How to Close Your TD Bank Account Guide

How to close your TD Bank account is a process that requires careful preparation and understanding to ensure a smooth transition. This guide offers a practical approach, walking you through each step with clarity and purpose, much like preparing for a significant spiritual undertaking. We’ll explore the essentials, from gathering necessary items to understanding the final outcomes, empowering you to navigate this financial transition with confidence and peace of mind.

Understanding the TD Bank account closure process involves a series of deliberate actions. Whether you’re moving funds, consolidating finances, or simply seeking a change, knowing the general steps, the various account types available for closure, and the common motivations behind such decisions is crucial. We’ll also shed light on any potential fees or charges that might be associated with closing your account, ensuring you are fully informed before proceeding.

Understanding the TD Bank Account Closure Process

Closing a bank account, even with a reputable institution like TD Bank, involves a series of steps designed to ensure a smooth transition and prevent any lingering financial ties. This process typically requires direct interaction with the bank, either in person or through established customer service channels. It’s crucial to be prepared with the necessary information and to understand the implications before initiating the closure.The general process for closing a TD Bank account is designed to be straightforward, prioritizing security and accuracy.

It involves verifying your identity, ensuring all transactions are settled, and formally requesting the account closure. Different account types may have slightly varied procedures, and understanding these nuances can prevent unexpected issues.

General Steps for Closing a TD Bank Account

Closing a TD Bank account involves a systematic approach to ensure all obligations are met and the account is officially terminated. This typically starts with preparing your account for closure and then formally communicating your intent to the bank.The primary steps generally include:

• Review Account Activity: Before initiating closure, it is advisable to review your recent transactions to ensure no pending deposits or withdrawals are outstanding. This prevents potential issues or delays in the closure process.
• Transfer or Withdraw Funds: Any remaining balance in the account must be transferred to another account or withdrawn. TD Bank will not close an account with a negative balance.
• Contact TD Bank: Reach out to TD Bank through their customer service line or visit a local branch. You will need to provide identification to verify your identity.
• Complete Closure Forms: A representative will guide you through the necessary paperwork or digital forms to formally request the account closure.
• Confirm Closure: After the request is processed, you should receive confirmation from TD Bank that your account has been successfully closed.

Types of TD Bank Accounts That Can Be Closed

TD Bank offers a variety of account types, and the process for closing each generally follows the same core principles, though specific details might differ. This includes common deposit accounts as well as more specialized ones.The following are typical TD Bank accounts that can be closed:

• TD Checking Accounts: These are the most common accounts used for daily transactions and can be closed following the standard procedure.
• TD Savings Accounts: Accounts designed for accumulating funds can also be closed, ensuring all accrued interest is accounted for.
• TD Money Market Accounts: Similar to savings accounts, these can be closed once funds are withdrawn or transferred.
• TD Certificates of Deposit (CDs): While CDs have a fixed term, they can be closed, though early withdrawal penalties may apply depending on the terms of the CD.
• TD Joint Accounts: Closing a joint account typically requires the consent and cooperation of all account holders.

Common Reasons for Closing a TD Bank Account

Customers choose to close their bank accounts for a multitude of reasons, ranging from dissatisfaction with services to life changes that necessitate a shift in financial institutions. Understanding these common motivations can provide context for the closure process.Some frequently cited reasons for closing a TD Bank account include:

• Better Interest Rates Elsewhere: Customers may find other financial institutions offering more competitive interest rates on savings or checking accounts.
• High Fees: Perceived excessive fees for account maintenance, overdrafts, or specific services can prompt a move to a bank with a more favorable fee structure.
• Poor Customer Service: Negative experiences with customer support, long wait times, or unresolved issues can lead customers to seek a bank with better service.
• Convenience and Accessibility: Relocation, changes in branch proximity, or a preference for online-only banking services can influence account closure decisions.
• Consolidation of Accounts: Individuals may choose to close accounts to simplify their financial management by consolidating all their banking needs with a single institution.
• Change in Financial Needs: As life circumstances change, individuals may require different types of accounts or banking services that TD Bank may not offer or that are better met by another institution.

