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.
down the line of credit to 0, do I have to pay the $25 penalty for having under 20,000 in my a combined accounts?
April 23, 2015 11:14:47 AM
In reply to Ed, Philadelphia
We appreciate you reaching out to us on TD Helps with your question, Ed.
It sounds like you're referring to a Relationship Checking account and we invite you to take a look here: http://bit.ly/1sBXy0Z for the Account Guide. Please understand, you must maintain a combined daily balance of $20,000 for a Relationship Checking account. This includes all deposit accounts (including HSAs) and outstanding loan and/or mortgage balances that you chose to link (excluding credit cards).
As you mentioned in your question, assuming you've already paid off your line of credit, your outstanding balance on the line of credit would be zero. Therefore, to avoid the monthly maintenance fee of $25.00, you will need to maintain $20,000 in your account daily.
You may view and compare the other account types which we offer. Our Checking account types can be found here: http://bit.ly/1aDaRqd or check out our Checking Selector Tool here: http://bit.ly/1vW1xnU for help selecting a Checking account that is the best fit for you. If you wish you may also view and compare our Savings account products, click on http://bit.ly/1pJT9I9, and we also have a Savings Selector Tool in which you can look here: http://bit.ly/1vW1DvM to help you choose the best Savings account for you.
If you have any additional questions you may ask them here or you may call us 24/7 at 888-751-9000.
Hope this helps clarify things for you have nice day.
Sandy D, Mount Laurel
April 23, 2015 11:15:34 AM