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what is the dollar threshold for reg d per calendar month? is it a $1.00 500.00, 1,000.00
Douglas, mills river
June 12, 2016 10:45:56 AM
1 person recommended this |
In reply to Douglas, mills river
Thanks for joining us on TD Helps, Douglas. We're happy to clear up some confusion regarding Regulation D.
For an interest-bearing Savings or Money Market account, 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://go.td.com/1cTejgt for our current Fee Schedule. Checking account transfers are unlimited at this time.
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
Please also review our Personal Deposit Account Agreement http://go.td.com/1kb17UQ (Pages 6 and 7) for more information.
There is no dollar amount limitation placed on Regluation D.
If you have additional question or concerns, we recommend contacting our 24/7 Banking Specialists at 888-751-9000 or visit your local TD Bank store during normal lobby hours for additional information and assistance. To find TD store locations near you, please visit, http://go.td.com/1WxWpIB.
We're here to help if you have any other questions, Douglas.
Kris M, Mt. Laurel
June 12, 2016 10:46:12 AM