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Pretty self explanatory - I would like to find your written policy on excessive transactions fees as mandated by the federal government. thanks
Carol, Mt Kisco
October 5, 2014 04:02:42 PM
In reply to Carol, Mt Kisco
We appreciate you taking a moment to visit us here on TD Helps, Carol.
When you see "Excess TX Fee" on your statement, it is referring to excess pre-authorized withdrawals, transfers or checks. This fee is assessed when your Savings or Money Market account exceeds six (6) withdrawals during a statement cycle. Please note, there are ways in which you're able to make withdrawals without exceeding this limit. We invite you to visit http://bit.ly/1cTejgt to view our fee schedule.
The transactions which are limited for Money Markets and Savings accounts are:
- 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.
For more information please take a look at our Personal Deposit Account Agreement here: http://bit.ly/1kb17UQ (page 7).
We hope you found this information helpful, Carol and take care.
Colleen B, Mount Laurel
October 5, 2014 04:04:53 PM
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