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November 6, 2014 10:02:12 PM
4 people recommended this |
In reply to Morgan, Oakland
Thank you for coming to TD Helps, Morgan. We are more than happy to assist you today.
Transferring to your TD Bank Checking accounts is free regardless of how the transfer is made. It sounds like you may be referring to an Excess Transfer fee; which is $9.00. This fee is charged for each transfer out that you make when you exceed more than 6 transfers on a Savings or Money Market Account during your statement cycle. We'd like to point out that you can transfer an unlimited amount of times into your Savings and or Money Market Account. Please note, there are ways in which you're able to make withdrawals without exceeding this limit.
Transactions that won't 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.
We invite you to visit http://bit.ly/1cTejgt to view our fee schedule.
Please take a look at our Personal Deposit Account Agreement here: http://bit.ly/1kb17UQ (page 7), for more information.
We hope this helps, Morgan and feel free to stop by any time you have a question. Have a great night!
Katherine G, Mount Laurel
November 6, 2014 10:04:39 PM
1 person recommended this
In reply to Katherine, Mount Laurel
Will anything happen to my account if I violate the maximum number of transfers out of my savings OTHER than being charged $9 each time?
Emily, New York City
July 14, 2017 03:07:46 PM
In reply to Emily, New York City
Great question, Emily, and thanks for joining us here on TD Helps.
If you exceed the transaction limit, our Regulatory Support team notifies you on the first two occurrences by letter.
On the third occurrence:
1. Money market accounts will be converted to an interest checking account and you are informed in writing of the changes. This change will reduce the interest rate and earnings.
2. Business money market accounts will be converted to a non-interest business checking account.
3. Personal savings are automatically converted to a transaction savings account. You are informed, in writing, of the changes. Depending on the original account type, this change may reduce the interest rate and earnings.
4. Business savings will be converted to a non-interest checking account and written notification will be sent to you.
We hope you find our answers helpful and please don’t hesitate to return to TD Helps if you have any further questions.
Natasha T, Mount Laurel
July 14, 2017 03:08:28 PM