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DEAD -Scheduled to get killed on Sep. 3-

"Dear TD Go Customer

Beginning September 3, 2014, we're making changes to the TD GO Card program.
•We're decreasing the reload limit. We're reducing the per-day reload amount from $1,000 to $500. Rest assured, your maximum card balance at any time will remain at $2,000.
•We're changing how you can fund your TD Go Card. Account owners and friends and family members will only be able to load TD Go Card(s) using a TD Bank Debit or Credit Card, or by direct deposit. ◦If you don't have a TD Bank Debit or Credit Card, you may continue to fund your existing TD Go Card(s) by setting up direct deposit or by opening a TD Bank Checking or Credit Card account. To open a TD Bank account, call us anytime at 1-888-751-90000, visit any TD Bank location, or connect to tdbank.com."



TD Go

http://www.tdbank.com/gift-prepaid-cards/tdgocard/

The website is really quite good - clearly written, well explained - and much of the information in this wiki is from there.

Summary:

TD Go is a reloadable Visa Buxx prepaid product designed for teens. There is an Account Owner account with an online view of up to 7 teen accounts, each with a card. The Account Owner (and others, see below) can add funds and check the balance online or over the phone.

Requirements:

Both the Account Owner and teen must live in one of the following states (or DC): Connecticut, Delaware, District of Columbia, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont or Virginia.

The Account Owner must be at least 18, the teen must be at least 13. Both must have valid SS#s.

Details, Fees, Limits:

The initial purchase cost is $4.95 for a load of $20 to $1,000 from a CC or DC. A card will be sent to you shortly. You can't do anything further without the card, because you have to register it online before you can use it or load it further.

Subsequent loads will cost $1.00 for up to $1,000 load per teen card per day.

When using a CC for an initial purchase or load, be careful that it is not coded as a Cash Advance, because you will most likely not get any rewards for such a purchase and you may also be charged interest for it. You can set you CA limit to zero to protect yourself, but this may cause your CC to be declined for loading from it (which may be a good thing). Please search the thread for quite a few accounts of different, sometimes conflicting experiences with this and exercise caution.

You may load up to $3,000 per teen card per 30 days (not calendar month), but you may only have a maximum balance of $2,000 per teen card at any time.

You may withdraw $60 per week (!) via ATM. TD ATMs are free, non-TD ATMs have an additional $3.00 fee on top of whatever the ATM itself may charge. Also, checking your balance at a non-TD ATM will cost you $3.00.

Point of Service (POS) transactions, PIN or signature, are free.

You may obtain cash back via PIN POS, up to the balance on the card, or any limits imposed by the store you are in, whichever is less.

There seems to also be a $2,000 limit on transactions per rolling 7 days, which I can't find in the documentation, but was reported to me by a CS agent over the phone.

There is a $2.50 monthly Inactivity fee after 12 months of inactivity, and a 3% charge for using the card outside of the US.

There are a few other fees on the card that you are less likely to run into. For further information, please see the Terms of Service document, which you should read carefully for ANY new financial product in which you are planning to participate, regardless of how confident you are that you know how it works.

One other interesting feature of this program is that they encourage people other than the Account Owner to fund the teens' cards. Each other family member or friend will need to sign up with a profile, live in one of the states listed above, and provide their SS#, but they can then fund the teens' cards online or over the phone as the Account Holder would.

What to do with a funded card:

You can purchase things, using Pin Debit or signature in stores, or online. You can get a small amount of cash back at TD ATMs. You can get cash back at registers when making a purchase. You can probably fund AP, BB/Serve and Evolve, though I have not personally verified that, and I know nothing about the potential dangers of doing so. Some report that you can pay your Citi CC bill over the phone using it as a DC, which it is.