Potential Fees or Charges Associated with Account Closure

While TD Bank aims for a smooth closure process, it’s important to be aware of potential fees that might be associated with closing an account, especially under certain circumstances. These fees are typically in place to cover administrative costs or to compensate the bank for early termination of agreements.Potential fees to be mindful of include:

• Early Closure Fees: Some accounts, particularly those with introductory offers or specific promotional terms, might incur a fee if closed within a certain timeframe (e.g., within 90 or 180 days of opening). This is to prevent customers from taking advantage of promotional benefits without maintaining a long-term relationship.
• Wire Transfer Fees: If you need to wire funds out of your account as part of the closure process, standard wire transfer fees will apply.
• Overdraft Fees: If there is a negative balance in the account at the time of closure, any outstanding overdraft fees will need to be settled before the account can be formally closed.
• CD Early Withdrawal Penalties: For Certificates of Deposit, withdrawing funds before the maturity date typically incurs a penalty, which is usually a forfeiture of a certain amount of earned interest. The exact penalty varies based on the CD term.
• Account Research Fees: In rare cases, if extensive research or retrieval of historical statements is required to facilitate the closure, a fee might be applied.

It is always recommended to confirm directly with TD Bank about any specific fees that may apply to your particular account type and situation before proceeding with the closure.

Preparing for Account Closure

Before you embark on the journey of closing your TD Bank account, a little preparation goes a long way in ensuring a smooth and hassle-free experience. This proactive approach minimizes potential complications and ensures you retain full control over your finances during the transition. Think of it as packing for a trip; the more organized you are beforehand, the more enjoyable the journey.Gathering the necessary documents and information is the cornerstone of efficient account closure.

Having these items readily available will expedite the process and prevent any last-minute scrambles. It’s about being prepared for TD Bank’s requirements, ensuring you can provide all necessary details without delay.

Essential Documents and Information Checklist

To streamline the account closure process with TD Bank, it is crucial to have the following documents and information at your fingertips. This checklist will help you navigate the requirements efficiently and avoid any unforeseen delays.

• Your TD Bank Account Number(s): This is the primary identifier for your account(s) and is essential for initiating any transaction, including closure.
• Valid Government-Issued Photo Identification: This could include a driver’s license, passport, or state-issued ID. TD Bank needs to verify your identity to authorize the closure.
• Social Security Number (SSN) or Tax Identification Number (TIN): This is often required for reporting purposes related to financial accounts.
• Contact Information: Ensure you have your current phone number and mailing address updated with TD Bank, as they may need to send you final statements or confirmation of closure.
• Details of any Linked Services: If you have any overdraft protection, credit lines, or other services linked to the account, have the relevant information ready.

Managing Remaining Funds

The responsible handling of any remaining funds in your TD Bank account is a critical step before closure. TD Bank offers several convenient methods to ensure you can access your money without issue. Choosing the method that best suits your needs will make this part of the process seamless.TD Bank provides flexible options for withdrawing or transferring the balance of your account.

As shadows lengthen and secrets whisper, the process of closing your TD Bank account begins, a delicate dance of digital threads. Before the final curtain falls, one might ponder if can you transfer money from chime to your bank account , a crucial step before severing ties with your current financial haven. Understanding these transfers ensures a clean slate as you finalize how to close your TD Bank account.

These methods are designed to accommodate various preferences and ensure you receive your funds promptly and securely.

1. In-Branch Withdrawal: You can visit a TD Bank branch with your identification to withdraw the remaining balance in cash or as a cashier’s check. This is a direct and immediate method.
2. Transfer to Another TD Bank Account: If you have another account with TD Bank, you can easily transfer the remaining funds to that account. This can typically be done online, via the mobile app, or in person.
3. Transfer to an External Bank Account: TD Bank allows you to transfer funds to an account at another financial institution. This can often be initiated through online banking or by visiting a branch. Be aware that external transfers may take a few business days to complete.
4. Cashier’s Check: You can request a cashier’s check for the remaining balance, which can then be deposited into another account or cashed.

It is advisable to initiate fund transfers a few days before your intended closure date to allow ample time for processing, especially for external transfers.

Updating Automatic Payments and Direct Deposits, How to close your td bank account

Before closing your TD Bank account, it is imperative to update all automatic payments and direct deposits that are linked to it. Failing to do so can lead to missed payments, service disruptions, and potential late fees. This proactive step ensures your financial obligations continue uninterrupted.This step requires a thorough review of your financial habits and a clear understanding of all recurring transactions associated with your TD Bank account.

By addressing these before closure, you prevent any financial inconveniences.

