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October 21, 2014 11:17:51 AM
In reply to Corey, milford
Good morning, Corey and thanks for letting us assist you at TD Helps! We'll be glad to review info on transfer limits for you.
Due to Regulation D, which is 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 from these types of accounts per statement cycle. This number includes transfers initiated online.
Please note, if more than six (6) of these transactions are made during the statement cycle, your account will be charged for the seventh (7) transaction and for each subsequent transaction. For more information on our fee schedule, please take a look here: http://bit.ly/1cTejgt.
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, etc.).
2. Pre-authorized transfers (for example, overdraft protection, transfers to Holiday Club, transfers 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
Here is our Personal Deposit Account Agreement http://bit.ly/1kb17UQ for you to view for more information (pg. 7).
Additionally, we recommend reviewing the dates of your Savings or Money Market statement cycle with a Banking Specialist, to ensure you're aware of the period during which you have six allowable transfers. Please call us anytime 24/7 at 888-751-9000, or stop in at a TD Bank Store near you. Check out http://bit.ly/TDStores for your nearest Store location.
We hope this clears it up for you, Corey! Let us know of any other questions, and have a great day.
Megan K, Mount Laurel
October 21, 2014 11:42:15 AM