TD Overdraft Relief1

Life happens—and so do overdrafts. TD Overdraft Relief1 gives you options for when you don't have enough funds in your checking account1 to cover your transactions. So you can forget the stress and manage your money with confidence.

Are you a TD Small Business customer? Explore your overdraft options

  • What is an overdraft fee?

    An overdraft fee ($35) is the cost of using our discretionary overdraft services when you need additional funds to cover a transaction. We limit daily overdraft charges to 3 overdraft fees per day per account.

    • How TD Overdraft Relief helps:If you overdraw your available account balance and your checking account is overdrawn by $50 or less, you're within our overdraft threshold and we won't charge you an overdraft fee. Set up personalized alerts and you'll get an Overdraft Threshold alert to let you know when you're overdrawn by more than $50
  • How do overdrafts happen?

    An overdraft occurs when your available account balance is not sufficient to cover a transaction.

  • What happens if I do overdraw my account?

    If your account is overdrawn, you'll want to bring your account to $0 or above as soon as possible to keep it in good standing. TD Alerts can notify you when your account is overdrawn. Set up personalized alerts—it's easy to do online or in the TD Bank app.

    • How TD Overdraft Relief helps: If you are overdrawn by more than $50 at the end of the business day, our Grace Period3 gives you more time to fix an overdraft, plus you can enroll in optional overdraft coverage

More time to prevent fees with Grace Period3

Our Grace Period3 gives you until 11 PM ET the next business day to fix an overdraft. Here's how it works:

  • Make sure your available balance4 is at least $0 by depositing enough to cover the overdrawn balance plus any additional transactions (for example, a scheduled payment or a recent check), as of 11 PM ET the next business day

  • We'll refund the overdraft fee to your checking account as long as your available account balance4 is at least $0 at the end of the Grace Period

Log in or sign up for Online Banking so you can keep a close eye on your available balance and know when an overdraft happens. 

In a Grace Period?3 Learn how to fix your available balance

Get all the details on our Grace Period, including your options for making your available balance positive again.

Automatic coverage with Standard Overdraft Service5

We've got your back—our Standard Overdraft Service5 is included with most checking accounts.1

  • This may allow ACH payments, recurring debit transactions and personal checks to go through for a fee ($35), even when you're short on funds
  • No need to enroll—you're automatically covered with most TD Checking accounts1

Explore your additional overdraft options

  • TD Debit Card AdvanceSM*

    For when the unexpected happens—enroll in this option and we may authorize and pay one-time debit card or ATM transactions. But heads up—there might be a fee.

    • $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

    Enroll or check your enrollment status online, in person or over the phone.

  • Savings Overdraft Protection

    When you have the cash—it's just not in the right spot.

    • No transfer fees
      Choose this optional service to link your checking account1 with a savings account
    • Cover transactions up to your combined available balance
      If your checking account available balance is negative at the end of the day, we'll automatically transfer cash from your linked savings account to cover overdrafts

    Enroll in person at your local TD Bank.

Decline All6

Minimize your risk of overdraft with Decline All. Choose this option and we'll do our best to stop any transaction that would overdraw your account. (Just so you know, this means the transaction may be declined.)

Not sure which overdraft option is right for you?

Explore your options with our interactive tool and see which overdraft options work for your banking needs.

TD Overdraft Relief FAQs

If you do not bring your checking account back to $0 within the Grace Period, an overdraft fee of $35 will be assessed to your account. We will never charge more than 3 fees per day per account.

You will want to deposit enough funds to bring your account to at least $0 before the end of Grace Period. This will include any checks that you've written that have not yet cleared and any pending debit transactions or scheduled payments that may come out of your account. For more info review the Personal Deposit Account Agreement on available balance.

A pending debit card transaction will not initiate a Grace Period until it is posted. However, it can further reduce your available balance and will need to be taken into account when bringing your account positive again, if you are in a Grace Period. Once the debit card transaction is posted and no longer pending, if you are overdrawn by more than $50 without any same day deposits, you may be in a Grace Period. If your debit card transaction was authorized with a positive available balance in your checking account, but later posted against negative funds, the transaction will not be subject to an overdraft fee. Keep up with your account via Online Banking.

