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Hello, do you have a limit on how many times a month I can transfer money between my checking and savings?
April 10, 2015 05:20:55 PM
In reply to Natalia, Reading
Thanks for writing in today, Natalia and great question! We're glad you asked and are happy to provide some info.
We'd like to let you know that Savings and Money Market accounts are regulated by the governmental Regulation D, a restriction which limits the amount of pre-authorized debits per statement cycle. This regulation does not restrict any deposits made into a savings account, only debits or transfers out of the account. The limitations on Money Market and Savings accounts include up to 6 pre-authorized debits/transfers (for example, overdraft protection, transfer to checking account, transfer to any other account) per statement period. Please review pages 6-7 of our Personal Deposit Account Agreement here http://bit.ly/1kb17UQ for more information about this regulation. Fees may apply if more than 6 of these types of transactions occur and you may also review our fee schedule at: http://bit.ly/1cTejgt for more information.
You'll be glad to know that checking accounts are not restricted by this regulation, so you may make any number of transactions on these accounts without a penalty.
We invite you to contact us with your questions or concerns, Natalia! We're available all the time for your convenience at 888-751-9000, 24/7, or stop in and see us at any Store listed here: http://bit.ly/TDStores.
Hope this helps and have a great one!
Kristen P, Mount Laurel
April 10, 2015 05:21:59 PM