How to close a savings account with TD Bank?

Closing a savings account with TD Bank is a simple process that can be done either in person, over the phone, or through online banking. If you’ve decided to close your savings account for any reason, follow these steps to ensure a smooth and hassle-free experience.

1. Visit a TD Bank branch
To close your savings account in person, visit a TD Bank branch and speak to a customer service representative. Bring valid identification, such as a driver’s license or passport, and your account information.

2. Call TD Bank customer service
If visiting a branch is not an option, you can call TD Bank customer service at 1-888-751-9000 to close your savings account over the phone. Make sure you have your account information on hand when you call.

3. Access your online banking account
If you prefer to close your savings account online, log in to your TD Bank online banking account. Look for the option to close your account and follow the instructions provided.

4. Withdraw all funds
Before closing your savings account, make sure to withdraw all funds from the account. You can transfer the funds to another account, request a cashier’s check, or withdraw the funds in person at a branch.

5. Check for any recurring payments
If you have any recurring payments linked to your savings account, such as direct deposits or automatic bill payments, make sure to update your account information with the new account before closing the old one.

6. Confirm account closure
Once you’ve followed all the necessary steps to close your savings account, make sure to confirm with the bank that the account has been successfully closed. You may receive a confirmation letter or email from TD Bank.

7. Destroy old checks and cards
To prevent any confusion or unauthorized transactions, make sure to destroy any old checks or debit cards associated with your closed savings account.

8. Keep proof of account closure
For your records, it’s a good idea to keep a copy of the account closure confirmation and any other documentation related to closing your savings account with TD Bank.

9. Avoid fees
Before closing your savings account, check with TD Bank to see if there are any early closure or account closing fees. Make sure to settle any outstanding fees before closing the account.

10. Consider your options
Before closing your savings account, consider whether you might want to reopen it in the future. If you’re unsure, you may want to keep the account open with a zero balance to avoid potential fees for reopening the account later on.

11. Update your information
After closing your savings account, make sure to update any financial institutions, employers, or service providers with your new account information to avoid any disruptions in payments or deposits.

12. Seek assistance if needed
If you have any questions or concerns about closing your savings account with TD Bank, don’t hesitate to reach out to customer service for assistance. They’ll be able to provide guidance and support throughout the process.

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