• Identify all automatic bill payments: This includes utilities, credit cards, loan payments, subscriptions, and any other recurring bills that are automatically debited from your account.
• Locate all direct deposit sources: This typically includes your employer, government benefits, or any other entities that deposit funds into your account.
• Contact each service provider: For automatic payments, reach out to each company or service provider to update your payment method with their new banking information.
• Inform your employer or direct deposit sources: Provide your employer or the relevant entities with your new bank account details for direct deposits.

It is recommended to make these updates at least one to two weeks before your planned account closure date to ensure all transactions are rerouted correctly.

Step-by-Step Pre-Closure Guide

To ensure a smooth and efficient account closure process with TD Bank, follow this structured guide before you contact the bank. This systematic approach will help you anticipate and address all necessary prerequisites.

1. Review your account activity: Examine your recent statements to identify any pending transactions, outstanding checks, or recurring payments.
2. Gather all necessary documents: Ensure you have your account number, identification, and SSN/TIN readily available.
3. Manage your remaining balance: Decide how you will withdraw or transfer the funds from your account. Initiate any necessary transfers in advance.
4. Update all automatic payments and direct deposits: Contact all relevant parties to change your banking information for recurring transactions.
5. Check for any outstanding fees or charges: TD Bank may have specific fees associated with account closure, though this is less common for standard checking and savings accounts. It’s prudent to inquire.
6. Download or print important statements: If you anticipate needing records of your account activity, download or print your statements before the account is closed.

Completing these steps will equip you with all the necessary preparations, making the actual account closure process with TD Bank straightforward and efficient.

Methods for Closing a TD Bank Account: How To Close Your Td Bank Account

Having understood the prerequisites and the necessary preparations for closing your TD Bank account, the next crucial step involves familiarizing yourself with the various avenues available for initiating and completing this process. TD Bank offers several methods, each with its own set of procedures and considerations, to cater to the diverse needs and preferences of its customers. It’s important to select the method that best suits your current situation and comfort level with technology and in-person interactions.This section will delve into the distinct approaches you can take to close your TD Bank account, comparing the convenience and requirements of each.

Whether you prefer the personal touch of a branch visit, the efficiency of a phone call, or the ease of online self-service, we will Artikel the steps involved and highlight key considerations for each.

In-Person Branch Closure

Visiting a TD Bank branch to close your account offers a direct and personal interaction with a bank representative. This method is often preferred by individuals who value face-to-face communication, have complex account situations, or simply feel more comfortable completing financial transactions in person. It also allows for immediate clarification of any queries and ensures that all necessary documentation is handled on the spot.The process typically begins with a visit to any TD Bank branch during their operating hours.

Upon arrival, you will need to present valid identification, such as a driver’s license, passport, or state-issued ID, along with your TD Bank debit card and any checks associated with the account you wish to close. It is advisable to bring your most recent account statement as well, as this can help the banker quickly locate your account details.The bank representative will then guide you through the account closure form.

This form will require you to confirm your identity, specify the account(s) to be closed, and indicate how you wish to receive any remaining balance. Options for receiving the balance usually include a cashier’s check, a direct transfer to another TD Bank account, or a transfer to an account at another financial institution. It is important to note that some branches may have specific policies regarding the disbursement of funds, so it’s wise to inquire about this beforehand.

Remote Account Closure

For customers who are unable to visit a branch due to geographical distance, time constraints, or personal preference, TD Bank provides methods for closing accounts remotely. These options aim to offer flexibility and convenience, allowing you to manage your banking needs from virtually anywhere.The primary remote methods include closing an account via telephone or, where available, through the TD Bank online banking platform.

Each of these channels has its own distinct procedures and requirements, and it’s essential to understand them to ensure a smooth closure process.

Closing an Account via Phone

Closing your TD Bank account over the phone is a convenient option for those who prefer speaking with a representative but cannot visit a branch. This method requires you to call TD Bank’s customer service line. Before making the call, ensure you have your account number, Social Security number, and other personal information readily available for verification purposes.When you contact customer service, clearly state your intention to close your account.

The representative will likely ask you a series of security questions to confirm your identity. Once verified, they will explain the necessary steps, which may involve completing and returning a written authorization form. This form is often mailed to you or can be downloaded from the TD Bank website. You will need to sign and return this form, often via mail or fax, to finalize the closure.

The representative will also discuss how the remaining balance will be handled, similar to the in-branch process.