And shockingly enough, you can even give a card to your teen so that they can start learning financial responsibility.  ::)
« Last edited by Novo on July 31, 2014, 10:45:16 PM »

Author Topic: TD GO  (Read 95393 times)

Offline Centro

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Re: TD GO
« Reply #180 on: July 25, 2014, 01:59:39 PM »
How does TD recognizance that I am a TD customer so I don't get charged the fee?
Social? (idk)

Offline Adlebo

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Re: TD GO
« Reply #181 on: July 25, 2014, 02:12:33 PM »
How does TD recognizance that I am a TD customer so I don't get charged the fee?
I applied for a card and was charged 4.95 even though I'm a td customer. When I called they said that it's charged even for customers so I'm not sure where that info came from.

Offline yoshi

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Re: TD GO
« Reply #182 on: July 25, 2014, 02:20:33 PM »
This is not related to TD GO but I made a purchase for my son with my citi card because he was at work and was unable to do so.  I asked for the payment and he said he is going to use his debit card to pay it-i didnt believe that could be done so I called citi  and they said its not a problem so using  my son's debit card I made the payment over the phone.

Offline itsyehuda

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Re: TD GO
« Reply #183 on: July 25, 2014, 03:53:34 PM »
I applied for a card and was charged 4.95 even though I'm a td customer. When I called they said that it's charged even for customers so I'm not sure where that info came from.

I think they were referring to the $1 load fee.

The 4.95 first time setup would still apply.
I remember when a coke was a nickel, and you could buy VRs in OD.

Offline nobiggy

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Re: TD GO
« Reply #184 on: July 25, 2014, 08:17:39 PM »
FYI.
I reported earlier how when I made a 1k load on my chase cc it showed as a pending CA.

someone on thehustleblog.com asked...

So does Citi at first treat it as a Cash Advance and then it changes to a purchase?

The #hustle Blog
Yes

Could be the same by chase.

Offline Centro

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Re: TD GO
« Reply #185 on: July 26, 2014, 11:46:13 PM »
someone on thehustleblog.com asked...

So does Citi at first treat it as a Cash Advance and then it changes to a purchase?

The #hustle Blog
Yes
If they indeed treat it as CA then I doubt it would go through if the CA is lowered to 0.

Offline nobiggy

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Re: TD GO
« Reply #186 on: July 26, 2014, 11:52:47 PM »
If they indeed treat it as CA then I doubt it would go through if the CA is lowered to 0.

I just called Barclays my charge to TD for my first teen (myself :P) went through as a regular charge!! (and my CA limit is not 0 its $2400)

Offline 18seagate

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Re: TD GO
« Reply #187 on: July 27, 2014, 12:29:02 AM »
I just called Barclays my charge to TD for my first teen (myself :P) went through as a regular charge!! (and my CA limit is not 0 its $2400)
who's the parent on your account?

Offline nobiggy

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Re: TD GO
« Reply #188 on: July 27, 2014, 12:45:32 AM »
who's the parent on your account?

me ;D ;D

Offline sruly101

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Re: TD GO
« Reply #189 on: July 27, 2014, 06:11:17 AM »

Offline nobiggy

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Re: TD GO
« Reply #190 on: July 27, 2014, 09:21:14 AM »

Offline zow

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Re: TD GO
« Reply #191 on: July 27, 2014, 10:37:19 AM »
I opened two accounts on 7/23, one for each of my teenage children.  Cards have not yet arrived.

I loaded each account with $100 from my Chase SP.  They initially appeared as pending charges, but when I checked my Chase account today, I can't find them.  However, it does appear that they got assessed as cash advances, based on the "Account Details" view:
Cash Advance
    Cash Advance Balance    $0.00
   
    Cash Advance Limit    $2,000.00
   
    Available for Cash Advance    $1,790.10
--------------------------------------------------
My questions for you all:
1. How can I see the specific listings of the cash advance transactions? (I understand that my two $100 loadings, plus the $4.95 per card, constitute the difference between $2,000 and $1,790.10, but I can't see the individual CA's anywhere.)

2. Can I expect that these apparent CA's will magically convert to purchases?

3. If answer to #2 is NO, what should I do? 

Thanks, everyone.
 

