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Is it possible to make a payment from my savings account?
March 20, 2016 08:25:24 AM
In reply to Rox, Lewes
Thanks for submitting your question today, Rox.
There is a limit to how many transfers that can be made from your savings account. You can make up to 6 electronic transfers a month without being assessed an excessive funds transfer fee. Electronic transfers include pre-authorized, automatic or telephone transfers or payments. There is a fee for each transfer that exceeds the limit. For more detailed information, please see here: http://bit.ly/1kb17UQ (page 6). For more information on the fee schedule, please take a look here: http://bit.ly/1cTejgt (listed under "Other"). Transfers made from the ATM are unlimited as well as over-the-counter transfers at a TD Bank Store. For hours and locations near you, please check out: http://bit.ly/TDStores.
We invite you to view the transactions which are limited for Money Markets and Savings accounts:
- Pre-authorized ACH – Automated Clearing House debits (health club fees, insurance premiums, car payments and mortgage payments).
- Pre-authorized transfers (Overdraft protection, transfers to Holiday Club and transfers to a checking account).
- TD Bank Online Banking and Telephone Banking transfers (transfers that are debited from the Money Market or Savings account).
- Request made via phone or fax for transfers (a request made by phone falls in the unlimited category if a check is mailed to the depositor as a result of the phone transaction)
- A check drawn on the account to any payee (this type of transaction is limited to checking accounts and MMDA accounts)
- Debit Card purchases (this type of transaction is limited to checking accounts)
- Wire transfers
Transactions that will not incur the Excess Tranfser Fee are Over-the-Counter (OTC) withdrawals, ATM withdrawals, ATM transfers, transfers for paying TD Bank loans and transfers originated in person, by messenger or by mail.
You will also need your routing number to complete the transaction from your savings account. Routing numbers are determined during account opening and are based on the location in which you've opened your account. For a listing of our current routing numbers please visit http://bit.ly/1cmRPoF.
If you have any questions or concerns when scheduling your payment, feel free to contact us 24/7 by dialing 888-751-9000 for assistance.
We appreciate your visit, and please take care Rox.
Alara B, Mount Laurel
March 20, 2016 08:25:45 AM