Closing an Account Online

TD Bank may offer online account closure for certain types of accounts or under specific circumstances. This is the most streamlined method for technologically inclined customers. The availability of this option can vary, so it’s best to check your online banking portal or contact customer service to confirm if your account is eligible for online closure.If online closure is available, you will typically need to log in to your TD Bank online banking account.

Navigate to the account management or customer service section. Look for an option related to account closure or closing an account. The online platform will guide you through a series of steps, which may include verifying your identity through security questions or multi-factor authentication. You will likely need to confirm the account to be closed and specify how you wish to receive any remaining funds.

This might involve selecting a transfer option to another TD Bank account or providing details for a check to be mailed to your address.

Closing a Joint TD Bank Account

Closing a joint TD Bank account, which is held by two or more individuals, requires the consent and cooperation of all account holders. The process is similar to closing an individual account but with the added layer of ensuring all parties agree to the closure and the distribution of funds.Both or all account holders will need to be present if closing in person at a branch, or both will need to provide their consent if closing remotely.

When closing in person, all account holders must present valid identification. The bank will require a signed authorization form from each individual listed on the account, indicating their agreement to close the account and their preferred method for receiving their share of the remaining balance.If closing remotely, the process will involve obtaining consent from all account holders. This might mean that all parties need to be on the line during a phone call, or that each individual must electronically sign an authorization form.

The distribution of funds needs to be clearly agreed upon by all joint account holders, and the bank will facilitate this distribution according to their instructions. It is crucial to have a clear understanding and agreement amongst all joint account holders regarding the closure and the division of any funds before proceeding.

Deceased Customer’s Account Closure

Handling the closure of an account belonging to a deceased customer involves specific legal and procedural requirements. This process is typically managed by the executor or administrator of the deceased’s estate, who will need to provide documentation to the bank to prove their authority.To initiate the closure of a deceased customer’s account, the executor or administrator must contact TD Bank and inform them of the customer’s passing.

They will need to provide a certified copy of the death certificate. Additionally, the executor or administrator must present legal documentation that substantiates their role, such as Letters Testamentary or Letters of Administration. These documents are issued by a court and grant the individual the legal authority to manage the deceased’s estate.Once the bank has verified the death certificate and the executor’s authority, they will proceed with the account closure.

The remaining funds in the account will be disbursed according to the instructions provided by the executor and in accordance with the laws governing estate distribution. This might involve transferring the funds to the estate’s bank account or issuing a check payable to the estate. It is important for the executor to consult with legal counsel to ensure all estate matters, including bank account closures, are handled correctly and in compliance with applicable laws.

Post-Closure Considerations

Once you’ve successfully navigated the process of closing your TD Bank account, a few important details remain to be addressed to ensure a smooth transition and maintain your financial well-being. This section will guide you through the crucial steps that follow the official closure of your account.It’s essential to understand that closing an account isn’t always an immediate erasure of all financial activity.

There are often residual items and confirmation processes that require your attention. Being proactive in managing these aspects will prevent potential issues and provide you with peace of mind.

Outstanding Checks and Transactions

Any checks you’ve written that have not yet cleared your TD Bank account at the time of closure will need to be addressed. Similarly, any pending electronic transactions or automatic payments that were scheduled to debit from the account may require re-routing. TD Bank has a specific procedure for handling these situations to avoid returned checks and associated fees.When an account is closed, TD Bank will typically process any outstanding checks that are presented for payment within a certain timeframe, often up to a few business days after the closure date.

However, if a check is presented after this grace period or if there are insufficient funds remaining in the account to cover it, the check may be returned to the payee, potentially incurring NSF (Non-Sufficient Funds) fees for both you and the recipient. For automatic payments and direct debits, it is your responsibility to update your payment information with the respective merchants or service providers to ensure continuous service and avoid missed payments or late fees.

Confirmation of Account Closure

Obtaining official confirmation from TD Bank that your account has been closed is a vital step for your records. This document serves as proof of closure and can be instrumental in resolving any future discrepancies or inquiries related to the account.You can typically request a written confirmation of account closure from TD Bank. This is often provided in the form of a letter or statement.

• In-Branch Request: Visit a TD Bank branch and speak with a customer service representative. They can usually provide you with a printed confirmation on the spot or mail it to you.
• Phone Request: Contact TD Bank’s customer service line. After verifying your identity, you can request a confirmation letter to be sent to your mailing address.
• Online Banking (Limited): While not always available for direct confirmation letters, some online banking portals might show account status updates. However, for official documentation, direct requests are usually more reliable.

