TD Visa Informative - Witholding funds - TD Visa Card

Review by Tuurbo on 2008-02-01
TD Visa claims a seamless banking system between your TD Visa card, your investments and your regular banking accounts.

First, if you make a payment to your TD Visa card at your local bank or using Online Banking, these Visa payments do not show up on your statements, leaving the consumer wondering where the money has gone.

Second, when you try to use your Visa, on the same day, you can't.

Third, if you even transfer funds from an RRSP to your TD Visa, you can do it, but the transaction doesn't happen until some future date decided upon by TD Visa - the rationale being that they have to calculate RRSP totals the next business day. No TD official could explain why the calculation and transfer couldn't happen the same day.

Maybe they just like having a little extra money in their coffers.
Comments:6 Replies - Latest reply on 2008-02-01
Posted by madconsumer on 2008-02-01:
who and or what is TD?
Posted by Anonymous on 2008-02-01:
TD Waterhouse?
Posted by tnchuck100 on 2008-02-01:
What is TD and RRSP? People are entirely too liberal with abbreviations.
Posted by Anonymous on 2008-02-01:
Toronto Dominion? I know there is a TD North bank in New England. I agree with Chuck about the abbreviations.
Posted by Principissa on 2008-02-01:
RRSP is a Registered Retirement Savings Plan.
Posted by MRM on 2008-02-01:
TD= Terminal Digits.

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