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.
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 fee's|
To login to your account, click on the ‘Login’ button on the top right hand corner of the homepage. You will be asked to enter the username and password you created at the time of registration.If you are having issues with username or password, click on the ‘I can’t access my account’ link located underneath the login button. You will be prompted to enter your telephone number that you provided at the time of registration, and your username. We will then send you a temporary password for you to login.
- You can open a separate CD (minimum is $25,000)
- At the time of renewal, you can add funds to the principal balance.
What are state restrictions?
Not all products are available in all states. Each state has its own set of laws 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.