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Overdraft Protection

Overdraft ProtectionChoose the service – or the combination of services – that works best for you.

TD Moneyline Overdraft Protection

TD Moneyline Overdraft Protection is a service to automatically transfer available funds from your TD Moneyline unsecured line of credit, up to your available credit limit, to prevent checking account overdrafts.

Plus, you may 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 for overdraft protection 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

  • Save money – Avoid checking account overdrafts and return check fees
  • No need for in-person closing – Receive approval letter and agreement in the mail
  • Convenient and reliable – Funds are automatically transferred to your checking account anytime you may have an overdraft, up to the available credit limit
  • Hassle free repayment options – Choose automatic or manual payment
  • Pay the minimum amount or pay off the entire line
  • 24/7 Access – Log in to Online Banking and Mobile Banking app or call Customer Service to transfer funds or make payments
  • Continue to grow your savings – As a separate line of credit you may not need to tap into your savings to cover checking account overdrafts

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 a checking account 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.

Thanks again! Let us know if we can help you.

If you have any questions, you can access Live Customer Service 24/7 at 888-751-9000. Of course, you’re always welcome to visit us at any of our local TD Bank stores. We’re open seven days a week and are here to help you however we can.