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TD Small Business Overdraft Relief
Your business is moving fast. Life happens—and so do overdrafts. With a TD Small Business Checking account, you have options for what happens when you don't have enough funds to cover your transactions.
Explore your additional overdraft options
The fundamentals of TD Small Business Overdraft Relief
What is an overdraft fee?
An overdraft occurs when your available account balance is not sufficient to cover a transaction. There is a $35 fee per overdraft up to 5 overdraft fees per day per account
How do overdrafts happen?
An overdraft occurs when your available account balance is not sufficient to cover a transaction. If you overdraw your available account balance in your checking account 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 small business checking account in the case of an overdraft, including Standard Overdraft Service, Discretionary Overdraft Service3, Savings Overdraft Protection3 and Overdraft Protection Line of Credit3,4
Are there tools to help track my spending?
Keep track of your account activity and balance with the TD Bank app. You can also set up custom e-mail alerts at different balance levels to help you monitor spending in Small Business Online Banking
I have a pending debit card transaction that made my account overdrawn- am I in a Grace Period?
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 at the time you had sufficient funds in your checking account to cover the transaction but later posted when your account did not have sufficient funds, you will not be charged an overdraft fee. Keep up with your account via Online Banking.