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TD Bank Overdraft Relief1
Life happens—and so do overdrafts. With TD Overdraft Relief, you have options for what happens when you don't have enough funds in your checking account1 to cover your transactions. And we're evolving our services to give you even more flexibility—now there's no fee if you overdraw by $50 or less.
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How Overdraft Services Work1
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Standard Overdraft Service1
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TD Debit Card Advance*1
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Savings Overdraft Protection1
How TD Overdraft Relief works1
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What is an overdraft fee?
An overdraft occurs when your available balance is not sufficient to cover a transaction. There is a $35 fee per overdraft up to 3 overdraft fees per day per account -
How do overdrafts happen?
An overdraft2 occurs when your available balance is not sufficient to cover a transaction. If you overdraw your available balance in your checking account1 by $50 or less, we won't charge you an overdraft fee. Find more about posting order in your account guide -
What are overdraft services?
They're the options you have for how you want TD Bank to manage your checking account1 in the case of an overdraft, including Standard Overdraft Service, TD Debit Card AdvanceSM and Savings Overdraft Protection -
What should I do if my account is overdrawn?
If your account is overdrawn, you will want to deposit or transfer enough money to bring your account to $0 or above as soon as possible in order to keep your account in good standing
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How can I avoid overdraft fees?
Minimize your overdraft risk by choosing Decline All3. We'll do our best to stop any transaction that would overdraft your account by declining transactions
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Looking for an account with no overdraft fees or services?
TD Essential Banking is a great starter account that only allows you to spend your available balance -
Are there tools to help track my spending?
Keep track of your account activity and balance with the TD Mobile Banking App. You can also set up custom e-mail alerts at different balance levels like $500, $300 and $100 to help you monitor spending -
What if I am a TD Bank Small Business customer?
TD Bank Small Business Checking account customers also have overdraft options for their business accounts. Refer to the Tips to Help You Manage Your Business Account for more information
What are my overdraft options?1
Our Standard Overdraft Service1 is included with most Checking accounts. You can add TD Debit Card AdvanceSM*1 and/or Savings Overdraft Protection.
Not sure which overdraft services are right for you? Explore your options with our interactive tool and see which overdraft options work for your banking needs.
How TD Bank overdraft options work in day-to-day banking
Find out more about how each overdraft service works with your TD Checking account.1
Your automatic monthly car payment is scheduled and you don’t have enough money in your account. What happens?
The only time you can grocery shop this week is Thursday, but you don’t get paid until Friday. You want to use your debit card for this one-time purchase. What happens?
You stop at the ATM to get cash only to find you have a negative balance. What happens?
Standard Overdraft Service1
We don’t want to leave you hanging—our Standard Overdraft Service is included with most checking account.1
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What's included with Standard Overdraft Service
Our Standard Overdraft Service may allow ACH payments, recurring debit transactions and personal checks to go through for a fee when you're short on funds -
$35 fee per overdraft
No overdraft fee applies on transactions that overdraw your available balance by $50 or less -
3 maximum fees per day per account
Your daily overdraft charges are limited
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Add Savings Overdraft Protection1
If you have a TD Savings or Money Market account, you can enroll in this service which links your accounts to cover transactions up to your available balance -
Add TD Debit Card AdvanceSM*1
Opt in to TD Debit Card AdvanceSM*1 and we may cover one-time charges to your debit card or ATM transactions, even if you're out of cash. But heads up—there might be a fee
Make the most of your account
TD Debit Card AdvanceSM*1
When you enroll in this option, we may authorize and pay one-time debit card or ATM transactions.
- Your choice
TD Debit Card Advance* is optional with your checking account1 and requires enrollment. If you don’t enroll, ATM and one-time debit card transactions will be declined (and no fee assessed) if funds are not available - $35 fee per overdraft
No overdraft fee applies on transactions that overdraw your available balance by $50 or less
- 3 maximum fees per day per account
Your daily overdraft charges are limited - Add Savings Overdraft Protection1
If you have a TD Savings or Money Market account, you can enroll in this optional service that links your accounts to cover transactions up to your available balance
How to sign up for TD Debit Card Advance*1
Enrollment is required for TD Debit Card Advance.* Once your checking account is enrolled1, the service is available the next business day. You continue to use your debit card as usual, and in the event that you do not have enough funds, one-time debit card purchases and ATM transactions will be considered for payment.
If you don't enroll, all ATM and one-time debit card purchases will be declined at the time of transaction and no fees will be assessed.
Enroll online, in person or over the phone.
Make the most of your account
Savings Overdraft Protection1
When you have the cash—it's just not in the right spot.
- Link your checking account1 to your TD Savings or Money Account
Choose this optional service and we'll automatically transfer cash from your linked savings account to cover overdrafts for a small fee - Cover transactions up to your combined available balance
If your checking account available balance is negative at the end of the day, money will be automatically transferred from your linked savings or money market account to your TD Checking account1
- Enroll for coverage
Savings Overdraft Protection is optional and requires enrollment. There is no annual fee and no credit approval - $3 per day when a transfer is made
Transfer charges apply when funds are transferred to the linked checking account. Standard overdraft fees apply for overdrawn payments beyond your joint available balance