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TD Bank is a well-established financial institution with a long history of providing reliable services to its customers. Its checks are no exception.
According to a review of their check printing process, TD Bank uses high-quality paper and advanced printing techniques to produce checks that are resistant to tampering and counterfeiting. This ensures that customers can trust their checks to be accurate and secure.
TD Bank also offers a range of check security features, including watermarks, microprinting, and color-shifting ink, to prevent unauthorized use. These features are designed to provide an additional layer of protection against check fraud.
In fact, TD Bank's checks have been designed to meet or exceed industry standards for security and accuracy. This gives customers confidence in the reliability of their checks.
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TD Bank Fined $30 Million for Sharing Customer Info
TD Bank has been fined $30 million for sharing inaccurate, negative information about its customers with consumer reporting companies.
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The Consumer Financial Protection Bureau (CFPB) found that TD Bank repeatedly shared systemic errors about credit card delinquencies and bankruptcies.
TD Bank must pay $7.76 million to tens of thousands of its customers who were affected by the bank's actions.
The bank also has to pay a $20 million civil money penalty.
TD Bank's management prioritized growth and expanding its empire over treating its customers fairly and following the law.
The bank took far too long to correct many of its errors after realizing it was botching its reporting to consumer reporting companies.
TD Bank claims it had already implemented enhancements to address the issues before the settlement with the CFPB.
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TD Bank Fees
TD Bank charges a $35 overdraft fee, up to three times per day.
TD Bank Essential Banking doesn't charge any overdraft fees, making it a great option for those who want to avoid overdraft fees altogether.
You can avoid paying overdraft fees on TD Bank checking accounts by using one of the bank's overdraft protection options.
TD Bank Complete Checking and TD Bank Beyond Checking do charge overdraft fees, so be sure to review your account type before opening an account.
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TD Bank Trustworthiness
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The Better Business Bureau has given TD Bank an A+ rating, indicating that they handle customer issues well.
TD Bank has received a high rating from the BBB, suggesting that they have a strong reputation for customer service.
Their A+ rating is a testament to the bank's commitment to resolving customer complaints in a fair and timely manner.
TD Bank's trustworthiness is further supported by their reputation for being a reliable financial institution.
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TD Bank Customer Issues
TD Bank has faced customer issues in the past, with one customer complaint stating that the bank took 10 business days to resolve an issue with a direct deposit.
Some customers have reported difficulties with TD Bank's customer service, including long wait times and unhelpful representatives.
TD Bank's customer service hours are Monday to Friday from 8am to 10pm EST, and Saturday and Sunday from 8am to 5pm EST.
A customer review noted that TD Bank's online banking platform can be glitchy and difficult to navigate.
TD Bank has a dedicated customer service line for customers with disabilities, available 24/7.
A customer complaint highlighted the bank's requirement for customers to provide identification to verify their account information, which some customers have found inconvenient.
Frequently Asked Questions
How to check if a TD Bank check is real?
To verify a TD Bank check's authenticity, look for smooth edges, a correct bank logo, and matching check numbers and MICR lines. If any of these details are missing or incorrect, the check may be counterfeit
Sources
- https://stories.td.com/ca/en/article/td-explains-recognizing-cheque-fraud
- https://www.td.com/us/en/personal-banking/help-center
- https://www.nbcphiladelphia.com/investigators/consumer/td-bank-pay-nearly-30-million-sharing-inaccurate-negative-information-customers/3966690/
- https://www.businessinsider.com/personal-finance/banking/td-bank-checking-accounts-review
- https://www.cnet.com/personal-finance/banking/advice/does-td-bank-owe-you-150-heres-how-to-find-out/
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