It is advisable to keep this confirmation document in a safe place for your personal records.

Managing Financial Records Post-Closure

Effectively managing your financial records after closing a TD Bank account is crucial for accurate budgeting, tax preparation, and overall financial health. This involves consolidating information and ensuring all past transactions are accounted for.Before closing your account, it’s highly recommended to download or print statements for the period leading up to the closure. This will provide a comprehensive history of your account activity.

• Statement Review: Thoroughly review your final statements to ensure all transactions are accurate and that there are no unexpected charges.
• Record Keeping: Organize all downloaded statements and the account closure confirmation in a secure digital or physical filing system. This will be invaluable for future reference.
• Updating Direct Deposits and Payments: Ensure all direct deposits (e.g., salary, government benefits) and automatic bill payments have been successfully redirected to your new account.
• Tax Implications: If you received any interest income from the account, ensure you have the relevant tax forms (like Form 1099-INT) for your tax filings. TD Bank will typically mail these separately if applicable.

Implications of Closing an Account on Credit History

The act of closing a bank account, particularly a checking or savings account, generally has minimal direct impact on your credit history. Credit bureaus primarily track your borrowing and repayment behavior, which is reflected in credit cards, loans, and mortgages. However, there are indirect ways closing an account could influence your creditworthiness.While closing a bank account doesn’t directly add or subtract points from your credit score, it’s important to be aware of potential indirect effects.

• Credit Utilization Ratio: If you close a credit card account, it can affect your credit utilization ratio, especially if you have a high balance on other cards. For example, if you close a credit card with a $10,000 limit and have $5,000 on another card, your overall available credit decreases, potentially increasing your utilization ratio.
• Average Age of Accounts: Closing an older credit account can reduce the average age of your credit history. A longer credit history is generally viewed favorably by lenders.
• Number of Accounts: While not a primary factor, having a significantly reduced number of open accounts might be perceived by some lenders as less desirable, though this is a minor consideration.

For checking and savings accounts, the impact on your credit report is virtually non-existent, as these are not credit-granting products. The primary concern with closing bank accounts is ensuring smooth financial operations and maintaining accurate records.

Alternative Solutions Before Closure

Sometimes, the desire to close a TD Bank account stems from specific issues rather than a complete dissatisfaction with the bank itself. Before taking the final step, exploring these potential resolutions can save you the hassle of account closure and preserve your banking relationship. It’s often more efficient to address the root cause of dissatisfaction than to start the process of opening new accounts elsewhere.Understanding the underlying reasons for considering closure allows for targeted solutions.

Whether it’s managing unexpected fees, dealing with overdrafts, or simply seeking a more streamlined banking experience, TD Bank offers various avenues to explore. These alternatives can often provide the same benefits you might seek from a new account, without the administrative burden of closing and reopening.

Resolving Overdraft Issues

Overdrafts can be a significant source of frustration and unexpected charges. TD Bank provides several mechanisms to help customers manage and avoid these situations, turning a potential reason for closure into a manageable aspect of your account. Proactive management of your account balance is key.TD Bank offers overdraft protection services that link your checking account to a savings account, line of credit, or credit card.

When your checking account balance is insufficient to cover a transaction, funds are automatically transferred from the linked account to cover the difference, often incurring a smaller fee than a standard overdraft fee. It’s crucial to understand the terms and fees associated with each overdraft protection option.

• Overdraft Protection Plans: These plans automatically transfer funds from a linked TD Bank savings account, credit card, or line of credit to cover overdrafts. Fees for these transfers are typically lower than standard overdraft fees.
• TD Bank Overdraft Fee Grace Period: TD Bank may offer a grace period for certain overdrafts, allowing you to deposit funds to cover the shortfall before a fee is assessed. Review your account agreement for specific details.
• Overdraft Protection Line of Credit: This option provides a dedicated line of credit to cover overdrafts, with interest charged on the borrowed amount. It offers a more structured approach to managing potential shortfalls.

Account Consolidation and Switching

If you find yourself with multiple TD Bank accounts that are difficult to manage or are incurring unnecessary fees, consolidating them or switching to a different account type might be the ideal solution. This can simplify your finances and potentially reduce costs.Consolidating accounts means bringing your balances and transactions under fewer account umbrellas. This can make it easier to track your spending, manage your savings, and avoid multiple monthly maintenance fees.

