Small Business Banking
Private Client Group
Personal Financial Services
For the quickest answer, search previously asked questions below. Chances are, others have asked a similar question and there's already an answer waiting for you. If you can't find a match, ask a new question and our team members will answer.
I feel the online site needs to be reconfigured so that clients can understand or identify toal funds in addition to available funds
September 30, 2014 03:28:50 PM
In reply to Karrah, Brooklyn
Thank you for reaching us on TD Helps, Karrah. We'd be happy to clarify your available balance.
Your available balance for a checking account is the amount of money that you can use without overdrawing your account. Whenever you make a transaction of if transactions are pending, these items are deducted from your available balance. This total will not reflect checks that have been written that have not been cleared or payments made via Bill Pay that have not yet processed.
To help make sure no items are forgotten or missed we recommend keeping a ledger for your account. When a ledger and reviewing your account, we recommend the following tips:
1. Make sure you enter and add all deposits in your checkbook register, such as interest, electronic transfer credits and ATM deposits that appear on your bank statement.
2. Enter and subtract from your checkbook register any charges on your statement not yet deducted from your register, such as a charge for checks, service charge, electronic transfer charge or ATM withdrawals.
3. List the ending balance of your account shown on your statement. Add to that balance any deposits made after the date of the statement. List the total of these items. Subtract the amount of checks outstanding (checks that you have recorded but do not appear on your statement). This total should agree with your checkbook balance.
We hope this helps, Karrah and have a great day.
Megan K, Mount Laurel
September 30, 2014 03:29:39 PM