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October 23, 2014 11:12:18 AM
In reply to Debra, Standish
Thanks for stopping by TD Helps today, Debra! There are multiple options you can choose from to make a transfer to another account and we are happy to provide you with the information.
To transfer funds to yourself at another financial institution you can use our External Transfer feature. You also have the option of sending instant, recurring, and/or future-dated transfers between your TD Bank accounts via your Personal Online Banking or the accounts you have at other financial institutions, including Credit Unions and Brokerage accounts! Please understand, it is necessary for you to have a U.S. address, a unique U.S. phone number, a Social Security Number, and a valid unique email address. External transfers can only be conducted to or from a U.S. account in U.S. currency only. External Transfers can only be made from an "Eligible Transaction Account" for example; personal checking, money market or savings accounts are usually allowed, with you as a signer on the account. Please note, accounts excluded from using this service due to ACH restrictions include, but are not limited to: Passbook, IRA, Holiday Club, Club Saver, and CDs.
Another way to transfer funds is by using the Person-to-Person transfer. Person-to-Person payment allows you to transfer funds from your TD Bank account to someone else's account at a different financial institution. 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.
Please note, you have two delivery options when sending an External Transfer or Person-to-Person transfer. You can choose three day delivery, which has a cut-off time of 1:00am. You also have the option to send a transfer with next business day delivery, which has a cut-off time of 5:00pm. Please note, the next day delivery option is not available for savings accounts. Also, 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 which overdrew your account in the past 90 days.
To use our External Transfer or Person-to-Person options, you must first be enrolled in Online Banking. If you are not enrolled, you can do so here: http://bit.ly/1lU2qfY. You will need your Social Security number, your TD Bank ATM/Visa Debit Card, your account number, and your e-mail address. If you do not have a Debit/ATM card, please call one of our Digital Specialists 24/7 at 1-800-493-7562 they will be more than happy to get you set up with Online Banking. These features do 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. section1.16).
You may also choose to send a wire transfer, which can be done at any local TD Bank Store. Please visit http://bit.ly/TDStores for hours and locations near you. Also keep in mind that depending on the currency you are sending, some transactions may take longer than others.
To initiate a wire to another domestic financial institution, you will need:
- Name, address and ABA routing number of the receiving bank
- Name of the account to be credited
- Beneficiary address
- Account number
Additionally with wire transfers, you can even send money to someone outside the U.S. All you need to send an international wire is to provide the following information:
- The full name, address, including city, state/province, and country and account number of the person/business (for Euro Zone countries – IBAN – International Banking Account Number you are sending money to. - The full name and address, including city, state/province and country of the financial institution receiving the funds. - The amount and currency of the transfer.
We recommend checking with the other financial institution to ensure no other additional information is required.
If you have a business account, you have the option to send funds via ACH or Wire Transfer. If you have not enrolled for TD Bank Business Direct, you can do so by visiting here: http://bit.ly/1dl2HX6. Feel free to visit http://bit.ly/1bEQmZW for more information.
Please note there may be fees associated with the different types of payments TD Bank offers, for more details, you may view our Personal Fee Schedule here: http://bit.ly/1cTejgt.
We hope to have answered your question today, Debra. Please let us know if you have any further questions about transfers, and enjoy your day!
Elizabeth D, Mount Laurel
October 23, 2014 11:14:03 AM