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I'm a college student and a friend of mine is going to send me some money but my bank isn't around him, could he deposit the money into my account if I gave him my account username and password and sends me money through my own account?
September 4, 2017 03:45:30 PM
1 person recommended this |
In reply to Alex, Fresno
Hi Alex. Thanks for reaching out to us.
We encourage you to never provide anyone with your username and password for your online banking. When you give out that info, it allows that person full access to your accounts. While they may make a mobile deposit to your account, they will also now have your account numbers and could potentially set up payments using your account info.
We'd like to suggest a different option to you. TD Bank now offers Send Money, which is a completely free service that allows you to send, receive, and request money. Once enrolled in this service, you can request funds from your friend and they'll receive a text or email (depending on what you provide) with instructions on how to complete the transfer. As long as they have an active checking account and debit card and their bank participates with the ClearXchange network, they should be able to send you the funds with no account info necessary!
If you haven't enrolled in Send Money yet, it can easily be done through your online or mobile banking. To begin, log in by clicking here: https://go.td.com/1eaISlq. Select the 'Send Money' tab and ensure the email address shown is correct. You'll then need to accept the Terms and Conditions. If you sign up for this service with your mobile number, select text or call to receive a verification code. If you sign up using your email we'll send you a verification code by email. Be sure you have mobile notifications enabled for TD Bank. If you sign up with your email and don't receive the verification code, please check your e-mail spam folder. You'll then need to enter the code to verify your email address or mobile number. We'll show your accounts that are eligible for Instant Transfer.
If you choose to set up this service from the mobile app, select 'Send Money' from the quick links or transfer screen and continue with the same instructions above.
Once you're fully enrolled, you can simply go to the Send Money screen online or in your app and click 'Request'. You'll then be walked through requesting those funds from your friend. As we'd mentioned before, your friend will receive notification of your request with instructions on how to enroll on their end to send the money. If they have any difficulty at all, they should contact their bank to assist in getting enrolled in this service.
If you have any trouble enrolling in this service or have any additional questions, please don't hesitate to give our Tech Support Team a call 24/7 at 800-493-7562 or stop in to see us at any of our Stores. To find one near you, please click here: https://go.td.com/1nq31dc.
We hope this helps, Alex. Have a great day!
Candice A, Mount Laurel
September 4, 2017 03:46:05 PM