If you are enrolled in Savings Overdraft Protection and the funds are available in your linked savings account at the end of the day, we will automatically initiate a transfer to cover your overdrafts from that day, giving you the relief of not needing a Grace Period or being assessed an overdraft fee. There is no transfer fee to use Savings Overdraft Protection.

If you do not have enough funds in your linked savings account to cover your overdrafts from the current day, you will have until the end of the next business day to bring your account back to or above $0 before being assessed a fee.

You can see your year-to-date (YTD) Grace Period refunds at the top of your statements. This resets every calendar year. Sign up for e-statements in Online Banking to easily view your digital statement.

There is no limit to the number of Grace Period refunds you're eligible to receive. If a Grace Period is initiated and your account is brought back to at least $0 prior to 11 PM ET the following business day, a Grace Period refund will be credited to your account.

Great news, if you deposit enough cash on the same day that you overdraw, inclusive of any transactions incoming or outgoing to your account, you will receive the benefit of the cash before the debits are posted. Our order processing will process deposits first, followed by debits based on time order.

TD does not charge an additional fee if your account is overdrawn for multiple consecutive days, however you'll want to bring your account to $0 or above as soon as possible to keep it in good standing.

Yes, for any item we pay that overdraws your Savings Account, you may be charged a $35 Overdraft Fee (max 3 per day, per account). TD Debit Card AdvanceSM* is not available for your Savings Account, which means your account is set up to decline any ATM transactions that may cause an overdraft.

No, Grace Period and the $50 Overdraft Threshold apply only to Personal and Small Business Checking Accounts, not Savings Accounts.

If you have a current, valid email address associated with your account, you will receive an Overdraft Threshold email alert to notify you as soon as you've overdrawn your account by $50 or more.

Additionally, you will receive the Overdraft Grace Period email alert. This provides more information about the overdraft, including when you'd need to take action.

If you would like to be notified immediately, you can opt in to push notifications for overdraft alerts. Learn more about overdraft alerts and others that can help you track your account activity.

You can also access Overdraft Notices in TD Online Banking. The notice will include information about the transaction(s) that caused the overdraft, as well as any potential fees that may have been assessed. 

To access the notifications:

  1. Log into TD Online Banking.
  2. Select Account Options > Bank Account Statement Settings.
  3. Select applicable account from Eligible Accounts dropdown.
  4. Click on Overdraft Notices.

Learn more about Overdraft Grace Period

Don’t have a TD Checking account?

Find an account that meets your needs and your budget with the perks you want and open an account online in minutes. Explore all account options

  • TD Complete Checking

    An account for everyone with 3 ways to waive the monthly maintenance fee,9 a free linked personal savings account and TD Early Pay8

  • TD Beyond Checking

    Get Overdraft Payback,7 TD Early Pay,8 plus earn interest and get reimbursed for non-TD ATM fees

  • TD Essential Banking

    A great starter account that only allows you to spend your available account balance, features TD Early Pay8 and has no overdraft fees or services

If you have any questions or concerns about which service is right for you, talk with a representative at your local TD Bank.

*Important Details about TD Debit Card AdvanceSM
By enrolling in TD Debit Card AdvanceSM, you are permitting us to authorize and pay ATM and one-time debit card transactions when you do not have enough money available in your account to cover the transaction. A $35 fee applies to each transaction that overdraws your available account balance by more than $50, whether that transaction is made by debit card, check, in-person withdrawal, or other electronic means (up to a maximum of 3 fees per day per account). You are obligated to pay overdrafts immediately. Whether an overdraft will be paid is our discretion, and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, you are not making regular deposits, or you repeatedly overdraft. TD Debit Card AdvanceSM is different from other forms of overdraft coverage in that it does not transfer funds from an approved line of credit, savings account, or home equity line of credit. The order in which transactions are processed may affect the total amount of overdraft fees incurred. For more information see the Personal Deposit Account Agreement.

