TD Bank Sucks - "America's Most In-convenient Bank!"

I spoke with the assistant manager at my branch and she told me that they changed to a system where:

1.) The online system shows you REAL TIME balance only on point of sale purchases and outstanding authorizations.

2.) The balance Does Not reflect any checks or ACH Debits that posted to the account. – These checks and ACH debits get removed from your account that morning but don’t officially POST until the next day.

As a result any charges you put through on the VISA debit card that day will probably cause the account to decrease in balance and possibly go negative. You will get charged $35 for EACH VISA charge that makes your account go negative. Even for a $10 VISA purchase you’ll get charged $35 overdraft fee.

What the hell do we have online banking for if it's not correct and up to the minute?

This is the same problem I had with Bank of America and I’m switching banks because of it.

Seems to me like these banks are all shit now and want to squeeze every last dollar out of their customer in such a nasty way. They set you up with an online system that’s NOT accurate and let you put charges through on the debit card, and then bang you over the head on fees the next day.

I’m surprised there’s no law against it.

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WARNING! - TD BANK INCLUDES YOUR OVERDRAFT CREDIT LINE IN YOUR "AVAILABLE BALANCE" ON ATM SLIPS!

Even though your credit line is subject to an overdraft fee of $5 to $35 and a 14% interest charge. THEY DO NOT TELL YOU THIS! They do not tell you that your "Available Balance" includes the amount of your overdraft credit limit (usually $500) and if you withdraw any of that amount (from an ATM machine or bank) you will be charged an overdraft charge and 14% interest!

They do not tell you that the difference between your "Available Balance" and your "Current Balance" is the amount of your overdraft limit (usually $500) and if you withdraw that amount (from an ATM machine or bank) you will be charged 14% interest!

INVESTIGATION! - If you have inadvertently withdrawn money from your overdraft credit line, and were charged interest, go to http://e-squire.net/tdbankwarning.html for more information and to complete a questionnaire, or contact: Steven G. Tyson, Esq. 610-876-1482 and steve AT e-squire.net