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November 3, 2015 09:46:21 AM
In reply to John, Manhattan
We appreciate you connecting with us here at TD Helps, John. We'd be happy to help!
When it comes to ACH withdrawals, there are no dollar limits to the amount that can be debited. It can be as little or as much as you'd like as long as the funds are available in your account.
However, if you are looking to transfer funds via our External Transfer feature or Person-to-Person payment service via your TD Online Banking, there are limits placed. Your limits may be adjusted from time-to-time at our sole discretion. You may log onto your TD Online Banking from here: http://bit.ly/1eaISlq to view your individual transaction limits by clicking on the information icon to the right of the amount box within either the External Transfer or Popmoney Service, as applicable.
As you are looking to transfer funds from your TD Savings account, we'd like to take this time to inform you that there is a limit to the amount of transfers and debits that can be made from your Savings account. You can make up to 6 electronic transfers a month without being assessed an excessive funds transfer fee. Electronic transfers include; pre-authorized, automatic or telephone transfers or payments. There is a fee for each transfer that exceeds the limit. For more information on the fee schedule, please take a look here: http://bit.ly/1cTejgt (listed under "Other"). Transfers made from the ATM are unlimited as well as over-the-counter transfers at a TD Bank Store.
We invite you to view the transactions which are limited for Money Markets and Savings accounts:
- Pre-authorized ACH – Automated Clearing House debits (health club fees, insurance premiums, car payments and mortgage payments).
- Pre-authorized transfers (Overdraft protection, transfers to Holiday Club and transfers to a checking account).
- TD Bank Online Banking and Telephone Banking transfers (transfers that are debited from the Money Market or Savings account).
- Request made via phone or fax for transfers (a request made by phone falls in the unlimited category if a check is mailed to the depositor as a result of the phone transaction)
- A check drawn on the account to any payee (this type of transaction is limited to checking accounts and MMDA accounts)
- Debit Card purchases (this type of transaction is limited to checking accounts)
- Wire transfers
Transactions that will not 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 are available 24/7 and would be happy to help if you have any other questions. Feel free to connect with us at 888-751-9000. You may also visit us during lobby hours here: http://bit.ly/TDStores. As always, you may submit a new question by clicking on the "Reply" link.
Have a great day!
Yen D, Mount Laurel
November 3, 2015 09:48:49 AM