Offline nobiggy

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Re: TD GO
« Reply #192 on: July 27, 2014, 10:41:51 AM »
I opened two accounts on 7/23, one for each of my teenage children.  Cards have not yet arrived.

I loaded each account with $100 from my Chase SP.  They initially appeared as pending charges, but when I checked my Chase account today, I can't find them.  However, it does appear that they got assessed as cash advances, based on the "Account Details" view:
Cash Advance
    Cash Advance Balance    $0.00
   
    Cash Advance Limit    $2,000.00
   
    Available for Cash Advance    $1,790.10
--------------------------------------------------
My questions for you all:
1. How can I see the specific listings of the cash advance transactions? (I understand that my two $100 loadings, plus the $4.95 per card, constitute the difference between $2,000 and $1,790.10, but I can't see the individual CA's anywhere.)

2. Can I expect that these apparent CA's will magically convert to purchases?

3. If answer to #2 is NO, what should I do? 

Thanks, everyone.

i don't take any responsibility however listen to the following.
i have read that with CITI  changes over from CA to purchase. I don't know what is with chase.
I did the same thing and i called and had it reversed from TD.
I then funded it with a Barclay card and it went through as reg. purchase not CA. (even though i have CA ability)
To be on safe said I would call TD and cancel the charge and use a cc with 0 CA limit.


Offline zow

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Re: TD GO
« Reply #193 on: July 27, 2014, 10:47:20 AM »
i don't take any responsibility however listen to the following.
i have read that with CITI  changes over from CA to purchase. I don't know what is with chase.
I did the same thing and i called and had it reversed from TD.
I then funded it with a Barclay card and it went through as reg. purchase not CA. (even though i have CA ability)
To be on safe said I would call TD and cancel the charge and use a cc with 0 CA limit.

Thanks. I appreciate that.  I'm not too worried about the two small cash advances, so I think I'm going to wait a business day or two, and I'll post back here my experience.   I think we are still lacking confirmation on this thread from anyone who has had success purchasing with a Chase card (one mention of a Freedom card being used but I would like to see more data).

Offline nobiggy

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Re: TD GO
« Reply #194 on: July 27, 2014, 10:50:09 AM »
Thanks. I appreciate that.  I'm not too worried about the two small cash advances, so I think I'm going to wait a business day or two, and I'll post back here my experience.   I think we are still lacking confirmation on this thread from anyone who has had success purchasing with a Chase card (one mention of a Freedom card being used but I would like to see more data).

worse comes to worse if it posts as a CA. call TD have it reversed. and call chase and i am sure you wont be charged.

Offline Jay s

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Re: TD GO
« Reply #195 on: July 27, 2014, 12:23:18 PM »
I have used chase cards and Barclays cards for a few months already they always post as purchase , except that by chase it originally posts as cash advance and then as a regular purchase

Offline Boruch999

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Re: TD GO
« Reply #196 on: July 27, 2014, 04:08:39 PM »
who's the parent on your account?
me ;D ;D

So you opened a Parent Profile with your name, DOB, and SSN and then proceeded to open a teen card with your name, DOB and SSN?

Offline zow

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Re: TD GO
« Reply #197 on: July 27, 2014, 04:17:21 PM »
I have used chase cards and Barclays cards for a few months already they always post as purchase , except that by chase it originally posts as cash advance and then as a regular purchase

Jay s, that's encouraging.  About how long before the cash advance magically converts to a regular purchase on Chase? And, may I ask, which Chase product...I wonder if it matters?

Offline sruly101

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Re: TD GO
« Reply #198 on: July 27, 2014, 04:20:05 PM »
So you opened a Parent Profile with your name, DOB, and SSN and then proceeded to open a teen card with your name, DOB and SSN?
this is what they say!

Offline nobiggy

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Re: TD GO
« Reply #199 on: July 27, 2014, 04:53:05 PM »
So you opened a Parent Profile with your name, DOB, and SSN and then proceeded to open a teen card with your name, DOB and SSN?

yes