![]() With the sweep in the facility, you wont have to worry about not having enough funds in your account for a transaction, and you wont have to deal with the embarrassment of checks bouncing. To set up a sweep account, please log into the TD App and choose Contact Us or contact TD Direct Investing at 1-80 to speak to an Investment Representative. Sweep-in Fixed Deposits combine the best of savings accounts and fixed deposits. The cash/margin account linked to the sweep account cannot be in a debit balance.A Dividend Reinvestment Program (DRIP) or recurring Electronic Funds Transfer (EFT) cannot be set up on the cash or margin account linked to the sweep account.In order for the sweep account to be active:.USD sweep accounts can only be used to transfer dividends/income to a TD Canada Trust USD account.The currency of the receiving bank account must match the currency of the sweep account.Income from mutual funds will be deposited to the cash/margin account only and cannot be automatically transferred using the sweep account.Once a sweep account is set up, the income will automatically be transferred on the 5th and 20th day of every month (or the first business day thereafter on holidays). You can link your sweep account to a TD Canada Trust bank account, or to a bank account at any financial institution in Canada by providing a void cheque or direct deposit form. Sweep accounts are only offered for TD Direct Investing cash and margin accounts. You can have your dividends and interest income automatically transferred to your bank account by setting up a sweep (income generation) account linked to your cash or margin account. We matched that to: Can my dividends and interest income automatically be deposited to my bank account?
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