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I am looking to find a disclosure online stating how long a external transfer is unavailable for.
Paula, Worcester MA
January 6, 2015 08:49:41 PM
In reply to Paula, Worcester MA
Thank you for coming by TD Helps, Paula! We do appreciate your question and we'll be happy to guide you in the right direction.
There are a few factors that determine when an external transfer will be available in the receiving account. Although there may not be a specific disclosure online regarding this, we'll be more than happy to discuss external transfers with you!
Most importantly, when initiating an external transfer, you can decide whether you want to set it up as a 3 business day transfer or 1 business day transfer (this option becomes available 90 days after your first successful 3 day transfer is completed, given that your account balance does not become negative during that time period). Also, depending on when you submit the transfer, it could take up to 1 full business day to process from the time you initiate it. With this being said, it could be between 1 and 4 business days after you initiate a transfer for it to become available in the receiving account, depending on when and how you submitted it.
We hope this information helps, and we invite you to take a look here: http://bit.ly/1pADlWD for the Terms & Conditions for our external transfers. This can provide some valuable information regarding these services. If you would like to sit with a Banking Specialist in person to discuss transfers in more detail, feel free to do so at any TD Bank location during lobby hours. Please visit: http://bit.ly/TDStores to find a TD Bank near you. If you'd like, one of Banking Specialists can review this information for you over the phone as well – feel free to contact us 24/7 at 888-751-9000 at your convenience.
Again, we hope this helps and we hope that you enjoy the rest of your night, Paula!
Katherine G, Mount Laurel
January 6, 2015 08:51:39 PM
In reply to Katherine, Mount Laurel
The external transfer would be sent from another FI to TD Bank. Do the same rules apply with the 1-4 day hold?
January 9, 2015 05:18:42 PM
In reply to Paula, Worcester
Welcome back to TD Helps, Paula.
To answer your question, yes, it will be the same process. If you are requesting funds from an account you have with another Financial Institution, it could take 1 thru 4 business days for processing.
If you have any other questions, please do not hesitate to connect with us at 888-751-9000, available 24/7 or feel free to write back.
Hope this helps Paula. Have a great weekend!
Yen D, Mount Laurel
January 9, 2015 05:25:52 PM