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Overdraft Services Comparison Chart

At TD Bank you can choose the combination of overdraft services that is right for you.

What it is Links your savings or money market account to checking to help prevent overdrawing your account A service to automatically transfer available funds from your TD Moneyline unsecured line of credit, up to your available credit limit, to prevent overdrafts on your checking account Discretionary overdraft services that may help you avoid ATM and one-time debit card declines even when you have a zero balance
How it works Funds from your savings or money market account are transferred to your checking account which may help protect you from overdrawing your account Once your loan application is approved, should your checking account balance drop below zero, your checking account may be covered up to your available limit (minimum of $500 up to a maximum of $5,000) This discretionary overdraft protection allows us to authorize ATM transactions and one-time debit card purchases if you don't have enough money available in your account. Overdraft fees apply if your negative balance exceeds $5 at the end of the day.
Account requirements Checking account and a savings or money market account Checking account linked to a TD Moneyline unsecured line of credit – credit approval is required A personal checking account with debit or ATM card
Fees (78k pdf) $10 per daily transfer $25 annual fee, $10.00 per daily transfer, fixed rate interest charged only when you use your line of credit* $35 per overdraft, up to 5 overdrafts per day. A one-time $20 sustained overdraft fee is charged when your account balance remains negative for 10 consecutive business days.
How to activate Visit a store to activate your overdraft services

Remember, even with an overdraft protection, if you don't have enough money in your account, you may incur overdraft fees for overdrafts paid, overdrafts returned, and sustained overdraft, as well as any return check fee(s) required by the check payee. If you have any questions or concerns about which service is right for you, talk with a representative at your local TD Bank.

Important Details About TD Debit Card Advance
By enrolling in TD Debit Card Advance you authorize us to permit ATM transactions or one-time debit card purchases of any size to overdraw your account. A $35 fee applies to each transaction that overdraws your account if at the end of the business day your account is overdrawn by more than $5, whether created by debit card, check, in-person withdrawal, or other electronic means. You are obligated to pay overdrafts immediately. A one-time $20 sustained overdraft fee is charged when your account balance remains negative for 10 consecutive business days. Whether an overdraft will be paid is at our discretion, and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts. TD Debit Card Advance is different from other forms of overdraft coverage in that it does not transfer funds from an approved line of credit, savings account, or home equity line of credit. Transactions will not be processed in the order in which they occurred. The order in which they are processed may affect the total amount of overdraft fees incurred.

You might also be interested in:
  • Online Banking – Monitor your balance and pay bills
  • Set up e-mail alerts – Log in to Online Banking and set up balance alerts
  • Print a free ATM mini-statement – See your available account balance at any of our ATMs
  • Sign up for direct deposit – Automatically deposit your paycheck, Social Security or pension into your TD checking account
*Rate subject to change. A daily percentage rate of interest is assessed on advances from the date of the advance until the account is paid in full. $10 Overdraft Protection Transfer Fee charged to the linked checking account each day funds are automatically transferred from TD Moneyline Overdraft Protection when an overdraft occurs. The transfer fee is waived on TD StudentSM and TD RelationshipSM Checking accounts. Annual fee applies after the first year to new accounts opened after October 10, 2012. For additional information about fees, including transfer fees, please see our current Fee Schedule.