How to Cancel Pre-Authorized Payment on Your TD Credit Card
Managing your finances effectively involves keeping a close eye on your credit card transactions. One common scenario that may arise is the need to cancel a pre-authorized payment. If you have a TD credit card and want to cancel a pre-authorized payment, follow these steps to ensure a smooth process.
Step 1: Review Your Account
The first step in canceling a pre-authorized payment is to review your TD credit card account. Log in to your TD online banking or mobile banking app to access your account details. Look for the transactions section, where you can view all your recent transactions, including pre-authorized payments.
Step 2: Identify the Pre-Authorized Payment
Once you have accessed your account, locate the pre-authorized payment you wish to cancel. It should be listed as a recurring transaction, and you will find the merchant’s name and the amount charged. Make a note of these details, as you will need them for the next steps.
Step 3: Contact the Merchant
Before proceeding with canceling the pre-authorized payment through TD, it is essential to contact the merchant directly. Reach out to them via phone, email, or through their customer service channel. Inform them that you wish to cancel the pre-authorized payment and provide them with the necessary details, such as your account number and the payment amount.
Step 4: Cancel the Payment with TD
After notifying the merchant, log in to your TD online banking or mobile banking app. Navigate to the transactions section and locate the pre-authorized payment you wish to cancel. Click on the payment and select the option to cancel or void the transaction. Follow the prompts to complete the cancellation process.
Step 5: Verify the Cancellation
Once you have canceled the pre-authorized payment, it is crucial to verify that the cancellation has been processed successfully. Log in to your TD credit card account again and check the transactions section to ensure that the payment has been removed from your upcoming transactions.
Step 6: Monitor Your Account
After canceling the pre-authorized payment, keep a close eye on your TD credit card account for any unusual activity. Monitor your monthly statements and ensure that the canceled payment does not reappear. If you notice any discrepancies, contact TD customer service immediately.
By following these steps, you can successfully cancel a pre-authorized payment on your TD credit card. Remember to keep a record of all communications with the merchant and TD, as well as any confirmations of the cancellation. This will help you maintain a clear and organized financial record.
