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As it says in the guide, only 6 transactions can be done per statement quarter. Assuming this is every month, my dad has said that I can only do 4 transactions per month, saying that you guys have "hidden" charges if I do a 5th and a 6th. Is this true? I'd like more insight into this.
October 19, 2015 07:43:42 PM
In reply to Josh, Allentown
Thank you for coming to TD Helps with your question, Josh. We will be happy to review your account guidelines.
Based on your question it sounds like you're referring to Regulation D limitations. For an interest-bearing Savings or Money Market account, please be advised that because of Regulation D, a Government regulation which places limitations on the number of monthly transactions that can be made from a Money Market and/or Savings Account, you are limited to six total electronic debit transactions per statement cycle. Please note that Customers who make more than six of these transactions during the statement cycle can be assessed a fee. Please take a look here: http://bit.ly/1cTejgt for our current Fee Schedule. Checking account transfers are unlimited at this time.
Some of the limitations on Money Market and Savings Accounts include:
1. Pre-authorized ACH – Automated Clearing House debits (health club fees, insurance premiums, car payments, mortgage payments). 2. Pre-authorized transfers (overdraft protection, transfer to Holiday Club, transfer to checking account). 3. TD Bank Online Banking and Telephone Banking transfers (debited from the money market or savings account). 4. Request made by phone or fax for transfer 5. Wire transfers.
Please also review our Personal Deposit Account Agreement: http://bit.ly/1kb17UQ (Pages 6 and 7) for more information.
If you have additional question or concerns, we recommend contacting our 24/7 Banking Specialists at 888-751-9000 or visit your local TD Bank store during normal lobby hours for additional information and assistance. To find TD store locations near you, please visit, http://bit.ly/TDStores.
We hope you find our answer helpful and please don't hesitate to return to TD Helps if you have any further questions.
Customer Service Team, Mount Laurel
October 19, 2015 07:44:35 PM