it saves you costly overdraft charges. No credit approval is required. In the event of an overdraft, there is a nominal fee to transfer money from your savings account.

To open a savings or money market account and activate savings overdraft protection, visit your local TD Bank store.

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