1Overdraft Services do not apply to TD Essential Banking Accounts. We may decline or return transactions that would result in an overdraft. Transactions that you make may cause your Account to overdraw but we will not assess your TD Essential Banking Account an overdraft fee. For example, preauthorized transactions and other transactions may post to your Account even when the available balance in your Account is not sufficient to pay the transaction.

2Deposits follow our Funds Availability Policy.

3When items are presented for payment that result in your available Account balance being overdrawn by more than $50, Overdraft Grace provides you with an opportunity to receive refunds for overdraft fees if your available Account balance is at least $0, inclusive of any pending or posted items, at the end of the next business day.

4For the purposes of determining your available Account balance and processing items to your Account, including deposits made in an attempt to bring the available Account balance to at least $0, all items are processed overnight at the end of each Business Day (which excludes Saturdays, Sundays, and federal holidays). Items are processed, and funds are made available to your Account based on our Processing Order and Funds Availability Policies. Please see our Personal Deposit Account Agreement for full details.

5Our Standard Overdraft Service may allow ACH payments, recurring debit transactions and personal checks to go through for a fee. A $35 fee applies to each transaction that overdraws your available account balance by more than $50, (up to a maximum of 3 fees per day per account). Whether an overdraft will be paid is our discretion, and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, you are not making regular deposits, or you repeatedly overdraft. You are obligated to pay overdrafts immediately.

6This service does not completely eliminate Overdraft fees. We understand that some Customers prefer not to have any checks or other debits paid beyond their available checking account balance, even if that means having a check returned. We will decline your payment with no fee when the preauthorization would result in insufficient funds. This does not eliminate fees from transactions posted against unavailable deposits.

7Overdraft Payback automatically reimburses the first two overdraft fees incurred within a calendar year (January – December); max $70 per calendar year. Overdraft Payback is applied first, regardless of the Grace Period. Once Overdraft Payback has been utilized, your account will then be reviewed for Overdraft Grace when applicable.

8For certain eligible direct deposits, we may make funds available for your use up to two business days before we receive the funds from your payor with our service, TD Early Pay. There is no enrollment necessary and no fee for this service. Not all direct deposits are eligible for TD Early Pay. Eligible direct deposits are limited to electronic direct deposits such as your payroll, pension, and government benefit payments. Other deposits or credits to your account, such as deposits of funds from person-to-person payments services (e.g., Zelle®), check or mobile deposits, and other online transfers are not eligible for TD Early Pay. The Bank does not guarantee that any direct deposits will be made available before the date scheduled by the payor, and early availability of funds may vary between direct deposits from the same payor.

When funds are made available early, they will be reflected in your account’s available balance. Whether we make funds available early depends on (1) when we receive the payor’s payment instructions, (2) any limitations we set on the amount and frequency of early availability, and (3) standard fraud prevention screening.

If a direct deposit is not made available early, it will be made available in accordance with our Availability of Funds Policy described in the Personal Deposit Account Agreement (PDAA). Except as expressly set forth in the PDAA, funds made available early are subject to the same terms and conditions as other deposits to your account. If we’ve made funds available early and the payor reverses or requests a return of the deposit, or the funds are otherwise uncollected by the Bank, you understand and agree that we may debit your account in accordance with our normal process found in subpart e) Direct Deposits, found in the PDAA, up to the amount of the deposit that was previously made available – even if you have already  withdrawn the funds or it creates an overdraft on your account, without prior notice from us and at any time. In this instance, you are responsible for any fees assessed – including those charged by merchants or third parties – as a result of the overdraft. TD Early Pay is offered at the discretion of the Bank, and we reserve the right to cancel the service at any time and without notice to you.

9TD Complete Checking monthly maintenance fee can be waived with one of the following: Have $500 or more in direct deposits within a statement cycle; OR maintain a minimum daily balance of $500; OR have a $5,000 minimum daily combined balance across all personal deposit accounts that you choose to link; OR if the primary account owner is aged 17 – 23.

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