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TD Simple Savings Account Guide
This account is ideal for Customers who want to build savings or have a young saver in the family.
Free automatic transfers make it easy to start saving for your goals. We’ve created this easy to follow
outline of services, fees and policies to help you understand how this account works. All of our savings accounts
also include convenient services such as online and mobile banking with mobile deposit, free direct deposit, free
ATM card and free online statements.
Account opening
and usage
Minimum deposit needed to open account
$0.00
($300.00 if opened as an IRA)
Monthly maintenance fee
$5.00
($4.00 with online statements only)
Waived if one of the following applies:
1. You link a TD Student Checking
SM
account
2. You are age 18 or younger, or age 62 or older
3. You open as an IRA
4. For the first 12 months, each month you have a linked, eligible
TD Bank personal checking account and complete a recurring
transfer of $25 or more from a TD Bank account.
Minimum daily balance to waive monthly
maintenance fees
$300.00
Pays interest
Yes
ATM fees
$0.00
For using TD ATMs in the U.S. and Canada
$3.00
For each withdrawal, transfer, and balance inquiry conducted at a
non-TD ATM. The institution that owns the terminal (or network) may
assess a fee (surcharge) at the time of your transaction, including
balance inquiries.
Overdraft
information
and fees
Overdraft-paid fee
$35.00
For each item we pay
Overdraft-return fee
(non-sufficient funds)
$35.00
For each item we do not pay
Maximum number of overdraft fees
per Business Day
5
Per account
Overdraft options
for Customers with
ATM cards
TD Debit Card Advance
SM
TD Debit Card Advance is not available on TD Simple Savings accounts. This means your account is set
up to decline any ATM transactions that may overdraw your account. Since these transactions will be
declined when you have insufficient funds, you will not be charged overdraft fees.
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TD Simple Savings Account Guide
Additional
account support
Checks
Money orders
$5.00
Official checks (cashier’s check)
$8.00
Account Services
Stop payment fee (per item)
$30.00
Copies
Statements with check copies and /or
deposit slips only, per statement
$5.00
Deposit reconstruction, per transaction
$5.00
Statements with check copies and deposit
reconstructions, per statement
$25.00
Other
Cashed or deposited item returned (per item)
$15.00
For each item you deposit or cash that is returned unpaid. Example: You
deposit a check from someone who doesn’t have enough money in their
account to cover the check. The amount of the check will be subtracted
from your balance and you will be charged the cashed or deposited item
return fee.
Levy/legal order
$125.00
ATM/debit card research (per hour)
$25.00
Funds transfer
Wires
$15.00 Incoming wire (domestic and international)
$25.00 Outgoing wire (domestic)
$40.00 Outgoing wire (international), plus exchange rate, taxes and
correspondent fee(s)
Online banking transfers
Free Internal transfers (to/from other TD Bank accounts)
Free External transfers from other institutions with 3 day delivery
$3.00 External transfers to other institutions with 3 day delivery
$7.00 External transfers to/from other institutions with next day
delivery
Excess pre-authorized withdrawals, transfers
or checks fee (per item)
$9.00 Limited to a combined total of 6 pre-authorized withdrawals
per monthly period, including online transfers and ACH payments. This
fee is charged for each transaction over 6 in any monthly period. Please
refer to the Personal Deposit Account Agreement for additional details.
International items
Foreign bank drafts, purchased
$25.00
Foreign currency bank notes
$7.50 Orders of $250 and above
$17.50 Orders less than $250
International collections items, plus
correspondent fee(s)
$17.50
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19008-SV (09/15)
TD Simple Savings Account Guide
Processing
policies
Posting order
(The order in which withdrawals and deposits are
processed)
Transactions are processed at the end of each Business Day in
the following order; which may not be the order in which they
occurred:
1. Deposits that have become available to you
2. ATM or electronic transactions that have been authorized but not yet paid
3. Outgoing wire transfers, return deposit items and debit adjustments in
highest to lowest dollar order
4. Overdraft fees, other returned item fees and deposit return fees in
highest to lowest dollar order
5. ATM transactions, transfers, all other account fees (except those in #6
below) and all other items in the highest to lowest dollar order
6. Fees, such as monthly maintenance fees, assessed at the end of a
statement cycle
Funds Availability Policy
(When funds deposited to your account are available)
• Wire transfers, electronic deposits and transfers between accounts
– Immediately
• Cash deposits made at any TD Bank Store or ATM
– Immediately
• Non-cash deposits made at any TD Bank Store
– The first $100 immediately
– Remainder the next Business Day
• Check deposits made at TD ATMs
– The first $100 immediately for accounts opened longer than 90 days
– Remainder the next Business Day
• Deposits made at non-TD ATMs
– Fifth (5th) Business Day after the date of your deposit
• Deposits made through TD Bank Mobile Deposit
– Next Business Day after the date of your deposit
• If we further delay the ability to withdraw funds
– We will notify you and funds will generally be available no later than
the seventh (7th) Business Day after the deposit date.
This represents our general policy. For specific details, please see
the Funds Availability Policy in the Personal Deposit Account Agreement.
Business Day
A “Business Day” is a non-federal holiday weekday. The end of a
Business Day varies by Store, but it is no earlier than 8pm EST.
Dispute resolution
If you have questions or would like more information
Please visit any of our Stores or call us at 1-888-751-9000. We will be happy to assist you. In addition,
the Personal Deposit Account Agreement governs the terms and conditions of personal deposit
account(s) with us. Please refer to the Agreement for additional account information.
