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July 24, 2015 04:11:47 PM
In reply to Meredith, Brooklyn
Thanks for reaching us on TD Helps, Meredith. We'd be glad to help clarify!
Though there is no limit to the number of transfers you can make with your Checking account, there is a limit in regards to your Savings.
Please be advised that because of Regulation D, a Government regulation which places limitations on the number of monthly transactions that can be made from a Money Market and/or Savings Account, you are limited to six total electronic debit transactions per statement cycle. Please note that customers who make more than six of these transactions during the statement cycle can be assessed a fee. Please take a look here: http://bit.ly/1cTejgt for our current Fee Schedule.
Some of the limitations on Money Market and Savings Accounts include:
1. Pre-authorized ACH – Automated Clearing House debits (health club fees, insurance premiums, car payments, mortgage payments).
2. Pre-authorized transfers (overdraft protection, transfer to Holiday Club, transfer to Checking account).
3. TD Bank Online Banking and Telephone Banking transfers (debited from the Money market or Savings account).
4. Request made by phone or fax for transfer
5. Wire transfers
We also invite you to review our Personal Deposit Account Agreement http://bit.ly/1kb17UQ (Pages 6 and 7) for more information.
We recommend contacting our 24/7 Banking Specialists at 888-751-9000 or visit your local TD Store during lobby hours for additional information and assistance. To take a look at TD Stores near you and their hours please visit http://bit.ly/TDStores.
We hope this helps, Meredith and have a good day.
Megan K, Mount Laurel
July 24, 2015 04:12:39 PM