Responding to bad press it received over the announcement of a new fee and increases of other fees, TD Bank put out a press release clarifying aspects of its new $9-per-withdrawal charge for excessive savings account withdrawals (excluding ATM and teller withdrawals). Insisting the fee will affect only 1 percent of its customers, the release ends with some helpful advice on how to avoid its charges. [More]
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TD Bank Decides It's A Great Time To Introduce A New $9 Fee
By 11.3.11
Tone-deaf to the lessons of Bank of America’s $5 fee debacle, TD Bank is trotting out a new $9 charge for each savings account withdrawal after customers exceed six monthly transactions (excluding deposits or ATM or teller withdrawals). The fee begins in December. [More]
