Frequently Asked Questions
TD Debit Card Advance is a discretionary overdraft service you can add to your personal checking account that allows us to approve ATM transactions and one-time debit card purchases when you don't have enough money available in your account. In order to activate this overdraft service on your checking account, we need to hear from you. Please read this Important Information about TD Debit Card Advance.
You may overdraw your account by up to $5 per day without being charged an overdraft fee. If your negative balance exceeds $5 at the end of the day, we will charge you a $35 overdraft for each transaction that overdraws your account. We will not charge more than 5 overdraft fees per day.
If you realize you've accidentally overdrawn your account, you may be able to avoid an overdraft fee by making a cash deposit or transfer that same day to cover the amount of the outstanding overdraft.
Please note, a one-time $20 Sustained Overdraft fee is charged when your account balance remains negative for 10 consecutive business days.
Moneyline and Savings Overdraft Protection allow us to access funds from other accounts you have with us to cover transactions that would overdraw your account. However, if you don't have sufficient funds available in those accounts to cover you, your ATM transactions and one-time debit card purchases may be declined. TD Debit Card Advance allows us to approve these transactions at our discretion if you don't have enough money available in any of your accounts.
We also offer overdraft protection plans, such as a link to a savings account or to an overdraft line of credit, which may be less expensive. Learn more about your overdraft options.
We offer TD Debit Card Advance on our personal checking accounts, so if you'd like to enroll, stop by any TD Bank, call 888-751-9000 or log in to Online Banking.
Once you are enrolled in TD Debit Card Advance, we take your relationship, account history and spending patterns into account when making a decision to approve or decline a transaction. 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.
Make your cash deposit or account transfer by the cutoff time of the business day. If your transaction occurs on a non-business day, you'll have until the cutoff time of the next business day to cover the overdraft. Cutoff times:
- Cash deposits – as posted at the TD Bank location
- Phone and online deposits – 11:00 p.m. (Eastern Time)
- ATM deposits – 8:00 p.m. (Eastern Time)
If you do not choose to enroll in TD Debit Card Advance, your one-time debit or ATM transactions may be declined the moment you swipe your card if you do not have enough money available in your checking account.
Yes, you may change our mind at any time – simply let us know. We're here to answer all your questions and discuss your options. You can call 888-751-9000, stop by any TD Bank to chat or log in to Online Banking to change your preference in the Service Center.
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. For more information about how we process transactions, please read our Personal Deposit Account Agreement (334k PDF).
Please call us at 888-751-9000 or stop by any TD Bank to discuss your options.
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.
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