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I see that this account includes up to 6 checks per month. Is this from a regular checkbook that I would receive with this account?
E, Berkeley Heights
November 13, 2014 02:19:04 PM
In reply to E, Berkeley Heights
Thanks for coming to TD Helps today. We would be happy to help clarify this for you.
TD Growth Money Market account is a Savings account that allows Customers to earn more as they save more, with the added convenience of checks! With this Account, you are eligible for free standard TD checks. For more information regarding this specific Account, please check out: http://bit.ly/1vrMLtb.
Additionally, please note that Savings & Money Market accounts are regulated by the governmental Regulation D, a restriction which limits the amount of pre-authorized debits per statement cycle. This regulation does not restrict any deposits made into a savings account, only debits or transfers out of the account. The limitations on Money Market and Savings accounts include up to 6 debits per statement period of the following transaction types:
-Pre-authorized ACH – Automated Clearing House debits (health club fees, insurance premiums, car payments, and mortgage payments).
-Pre-authorized transfers (overdraft protection, transfer to Holiday Club, and transfer to checking account).
-TD Bank Online Banking and Telephone Banking transfers (debited from the money market or savings account).
-Request made by phone or fax for transfer (a request made my 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 other than the depositor (applies to Money Market accounts)
Please review pages 6 & 7 of the Personal Deposit Account Agreement here: http://bit.ly/1kb17UQ for more information about this regulation.
If you happen to exceed the transaction limit during a statement period, you will be notified on the first two occurrences by letter via mail. Please note, on the third occurrence, Personal Savings are automatically converted to a transaction Savings account and you will be informed in writing of the changes. Depending on the original account type, this change may reduce the interest rate and earnings. Also, a fee may also be assessed if the transaction limit is exceeded; please see our current Fee Schedule at http://bit.ly/1cTejgt for more information.
We recommend contacting our 24/7 Banking Specialist at 888-751-9000 or visit your local TD Bank Store during lobby hours for additional information and assistance. To find out TD Store locations near you, please visit: http://bit.ly/TDStores.
We hope this helps and please let us know if you have any additional questions. Have a great day!
Yen D, Mount Laurel
November 13, 2014 02:33:28 PM