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I have a small business checking account. I would like to transfer money to the TDBank account of an employee..How do I do this? The person to person tab does not show.
Scott, North Andover
February 15, 2017 10:34:53 AM
In reply to Scott, North Andover
It's great to have you here on TD Helps, Scott! We will be happy to provide you with the information needed.
If you have a business account with us, we have a couple of options you may be able to take advantage of for sending these payments.
We have several options to send money for a Business account. We invite you to take a look here: https://go.td.com/1gJbtPW for more information. You may use ACH transfers, these are electronic check payments you would be able to make online to your customers directly into a bank account they have. Please note that a $10.00 fee per batch that you send would apply for this service right now, and you can find more information in the Business Fee Schedule for your account that you were provided at account opening, or one can be obtained at your local Store: https://go.td.com/1nq31dc. A batch may contain multiple payments.
Feel free to review any additional info on the first link above to get a better idea about each of these services. If you like, you can also discuss these options with a Small Business Banking Specialist directly at 800-493-7562, using Option 2. They can also help you get set up and answer any questions you may have. If you're not currently set up for BusinessDirect, they can also help you get started when you call, or feel free to begin here: https://go.td.com/1dl2HX6. You will need your Business Taxpayer Identification number, account number, your business name, and your email address to complete the application. When you are finished, you will receive an email confirmation within two business days that contains your initial User ID and password.
Please note that for business accounts, a business-to-person transfer service isn't available at this time, and we apologize for any inconvenience this might cause for you. However, we hope that one of the above options will work for you in this instance, Scott.
Thanks for the question, Scott. Let us know if there's anything else we can do for you.
Shanika A, Mount Laurel
February 15, 2017 10:36:00 AM