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October 4, 2014 01:35:03 PM
In reply to Christine, Clinton
Thanks for choosing to ask your question here on TD Helps, Christine.
If you have a TD Business Account and are utilizing the BusinessDirect Online Banking, with Business Direct, there is a $10 Batch fee (subject to change) for each group you set up for your ACH deposits If you have any questions, feel free to contact our BusinessDirect Specialists 24/7 at 800-493-7562.
While we don't have any accounts that can waive this fee, you may feel free check out our Treasury Management Services here: http://bit.ly/1pLiv9i. If you're interested in this service, you may visit your local TD Bank Store during lobby hours for more information or to enroll. For a listing of TD Bank locations and hours please check this out: http://bit.ly/TDStores.
If you do not have a business account and are looking to transfer funds from your TD Account to another Financial Institution, whether it be one of your accounts or to a family or friend, you may wish to use the Person-to-Person feature via your Online Banking. With this feature, you can send money domestically (single or recurring) to any account inside and outside of TD Bank without having to visit a Store! We invite you to check out http://bit.ly/1cz3aim for all of the exciting details. When sending funds, you will be able to send money by creating a Contact and adding their email address or mobile number. Also, you have two delivery options when sending a Person-to-Person payment. There is the three business day option or the next business day delivery. Please note, the next day delivery option is not available for Savings accounts. To qualify for the next day delivery option, you must wait 90 days from your first successful 3-day transfer and must not have had any transactions that overdrew your account in the past 90 days.
To use this feature, you will need to be logged in to Online Banking found here: http://bit.ly/1eaISlq. If you are not enrolled in Online Banking, please click here: http://bit.ly/1lU2qfY. You will need your ATM/Visa Debit Card, your account number and your email address. If you do not have an ATM/Visa Debit card or you'd like to have an account added to be viewable alongside your other account(s) via Online Banking, please contact our 24/7 Digital Banking Department at 800-493-7562 and one of our Specialists will be happy to assist.
Once you have logged into your Online Banking, select the “Person-to-Person” tab to enroll for this specific feature (The “Person-to-Person” tab should show at the top of your page after logging into your TD Bank Online Banking. As long as you have a US address on file, you should be able to send funds using this option to another US account). You will then be asked to accept a user agreement, review the fee schedule and confirm your email and phone number. A text and email code will be sent to the mobile number and the email address we have on file for you. Next, we will request you to submit both codes for verification to complete the enrollment process. Once the enrollment is complete, you’ll be ready to send the payment which the other person will receive in one business day or three business days as per your selection.
If you're looking to transfer funds from your TD Bank account to an account that you have at a different Financial Institution, you will have the option of sending an external transfer. Similarly to the Person-to-Person transfer option, you will also have two delivery options with external transfers as well, three day or next day delivery. Also, the next day delivery option will become available to you after 90 days of your first successful 3 day transfer and your account must be without any overdrafts in the past 90 days. To use this feature, you can do so by using the "Transfers" tab. After selecting the "Transfers" tab you will then have to click "Transfer to Accounts Outside TD Bank." You would have to add your account at a different institution. To do so, select "Add a New Account." You will then be prompted to select the type of account followed by the account and routing numbers. Once you enter the required fields, the transfer service will then display whether or not you can make an immediate transfer. In some cases, a trial deposit is initiated at the receiving institution for verification purposes.
Please note, this feature does come with limits on the amount you can send or receive. For the information on the payment methods and amounts, please check out this link: http://bit.ly/1pADlWD (Pg 3. Section 1.16). To locate your current individual limits please follow these steps:
· Log into your online banking
· Click on the Person-to-Person Payments tab.
· Select the account in which you are sending the funds from
· Type in the person’s name, email or mobile number you are sending the funds to
· Type in the amount you’re trying to send
· Select the send date
· Click continue
· Complete the pop-up to add a new contact
· Click save
· Click on the info button (question mark) next to the amount box
Please see the following link for all applicable fees included in our fee schedule: http://bit.ly/1cTejgt.
We hope the information provided help, Christine. Let us know if you have any further questions.
Katherine G, Mount Laurel
October 4, 2014 01:37:04 PM
1 person recommended this
In reply to Katherine, Mount Laurel
Hope all is well.
I am a CMSO in TD Commercial Banking in Montreal.
I have a client he has funds sitting in his Amazon account, which he can't move because his Canadian USD domiciled account does not accept ACH.
Can we open a Business Account with TD BANK (In Champlain NY) and then link both the USD & the USD Canadian domiciled account so he can transfer the funds Northbound. If so, what are the fees involved?
Thank you and have a wonderful day!!!
Helena, St. Laurent
April 27, 2016 08:43:01 AM
In reply to Helena, St. Laurent
Thanks for joining the conversation, Helena.
At this time, your client will be unable to transfer funds from a Canadian Business account to a US Business account. As a Canadian resident, your client will be happy to learn that they may be eligible to open a TD Bank U.S. deposit account of their choosing. We invite your client to view all of our account options so that they can find an account which best fits their needs. Our Checking account options are listed here: http://bit.ly/1oXjGgF, or use our Checking Selector at http://bit.ly/1vW1xnU. And our Savings products are listed here: http://bit.ly/1hzzhPT, or use our Savings Selector athttp://bit.ly/1sxY9Rd.
Once you client finds an account that suits their banking needs, they are welcome to call our Cross Border Banking Team at 877-700-2913, 24 hours a day, 7 days a week for assistance in opening the account by phone.
Your client also has the option to open their account online, or at any TD Canada Trust location. Please click here: http://bit.ly/1ishIab to begin an application for an account with TD Bank in the U.S, or check out http://bit.ly/18OJlY5 for a listing of TD Canada Trust branches.
We'd also like to tell you a little more about being a Customer of both TD Bank U.S. and TD Canada Trust! In case your client already has a TD Canada Trust account or if they decide to do so, they'll be able to take advantage of our convenient Cross Border Banking options. For more information, please take a look here: http://bit.ly/1ienPN4.
As an example, when using this service they'll be able to transfer funds between their TD Bank U.S. and TD Canada Trust personal accounts free of charge. If they wish to, please feel free to speak with a Representative from our TD Cross Border Banking Support Line 24/7 at the number mentioned earlier, who can also answer any questions you have about these services.
We appreciate your visit, Helena and take care.
Alara B, Mount Laurel
April 27, 2016 08:43:58 AM
Is this still correct or is the ACH now free for business accounts? I would like a business account that allows me to pay myself via ACH and not have to write myself checks.
October 6, 2016 07:14:40 AM
In reply to Cary, Brooklyn
Thank you for your inquiry about our ACH Batch fee, Cary.
BusinessDirect Customers, who send ACH batch payments via TD Bank BusinessDirect, will be charged a $10.00 fee for each batch you send. This fee will show as an "ACH Batch Charge" the business day after the ACH Batch was initiated. SBIB - stands for Small Business Internet Banking.
Please let us know if you have additional questions for us. Cary.
LiShu R, Mount Laurel
October 6, 2016 07:15:27 AM