Disclosures and Agreements

Below are links to our disclosures for your convenience.

FAQs

What are state restrictions?

Not all products are available in all states. Each state has its own set oflaws designed to protect investors against fraudulent sales practices and activities in its territory. As a result, a state restriction will vary by the issuing bank and offering. TotalDirectBank can conduct business anywhere in the US with exception of American Samoa, Florida, Guam, Northern Mariana Islands, Puerto Rico and US Virgin Islands

What are the differences between a Certificate of Deposit and a Money Market Deposit Account?

	Money Market Deposit Account	Certificate of Deposit (CD)
Recommended for:	Low-risk rainy-day fund	Long-term deposits
Withdrawal Restrictions:	Six transactions per month	Withdrawal fee before maturity
Fees:	Excessive transaction fee	Early withdrawal and wire transfer fees
Minimum Balance:	$2,500	$25,000

What is FDIC Insurance?

The FDIC (Federal Deposit Insurance Corporation) protects you against losses in the unlikely event of a bank failure up to $250,000. For more information on your FDIC coverage, use the FDIC’s deposit insurance estimator.

Do I need to be a U.S. citizen to open an account?

No. In order to open an account with TotalDirectBank, you must be a U.S. Citizen or a Resident Alien. Federal Banking regulations require a valid social security number, valid driver's license, state issued ID of a U.S. issued passport for documentation.

How do I fund my account?

We have two options available for you to fund your new account:

Online funding- Complete an online transfer from your linked external account. An external account is one you own at a U.S. financial institution other than your TotalDirectBank account and that can be used to transfer funds to other banks.
Mail a check -You can mail a check made payable to yourself, or you can endorse checks made payable to you and write "For Deposit Only" on the back of the check. Please be sure to include your application number on the section labeled memo.

Please mail all checks to: