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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 95383 times)

Offline etech0

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Re: TD GO
« Reply #220 on: July 28, 2014, 08:15:05 PM »
how many other people got screwed by not putting the slashes in their DOB?
Workflowy. You won't know what you're missing until you try it.

Offline Shmulie

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Re: TD GO
« Reply #221 on: July 28, 2014, 08:54:08 PM »
just tried making a new account and when i was up to step 5 on the teen (submitting order) it said: System error. An unexpected exception occurred. Please try again later.
any help?

Offline etech0

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Re: TD GO
« Reply #222 on: July 28, 2014, 08:56:40 PM »
just tried making a new account and when i was up to step 5 on the teen (submitting order) it said: System error. An unexpected exception occurred. Please try again later.
any help?
try again?
I got that error at a different stage and tried again and it worked
Workflowy. You won't know what you're missing until you try it.

Offline Shmulie

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Re: TD GO
« Reply #223 on: July 28, 2014, 08:58:17 PM »
try again?
I got that error at a different stage and tried again and it worked
yeah i just realized i spelled the last name wrong maybe that was the reason, it worked now :)

Offline Shmulie

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Re: TD GO
« Reply #224 on: July 28, 2014, 09:01:34 PM »
how do I avoid the 4.95 fee? I have a TD bank account, do I have to add my TD debit card as one of the funding accounts?

Offline Centro

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Re: TD GO
« Reply #225 on: July 28, 2014, 10:18:48 PM »
how do I avoid the 4.95 fee? I have a TD bank account, do I have to add my TD debit card as one of the funding accounts?


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

The 4.95 first time setup would still apply.

Offline Shmulie

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Re: TD GO
« Reply #226 on: July 28, 2014, 10:26:46 PM »

oh ok I didnt see that post

also i just checked my freedom card and it looks like its being charged as a C.A does it switch later or should I call them or TD to fix it?
if so what should I tell them?

Offline Centro

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Re: TD GO
« Reply #227 on: July 28, 2014, 10:35:16 PM »
oh ok I didnt see that post

No problem at all.

Quote
also i just checked my freedom card and it looks like its being charged as a C.A does it switch later or should I call them or TD to fix it?
if so what should I tell them?


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 Shmulie

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Re: TD GO
« Reply #228 on: July 28, 2014, 10:44:23 PM »

No problem at all.
thanks I did see that post but I think someone else said that it stayed a C.A
I guess I'll just wait to see how long do you think it should take to change?

Offline zow

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Re: TD GO
« Reply #229 on: July 28, 2014, 10:48:25 PM »
thanks I did see that post but I think someone else said that it stayed a C.A
I guess I'll just wait to see how long do you think it should take to change?

As I said earlier, I loaded with my Sapphire Preferred, and it remained a cash advance for about 3 business days, and then magically it converted to a regular purchase.  I would recommend sitting on your hands.

Offline etech0

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Re: TD GO
« Reply #230 on: July 28, 2014, 10:56:37 PM »
As I said earlier, I loaded with my Sapphire Preferred, and it remained a cash advance for about 3 business days, and then magically it converted to a regular purchase.  I would recommend sitting on your hands.
but watch out for pins and needles
Workflowy. You won't know what you're missing until you try it.

Offline Shmulie

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Re: TD GO
« Reply #231 on: July 28, 2014, 11:29:46 PM »
As I said earlier, I loaded with my Sapphire Preferred, and it remained a cash advance for about 3 business days, and then magically it converted to a regular purchase.  I would recommend sitting on your hands.
did it change before or after the transaction cleared (from pending)
bec I dont want to get a charged interest on a C.A the rate is crazy

Offline smaxber

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Re: TD GO
« Reply #232 on: July 28, 2014, 11:59:44 PM »
Does it work with CA set to 0?

Offline Centro

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Re: TD GO
« Reply #233 on: July 29, 2014, 12:05:10 AM »
Does it work with CA set to 0?


Just tried this on my chase freedom with CA limit 0 and it didn't go through. I will try on my sapphire which does not have a CA limit 0 and see what happens.

Offline Novo

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Re: TD GO
« Reply #234 on: July 29, 2014, 12:19:25 AM »
how many other people got screwed by not putting the slashes in their DOB?
Where did you get stuck?
I try my best :-\
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Offline zow

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Re: TD GO
« Reply #235 on: July 29, 2014, 12:27:11 AM »
did it change before or after the transaction cleared (from pending)
bec I dont want to get a charged interest on a C.A the rate is crazy

Here is the timeline of events, as I understand them:
1. Use SP to purchase or load TD GO.
2. The transactions are listed as "pending" (as "TD Go") under temporary authorization.
3. Concurrent with #2, the amount "available for cash advance" is reduced by the amount of the TD GO transactions, but the cash advance balance still reads zero.
4. A day or two later, the transactions disappear from the temporary authorization window, and the cash advance balance reflects the amount of the TD GO transactions.
5. After a few more business days, the cash advance balance returns to zero, and the amount available for cash advance returns to its maximum.
6. Concurrent with #5, the transactions appear under "posted activity" as "Sale - TD BANK TD GO CARD LOAD".

I don't where online I can see if I have been charged any interest.  I know where to find that on my monthly statement, but I don't see where to find it in real time online.  Maybe someone can advise?

Offline smaxber

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Re: TD GO
« Reply #236 on: July 29, 2014, 12:32:25 AM »
Does it work with CA set to 0?

Just tried this on my chase freedom with CA limit 0 and it didn't go through. I will try on my sapphire which does not have a CA limit 0 and see what happens.


Wow I screwed myself. Literally just asked chased to lower all mine to 0...

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Re: TD GO
« Reply #237 on: July 29, 2014, 12:42:02 AM »
Wow I screwed myself. Literally just asked chased to lower all mine to 0...
Can't unscrew?

Offline Novo

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Re: TD GO
« Reply #238 on: July 29, 2014, 12:45:22 AM »

I don't where online I can see if I have been charged any interest.  I know where to find that on my monthly statement, but I don't see where to find it in real time online.  Maybe someone can advise?
They charge you interest when the statement closes so you won't be able to see it until then.
I try my best :-\
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Offline Dr Moose

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Re: TD GO
« Reply #239 on: July 29, 2014, 12:49:24 AM »
They charge you interest when the statement closes so you won't be able to see it until then.
IINM for a CA they start charging interest the day of the transaction
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