How Do I Setup a Recurring Transfer in My TD Bank Account?

If you bank with TD Bank, you can make sure you never forget to pay a bill on time again by setting up recurring transfers to regularly and automatically send money from your TD Bank account to one at a different bank. To learn how to set up automatic transfers, read on.

ACH Transfer Basics

You may be familiar with wire transfers, which are electronic transfers that go directly from one bank to another. An ACH transfer is very similar but, instead of going directly from one bank to another, it gets processed by a third party clearinghouse as part of a large batch of transfers all done at the same time. Because of this third party involvement, an ACH transfer is not as fast as a wire transfer. However, it is a lot cheaper. For recurring TD Bank transfers, it's always free. You can also set up an ACH transfer to happen on a recurring basis.

How to Set Up a Recurring ACH Transfer Using Your Computer

To set up a recurring ACH transfer from your computer, follow these steps:

1. Go to TD Bank's Online Banking page.
2. Sign in.
3. Click on Bill Pay.
4. Click the account you wish to transfer money to.
5. Click on the AutoPay button.
6. Click on Set Up AutoPay.
7. Click the account you want to transfer from.
8. Enter the amount to transfer.
9. Click on the calendar menu.
10. Select a date to send the transfer.
11. Click on the frequency menu.
12. Select a frequency for the transfer.
13. Click on the duration menu.
14. Choose a duration for the transfers.
15. Choose an email notification option.
16. Click on the Start Sending Payments button.
17. Click on the Close button.

How to Set Up Recurring ACH Transfers Using the TD Bank App

To set up the transfers on the TD Bank app, follow these steps:

1. Open the app.
2. Tap Pay a Bill.
3. Select the account to transfer to.
4. Tap the AutPay tab.
5. Enter the amount to transfer.
6. Tap on the account you to transfer from.
7. Tap the calendar.
8. Choose a date to send the first transfer.
9. Tap Confirm.
10. Tap the "How often should this bill be paid?" option.
11. Select a frequency for the transfer.
12. Tap Select.
13. Select a duration for the payments.
14. Tap the Set AutoPay button.
15. Tap the OK button.

Linking an External Account

If you want to send recurring ACH transfers then you must first link the account you want to transfer to with your TD Bank account. To do that, follow these steps:

1. Go Online Banking.
2. Sign in.
3. Navigate to the Payment Center.
4. Click Add a Company or Person.
5. Search the list of payees to find yours. If you find it there, select it. If you do not find it on the list, click on either the person or company buttons. Enter the needed information for your payee.
6. Enter your ZIP code and account number.
7. Enter a name for the payment, if desired.
8. Click Add.
9. Click Finish.

Contacting TD Bank

If you need help setting up a recurring ACH transfer, ask a TD Bank representative for assistance. You can find one on the phone, the help forum, or by email.