Toronto-Dominion Bank's U.S. retail-banking unit is revamping overdraft charges amid criticism from politicians, regulators and consumer advocates.Toronto-Dominion Bank’s U.S. retail-banking unit is eliminating charges for overdrafts of US$50 or less, joining a parade of lenders revamping their fees amid criticism from politicians, regulators and consumer advocates.Article content
TD Bank also is giving customers who overdraw their accounts by more than that amount 24 hours to fix the issue before incurring a fee, the unit of the Toronto-based company said in a statement Tuesday. The bank is eliminating transfer fees for customers using savings overdraft protection services, and will notify customers when their balances are getting low.
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