Welcome to Canada's Favourite Questions and Answers Community, where you can ask practical questions and get sensible answers from people in your city and province. Do you know an answer? It's free to answer and help someone without the need to register or login.

How do i set up a monthly automatic transfer amount from my checking to savings account without going to a TD Bank location? 

0 votes
4 views
Once I read online that the best way to save money for future bad times is to stuff away some money each month automatically to a TFSA savings account, so that we would not see the money being transferred automatically. Otherwise, if we have to do it manually ourselves, we would be tempted not to save the money and instead spend it on something else.

Sometimes it is not about the interest that I could possibly earn by putting a certain amount of money in my TFSA savings account, but rather it is saving for tough times. At this present economic condition of Canada, jobs can be hard to find and job pay can be ridiculously low and not enough to survive on with one family income. We need to have at least two people with full time jobs in order to pay for mortgages and all other house expenses.

I know that if I go to a TD bank branch location, I could possibly authorized the automatic transfer of money funds from my checking account to my TFSA account, but I do not like to line up at TD bank. If I could do it online, I could be saving a lot of time. Saves me a trip to the TD Bank.
asked in Goose Bay by Brandon Mclean (126 points)

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

Related questions

...