After contemplating opening an account with TD bank, I 'took the plunge' in or around July of 2010 since they were currently offering a promotion which included a Flip Camera and no minimum balance checking for one year. I completed the required tasks in order to 'qualify' for the Flip camera, however it never arrived. After visiting the branch repeatedly to inquire, I was given the run around and finally gave up! In July of 2011, my one year of no minimum balance had expired and I was then being assessed a $15/month 'below minimum balance fee'. I expressed my disappointment and the 'no minimum balance' was extended for another year and $50 of the money for the fees they had withdrawn from my balance.
Still No FLIP Cam though....!
Since the account was registered to my New Jersey address and our family (Pennsylvania residence) had not been there in several months, I had not received any statements I was again faced with a similar situation. They had again began hitting my account for $15/month fees. Keep in mind, I was not utilizing this account at all. Not their checking account, bill payer services, etc. They withdrew the remaining balance I had and charged me an additional $45 before I even knew what was happening. They then closed my account and I am now considered a 'Charge off' and in collections!
I could understand assessing fees if I was late on an auto loan or mortgage payment or if I had bounced checks, but what exactly was I being charged for? Charging me for nothing. No services were ever provided and not even the Flip cam ever showed. My husband and I will continue our banking at our Credit Union to avoid these fees and poor customer service from TD Bank. I plan to let everyone know the experiences we have had via SEO, Facebook, etc. I certainly hope the $45 is worth it them!!
I opened a money market account with TD and tried to link to my checking account as overdraft protection. When I called to find the status of that, I was told I needed to sign a physical form which they had mailed to me. I never received the form, so I went to my local branch to sign it. The manager was busy, so a teller said she could help me. She gave me incorrect instructions, so the form needed to be mailed to me with the end result being that it took over a month to get overdraft protection set up for my account. When I spoke with the manager about the situation, she told me everything I had done wrong in the situation. In the end, I closed the MM account and I am in the process of moving both accounts to another bank that pays interest on checking with no minimum balance and pays 8x the interest on money market, also with no minimum balance. I will never bank with TD again.
First let me stat that this review is more about the Vice President store manager then the entire bank location. I never had any problems with this bank branch until I came across the store manager. Plus if the Store manager doesn't know how to manage, then the whole bank is doomed anyways.
The Vice president at this bank goes by the name Silva Vikkimarie. I went to the branch to close an account which should be a simple procedure. I wanted to be in and out with no problems. But i guess that was tooo much to ask. I was greeted from the start with attitude and ridiculously poor customer service. While i am trying to explain what i wanted done, other employees where talking about pizza time. Who called for pizza, what time the pizza was going to get there. Even the Vice president joined in on the pizza conversation while trying to help me. Then i show the Vice president a power of attorney which i have used many times at that location and hundreds of other places with no problem. All of a sudden Silva shouts that the power of attorney doesn't look legit. That sounded so ridiculous i had to laugh. A Vice President of a bank has no idea what a power of attorney looks like? So anyways of course the power of attorney was legit and she closed the account as expected but poor customer service continued until i finally left the building.
Where did TD Bank find this Vice President? If Anyone at TD bank with any sense is reading this it might be a good idea to hire qualified individuals to management positions.
Fire this Vice President ASAP before everyone closes their accounts.
Also TD Bank also started to charge fees for paper billing. Which i didn't agree to and when asked to get a refund for the fee i was denied.
Last time i checked, by law it is required to give a grace period while changing accounts that require fees. If a customer doesn't agree to terms, funds must be refunded. At the very least this should be done as a courtesy. But wait I forgot.......TD bank d