TD Withdraw Question

[jeeva86]

I have a daily limit that I can take out of the TD GM, but I went to the teller to cash out half of it and then I went to the machine and it allowed me to only take out half of my daily limit. Did the teller just screw me up by taking the money out of the daily limit? I didn't want to take out all the cash at the teller because they ask too many questions and take too long so that's why I wanted to take out some of it from the teller then rest from the machine.

[spf1971]

Do you mean you took half of your daily limit at the teller and half of your limit at the ATM?

1/2 your limit + 1/2 your limit = daily limit! I don't see the problem

[brunes]

0.5 + 0.5 = 1, I don't understand your post. And what do you mean you didn't want to take it all out from the teller because "they ask too many questions" -there is no possible way it is faster to do two separate transaction types (ATm and teller) than just one.

And even if you think tellers are so slow why didn't you just take it all out at the ATM?

This post is very irregular.

[AllWheelDrift]

I think the point is teller transactions aren't subject to your daily ATM limit so why would a teller withdrawl reduce your daily ATM limit?

[Thalo]

Teller withdrawals have no impact on ABM withdrawal limits at TD. It's probably that you already had used half your daily withdrawal limit (perhaps the night before) or you only had so much left on your weekly limit. Your limits can be easily changed just by speaking with the greeter at the branch or calling Easyline. They are meant to protect you against fraud, not to limit your access to your own money. I'm assuming you're not yet at the $1200 daily max limit.

[jeeva86]

I think the point is teller transactions aren't subject to your daily ATM limit so why would a teller withdrawl reduce your daily ATM limit?

Yes, that's what I mean.

I have the max daily ATM limit of $1300, but I needed $1500 so I took out 700 from the teller and then I wanted to go to the machine to pull out 800 but it denied and said only 600 is available.

If I went to the teller and asked for 1500, they ask tons of questions and are really slow. I've done this many times and this always happens. Even for taking out the 700, the guy did atleast 100 keystrokes.

I guess their slowness works well since they're open long hours.

[Prospero]

I don't get it. If you were already talking to the teller, why didn't you ask for the whole $1500 right at once? Why go through the extra step of going to the ABM afterwards? I mean you've already taken the time to line up at the teller. You've already gone through the whole process with them. Why not ask for the whole $1500 to begin with since it takes zero extra effort from you or the teller at that point? Why then add the extra unnecessary step to go to the ABM?

And so what if the teller asks questions? Usually its just swipe the card, enter your PIN, and how may I help you today. What kind of questions were you being asked that made you nervous or bothered?

[jeeva86]

I don't get it. If you were already talking to the teller, why didn't you ask for the whole $1500 right at once? Why go through the extra step of going to the ABM afterwards? I mean you've already taken the time to line up at the teller. You've already gone through the whole process with them. Why not ask for the whole $1500 to begin with since it takes zero extra effort from you or the teller at that point? Why then add the extra unnecessary step to go to the ABM?

And so what if the teller asks questions? Usually its just swipe the card, enter your PIN, and how may I help you today. What kind of questions were you being asked that made you nervous or bothered?

Naa man, they'll ask for 2 pieces of ID, then they'll photocopy them and then they'll harass me on why do you need everything in cash. Trust me, it's such a hassle to take out cash which is like greater than 1000. The ABM is quicker than the interogating teller.

[15-20_God]

Naa man, they'll ask for 2 pieces of ID, then they'll photocopy them and then they'll harass me on why do you need everything in cash. Trust me, it's such a hassle to take out cash which is like greater than 1000. The ABM is quicker than the interogating teller.

totally agree. tellers should just give the money out to whoever walks in off the street with a bank card or the ability to forge a signature. after all, its not their money, its yours. even better, they should leave the cash in a bag by the door and ppl should just leave notes when they withdraw money.