TD Bank offers various account packages designed to meet different financial needs, from basic checking to premium accounts with enhanced benefits.

• Reviewing Account Offerings: TD Bank provides a range of checking and savings accounts. Comparing their features, fee structures, and minimum balance requirements can help identify a better fit for your current financial habits.
• Consolidating Balances: If you have multiple checking or savings accounts, consider consolidating them into one or two primary accounts to simplify management and potentially meet minimum balance requirements for fee waivers.
• Switching Account Types: If your current account type no longer suits your needs, inquire about switching to a different TD Bank account that offers more favorable terms, such as lower fees or higher interest rates.

Reducing Account Fees and Service Charges

Monthly maintenance fees and other service charges can accumulate, making an account seem less valuable. Fortunately, TD Bank often provides ways to waive these fees, especially for customers who maintain a certain balance or meet specific activity requirements.Understanding the fee schedule for your specific account is the first step. Many fees can be avoided by meeting minimum balance requirements, setting up direct deposit, or enrolling in paperless statements.

Proactively engaging with these options can significantly reduce the cost of maintaining your account.

Fee Type	Methods for Reduction/Waiver
Monthly Maintenance Fee	Maintain a minimum daily balance, set up direct deposit, enroll in online statements, link to another TD Bank account.
ATM Fees	Use TD Bank ATMs or network partner ATMs, enroll in specific account types that offer ATM fee rebates.
Overdraft Fees	Enroll in overdraft protection, monitor account balance closely, set up low balance alerts.

Optimizing Account Usage to Avoid Closure

Account inactivity or failing to meet certain requirements can sometimes lead to account closure by the bank, often after a period of dormancy. By actively using your account and adhering to its terms, you can ensure it remains open and functional.Banks typically define inactivity over a prolonged period, such as 12 to 24 months, during which no transactions occur. To avoid this, regular activity such as making deposits, withdrawals, or using your debit card is recommended.

Additionally, keeping your contact information updated with the bank ensures you receive important notifications regarding your account status.

• Regular Transactions: Make at least one deposit or withdrawal per month, or use your debit card for purchases periodically to demonstrate account activity.
• Direct Deposit: Setting up direct deposit for your salary or other regular income is a strong indicator of active account usage and often helps waive monthly fees.
• Minimum Balance Requirements: Familiarize yourself with and strive to meet any minimum balance requirements to avoid monthly service charges, which can indirectly contribute to account dormancy if not managed.
• Low Balance Alerts: Utilize TD Bank’s online banking tools to set up low balance alerts, helping you avoid overdrafts and maintain a healthy account status.

Closing Summary

Navigating the closure of your TD Bank account doesn’t have to be a daunting task. By approaching it with the right preparation and a clear understanding of the available methods and post-closure considerations, you can ensure a seamless and efficient process. Remember to explore all alternative solutions before making your final decision, and embrace this change as a step towards optimizing your financial journey.

This comprehensive guide has equipped you with the knowledge to move forward with confidence and clarity.

FAQ Compilation

What is the best way to close my TD Bank account?

The “best” way depends on your preference and circumstances. Visiting a branch offers direct interaction and immediate confirmation, while phone or online methods provide convenience. Ensure you’ve completed all necessary steps like transferring funds and updating direct deposits before choosing your method.

Can I close my TD Bank account if I have an outstanding loan with them?

Generally, you cannot close a deposit account if you have an outstanding loan or other obligations with TD Bank. The bank will typically require you to settle these debts first before allowing account closure.

How long does it take to close a TD Bank account?

The timeframe can vary. In-person closures are often immediate, while remote closures might take a few business days for processing and confirmation. It’s advisable to allow a reasonable period for all transactions to clear.

Will closing my TD Bank account affect my credit score?

Closing a checking or savings account typically does not directly impact your credit score. However, if you close a credit card account with TD Bank, it could potentially affect your credit utilization ratio and the average age of your credit accounts, which can have a minor impact.

What should I do if I receive a statement after closing my TD Bank account?

If you receive a statement after you believe your account has been closed, contact TD Bank immediately to clarify the situation. It could indicate that the closure wasn’t fully processed or that there were pending transactions. Ensure you have your closure confirmation document handy.