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stacey, new york
June 10, 2015 03:23:07 PM
In reply to stacey, new york
Welcome to TD Helps, Stacey. We'll be sure to provide you with more information regarding your debit card.
When both a Checking and Savings account are linked onto one debit card this will allow you to select which account to withdraw from while you're at an ATM. However, when using your debit card to make a purchase the debit will only come out of your Checking account. Therefore, if you're using your debit card to rent a car, you would want to be sure you have enough funds in your Checking account alone to cover the amount of the rental. You're welcome to transfer funds from your Savings to your Checking to cover the costs.
Please note if you decide to transfer from your Savings to your Checking account, you can make up to 6 electronic transfers a month without being assessed an excessive funds transfer fee. Electronic transfers include; pre-authorized, automatic or telephone transfers or payments. There is a fee for each transfer that exceeds the limit. For more information on the fee schedule, please take a look here: http://bit.ly/1cTejgt (listed under "Other"). Transfers made from the ATM are unlimited as well as over-the-counter transfers at a TD Bank Store. For hours and locations near you, please check out: http://bit.ly/TDStores.
We invite you to view the transactions which are limited for Money Markets and Savings accounts:
- Pre-authorized ACH – Automated Clearing House debits (health club fees, insurance premiums, car payments and mortgage payments).
- Pre-authorized transfers (Overdraft protection, transfers to Holiday Club and transfers to a checking account).
- TD Bank Online Banking and Telephone Banking transfers (transfers that are debited from the Money Market or Savings account).
- Request made via phone or fax for transfers (a request made by phone falls in the unlimited category if a check is mailed to the depositor as a result of the phone transaction)
- A check drawn on the account to any payee (this type of transaction is limited to checking accounts and MMDA accounts)
- Debit Card purchases (this type of transaction is limited to checking accounts)
- Wire transfers
Transactions that will not incur the Excess TX Fee are Over-the-Counter (OTC) withdrawals, ATM withdrawals, ATM transfers, Transfers for paying TD Bank loans and Transfers originated in person, by messenger or by mail.
If you have any additional questions feel free to give us a call 24/7 at 888-751-9000 or visit a TD location. You may also submit another inquiry and we'll be sure to respond!
Hope this helps you today, Stacey and please take care.
Colleen B, Mount Laurel
June 10, 2015 03:26:33 PM