[demanche]

Td isn't that bad, I took out some money during lunch hour -- I like the fact they check id's for larger withdrawls\

Also, if you call the number on the back of the card they can temp increase your limit so you can make a one time larger withdrawl

[myapple]

Naa man, they'll ask for 2 pieces of ID, then they'll photocopy them and then they'll harass me on why do you need everything in cash. Trust me, it's such a hassle to take out cash which is like greater than 1000. The ABM is quicker than the interogating teller.
hey, shouldn't complain about tight security. At the 2 BMO branches that i use, i just give the teller my bank card and they withdraw cash for me no questions asked. a little scary if u ask me. if i lost my bank card and didn't realize, someone could just walk up to a teller and take out money without a PIN or ID or anything.

[jeeva86]

Ok, back to the topic, so I guess the teller took out the money I wanted from the daily limit? I didn't know this was possible.

[mirek]

Ok, back to the topic, so I guess the teller took out the money I wanted from the daily limit? I didn't know this was possible.

Next time just take the whole amount from the teller, if they ask what it's for tell them hookers and blow, Are you using it for some top secret mission that you can't tell them? Make something up, what do you care. Are you that scared to deal with people?

[brunes]

Next time just take the whole amount from the teller, if they ask what it's for tell them hookers and blow, Are you using it for some top secret mission that you can't tell them? Make something up, what do you care. Are you that scared to deal with people?

Frankly IMO it is absolutely none of their business what it is for! If they asked me I would tell them so, and if they gave me any gaff whatsoever I would immediately ask to speak to the bank manager to put them in line.

Unless the amount is over 10K bank employees have no obligation or right to question what you are doing with your money, period. Once a withdraw goes over 10,000 it triggers all these automatic flags in the system at which point they will ask, for sure. it's also logged in some kind of anti-organized-crime database.

[mirek]

Frankly IMO it is absolutely none of their business what it is for! If they asked me I would tell them so, and if they gave me any gaff whatsoever I would immediately ask to speak to the bank manager to put them in line.

Unless the amount is over 10K bank employees have no obligation or right to question what you are doing with your money, period. Once a withdraw goes over 10,000 it triggers all these automatic flags in the system at which point they will ask, for sure. it's also logged in some kind of anti-organized-crime database.

That's my point, it doesn't matter what you tell them it's for, they shouldn't care. As long as you don't tell them you're sending it to binladen, who cares.

[jeeva86]

I donno, my past experiences weren't so great with the tellers at TD. I'll give them another chance.

[elty]

Off topic but is there a limit on for cheque? Or I can write cheques as long as I have the money?

[bonzo]

Naa man, they'll ask for 2 pieces of ID, then they'll photocopy them and then they'll harass me on why do you need everything in cash. Trust me, it's such a hassle to take out cash which is like greater than 1000. The ABM is quicker than the interogating teller.

If your talking about taking money out of your TD Visa card (cash advance), I believe its Visa that requires them to record 2 pieces of ID no matter what the amount is...Its easier just to link your TD Visa card on your access card or get a pin for your TD Visa. Don't have to go through the whole cash advance process.

[bonzo]

Off topic but is there a limit on for cheque? Or I can write cheques as long as I have the money?

You can make the limit any amount you want as long as you have the funds in the account...some people don't and you get returned cheques or NSF fees.

I wonder if anyone knows this, cause I have been told many different things. Are post dated cheques illegal or technically not really allowed? I know most land lords require them to rent but I have heard there really is no recourse if the teller or ABM lets the cheque go through when it has been post dated.

Does anyone know the official answer?

[brunes]

That's my point, it doesn't matter what you tell them it's for, they shouldn't care. As long as you don't tell them you're sending it to binladen, who cares.

Yeah but it is the principle. I should nt have to lie just to protect m y privacy. The answer should simply be "I do not believe I am required to divulge my personal financial obligations to you.".

[mirek]

Yeah but it is the principle. I should nt have to lie just to protect m y privacy. The answer should simply be "I do not believe I am required to divulge my personal financial obligations to you.".

