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William, Greenville, SC
October 25, 2015 05:57:50 PM
In reply to William, Greenville, SC
Good question, William! We'll be glad to share some information with you regarding your transfer question.
We'd like to begin by stating that 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 the following:
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. Requests made by phone or fax for transfer. 5. Wire transfers
We also invite you to review our Personal Deposit Account Agreement http://bit.ly/1kb17UQ (Pages 6 and 7) for more information. If you should have any questions, feel free to give us a call 24/7 at 888-751-9000.
Hope this answers your question, William and enjoy the rest of your weekend!
Katherine G, Mount Laurel
October 25, 2015 05:59:37 PM