I have automatic payments set up and would like to Skip a Payment. What should I do?
It depends. See below for more information.
I use automatic payments through TD to pay the minimum payment. Do I need to do anything?
You do not have to make any changes to your automatic payment setting. During the Skip a Payment month, the amount of the minimum payment due will automatically be set to $0.
The following month, there will be an amount shown for the minimum payment due, and your automatic payment will resume.
I use automatic payments through TD to pay more than the minimum payment. Do I need to do anything?
You must cancel your automatic payment for the month that you chose to Skip a Payment. If you do not, your automatic payment will be processed.
When you cancel your automatic payment for the Skip a Payment month, you need to re-enroll to resume automatic payments. You must do so after the payment due date passes and before your next minimum payment due date.
To learn more about when and how to cancel or adjust an automatic payment, review the automatic payment terms.
I make automatic payments through my deposit account (at TD, another financial institution, or other third party). Do I need to do anything?
You must review and update your settings so that they do not make a payment to your TD FlexPay Credit Card account for the applicable month.
Can I still make a payment?
You can still make a payment during the billing cycle that you chose to Skip a Payment. However, making a payment during that month will not cancel your use of the Skip a Payment feature. This means that you will not be allowed to use the Skip a Payment feature again for another 12 billing cycles.