I can see where you're coming from, you can say that too :)

[UrbanPoet]

Its your money.... Security measures have to be taken to protect it.

[sunnybono]

I have a daily limit that I can take out of the TD GM, but I went to the teller to cash out half of it and then I went to the machine and it allowed me to only take out half of my daily limit. Did the teller just screw me up by taking the money out of the daily limit? I didn't want to take out all the cash at the teller because they ask too many questions and take too long so that's why I wanted to take out some of it from the teller then rest from the machine.

WD money from a teller should not affect your WD limit on yoru card!!!

sk

[Thalo]

You can make the limit any amount you want as long as you have the funds in the account...some people don't and you get returned cheques or NSF fees.

I wonder if anyone knows this, cause I have been told many different things. Are post dated cheques illegal or technically not really allowed? I know most land lords require them to rent but I have heard there really is no recourse if the teller or ABM lets the cheque go through when it has been post dated.

Does anyone know the official answer?

Post dated cheque is legal as long as there's enough money in your account to cover it. Writing a cheque for money you don't have, regardless of the date you put on it, is technically fraud. The date on the cheque has no impact on its negotiability, it is just an agreement between you and the payee that the payee is not to deposit it until a specific date. If he does deposit it early a teller may or may not stop the cheque from being deposited (or put it in post dates) as a courtesy to you. Of course, if deposited in an ABM there's nothing stopping it.

[UrbanPoet]

WD money from a teller should not affect your WD limit on yoru card!!!

sk

Thats actually up to the discretion of the teller.
Usually tellers dont lower daily withdraw limits if you withdraw from a teller. The only reason they would do so is if they see that you had uncleared checks that have recently been deposited.

the reason for this is that theres a common fraud where a person would deposit a fradulent check hoping that the teller wont put a hold on it.
Then they would go from branch to branch making withdraws.

[jeeva86]

Thats actually up to the discretion of the teller.
Usually tellers dont lower daily withdraw limits if you withdraw from a teller. The only reason they would do so is if they see that you had uncleared checks that have recently been deposited.

the reason for this is that theres a common fraud where a person would deposit a fradulent check hoping that the teller wont put a hold on it.
Then they would go from branch to branch making withdraws.

I have automatic deposits so nothing was on hold..seems like the teller ****ed me up..something to keep in mind when I take cash at the tellers. Thanks.

[Bell Rep]

Why didnt you withdraw from the machine first ?

If you did go through the over $1000 withdrawals before then you shouldnt have any problem as you already know what they going to do and say so really its your fault and not theres at all

To be honest I can care less what they say when I want MY $1500, probably take an extra 2-5 minutes but thats nothing because most of that time is to count the money

You can basically say anything when they ask you why and it wouldnt matter

They go through that process because you dont want someone that found your card and withdrawing all your money with no id or anything, if anything you should be glad they do that process

[jacksorbetta]

I'm a teller, and believe me, we don't request ID or ask questions to be nosy: it's to ascertain that you are who you say you are. If I can't clearly see/read a siggy on a bankcard, bet your tootie I'm checking ID. I would hate to be the one teller who didnt, and that poor legitimate customer was scammed/robbed/impersonated, and lost a bunch of money because I didn't do my due-dilligience. We personally dont care what you use your own money for.....we just want to make sure it's a legitimate transaction. At my branch, we have a set cash withdrawal limit but only because we only carry enough cash in branch to service our average amount. If someone wants more, we just kindly request of them to pre-order it by 24 hrs so we can either save enough, or order it in the right denominations for them.

Oh, and BTW, we only take note of large cash deposits. Anything over 10k gets a Large Cash Transaction Register- which is required by law, and the banks must follow the guidelines. However, a Suspicious Transaction Report can be done for any transactions, if we feel it is out of character for you, is third-party or whatever (but you would never know we filled one out).

My advice: get to know the tellers in your branch, visit every few weeks, and I promise you they will not only know your name when you enter the bank, but will probably remember your transaction preferences.