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C, New York
April 28, 2015 10:10:17 PM
In reply to C, New York
Thank you for coming to TD Helps, C. We'll be sure to explain this fee for you.
Generally, Checking accounts can have an unlimited number of transactions each statement cycle; Savings accounts, however, do have restrictions on the number of transactions that can occur. The fee you mention sounds like an Excess Transfer fee; which is $9.00. This fee is charged for each transfer out of a Savings or Money Market account that you make when you exceed more than 6 transfers during your statement cycle. We'd like to point out however, that you can transfer an unlimited amount of times in to your Savings and or Money Market Account. Please note, there are ways in which you're able to make withdrawals without exceeding this limit.
Transactions that won't incur the Excess Transfer Fee are Over-the-Counter (OTC) withdrawals, ATM withdrawals, ATM transfers, and Transfers originated in person.
We invite you to visit http://bit.ly/1cTejgt to view our fee schedule for further details of this fee.
Please also take a look at our Personal Deposit Account Agreement here: http://bit.ly/1kb17UQ (page 6-7), for more information.
We hope this helps, C and feel free to stop by any time you have a question.
Cameron P, Mount Laurel
April 28, 2015 10:11:13 PM