TD Banknorth deliberately changed their systems to cash in on overdraft fees. Customers were used to a system that would not allow debits to go through unless there was actual funds in the account, now they have set their system to delay deposits and accelerate debits so that they can assess over draft fees, $35 per incident to be exact. This is a deliberate white collar scheme typical of the banking industry to increase revenues by either using mafia style fees for overdrafts or, ensuring that you keep a sufficient balance in your account so that they can lend your money to someone else and charge interest. The bottom line, America's most convenient bank hooked us all in, made their balance sheet look attractive and then sold out to TD Banknorth for huge profits, with a blatant disregard for the very customers that made it all possible. Just another story of American greed at the little guys expense. Here is a link to an article written by an actual employee of the bank confirming my statement. Http://consumerist.com/5372728/inside-the-td-bank-meltdown
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