V5 INC RET PS TD Bank [Meaning and What to Know]

By Jim Marous 12 Min Read

You may have noticed a mysterious transaction on your bank statement with the description “v5 inc ret ps” followed by the name of your bank “TD Bank” and wondered what it means. Well, you don’t need to be scared. This strange code usually indicates a specific issue – a check you deposited has bounced and was not successfully processed.

In this article, we’re going to break down everything you need to know about this mysterious code and how it relates to your TD Bank account. Whether you’re a seasoned banking pro or just starting out, understanding your account activity is crucial to managing your finances effectively.

So, let’s dive in to discover the meaning behind the “v5 inc ret ps td bank” error code and everything you need to know about it. Shall we?

What does V5 INC RET PS TD Bank mean?


This means that a check you deposited has been returned unpaid or the writer put a stop payment on the check.

In other words, this means that you deposited a check into your account that did not clear from the issuing bank, so the funds were deducted back out of your account in addition to a small check return fee – Basically, the “v5 inc ret ps” code signifies a fund withdrawal from your account as a small return check fee.

What does Ret signify in banks?

As mentioned earlier, this issue is related to a bounced check, which can occur due to various reasons such as:

1. Insufficient funds in the account

One of the biggest reasons for bounced checks is that the person who wrote it doesn’t have enough funds in their account. 

If this happens to you, don’t fret, you can try contacting the sender to work things out. Sadly, your bank won’t be able to work miracles and retrieve the funds for you.

2. Incorrect entries on the check

It’s surprising how such a little piece of paper, the check, can cause such a big headache when it comes to filling it out correctly. Any tiny mistake, from a misspelled name to an incorrect date, can lead to the dreaded bounce.

3. Overwriting

Checks must be perfectly written. So the slightest mistake on one means it needs to be rewritten from scratch.

Hence, it’s always better to double-check and ensure all the information is correct before filling it out.

4. The check was stopped by the issuing bank

It’s frustrating to discover that a check you’ve deposited has been canceled by the issuing bank before it could be processed. Typically, this occurs because the sender has requested it.

If you encounter a V5 INC RET PS error code, it’s important to know what to do next.

You’ll need to pay a fee for the returned check, which will be automatically deducted from your account. Once you’ve done that, you should contact the issuing bank to identify the reason for the bounced check and take corrective action accordingly.

Additionally, it’s important to note that while there are various legitimate reasons for a check to be returned, fraudulent checks are another potential issue that individuals and businesses may face.

Fraudulent checks can take many forms, including fake checks that are created using stolen account information or checks that have been altered to show a larger amount than originally agreed upon.

If you suspect that a check is fraudulent, there are steps you can take to mitigate the situation.

  1. First things first, do not attempt to cash the check.
  2. Contact the issuing bank as soon as possible to report the fraud and ask them to place a stop on the check.
  3. You should also file a police report to document the incident and protect yourself from any potential legal repercussions.

Be vigilant and proactive when it comes to fraudulent checks, as the consequences of being caught up in a fraudulent check scheme can be severe.

Why is money deducted from my account after receiving Ret Ps.?

The reason behind the deduction of funds from your account is the check that you deposited, which wasn’t cleared by the bank that issued it. This is commonly known as a bounced check, and unfortunately, it results in a small fee being withdrawn from your account.

Does TD Bank give some time even after the check deposited was not cleared?

Alright, so here’s the deal with TD Bank and their checks. They might give you a little leeway and let the check clear after you’ve deposited it, but it’s not a guarantee.

If you’re the type of person who’s always bouncing checks left and right, they might put a hold on your deposit until everything checks out.

However, if you’ve been a “good little account holder” and the amount isn’t astronomical, they might just let you have access to the funds. But keep in mind that there are always rules and regulations to follow, so it’s important to stay on top of that stuff too.

Read also: Chase Bank’s FM deposit hold fixed

Whose fault is it that my check bounced?

Determining who is responsible for a bounced check depends on the reason for the check bouncing. To get a clear understanding of the situation, it’s best to speak with TD Bank directly.

They should be able to provide you with a reason for the bounce, and if necessary, guide you on how to contact the check’s issuer for a resolution.

Can the person who gave a check be responsible for its bounce?

Sure thing! So, imagine you’re eagerly waiting for that check to clear, only to find out that something’s gone wrong. Maybe the person who wrote the check forgot to sign it, or maybe they accidentally wrote the wrong date. Or, worst case scenario, maybe they changed their mind and canceled the check altogether.

What do you do in that situation? Well, one option is to go directly to the person who wrote the check and try to sort things out. They might be able to fix the issue and get you the money you’re owed.

What to do if you are suspicious of any unauthorized transaction as you see the error code Ret Ps

It’s understandable to feel worried or concerned when faced with doubts about unauthorized transactions in your bank account. However, it’s important to remember that the likelihood of such an occurrence is very low.

Even if it does happen, there are steps you can take to address the issue and recover any lost funds. One important step is to keep track of which account the money went to, as this can help the bank’s customer service team investigate and identify the final destination of the funds.

By working closely with your bank’s support staff, you can better understand the situation and the appropriate steps to take in order to resolve any issues related to unauthorized transactions in your account.

How to contact customer support for Ret Ps in TD Bank?

If you have encountered an issue with a bounced check, it can be stressful and confusing to figure out how to resolve the situation. One option to consider is reaching out to the customer care team at your bank, such as TD Bank.

They can provide guidance on how to address the issue and may be able to offer solutions to help prevent bounced checks in the future.

You can contact TD Bank’s customer care team at 1-888-751-9000, which is available 24/7 to answer any questions you may have about bounced checks or other account-related concerns.

Remember, don’t hesitate to reach out for help if you’re dealing with a bounced check issue, as banks are there to support and assist you in resolving the matter as quickly and effectively as possible. For other TD bank issues, use the help center to resolve them.

Read also: use direct bank payment on these online stores


What does PS mean on bank statement?

The abbreviation “PS” on a bank statement typically stands for “postscript.” It is often used to indicate additional information or a footnote related to a specific transaction on the statement. In some cases, it may also be used to denote a late fee or other charges associated with a particular transaction. However, the precise meaning of “PS” can vary depending on the bank and the context in which it appears on the statement.

What is a V5 Inc charge?

That means a check you deposited has bounced, and it couldn’t be processed. Basically, the person who wrote the check didn’t have enough funds to cover it. This code is specific to TD Bank customers, so if you’re one of them, keep an eye out for it.

What time do checks clear at TD Bank?

Two business days- That’s the average amount of time it takes before the money you deposited into your checking account is cleared and available to you.

Final thoughts

The “V5 INC RET PS TD bank” is a code that you may encounter in your bank statement if you have deposited a check that bounced. It basically signifies a fund withdrawal from your account as a small return check fee.

Bouncing checks can be a headache for anyone, but it’s important to understand why it happens and what you can do about it.

So, if you’re ever in doubt about a bounced check or a mysterious withdrawal from your account, don’t hesitate to reach out to your bank’s customer service. They’re there to help you sort out any issues and get your finances back on track.

In the meantime, keep an eye on your account balance and make sure to only deposit checks from reliable sources. Remember, a little bit of caution can go a long way when it comes to your hard-earned money.

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Jim Marous is a Top 5 Retail Banking Influencer, Global Speaker, Podcast Host and Co-Publisher at The Financial Brand. I am a co-author here at Finance and Pay, writing on a lot of topics regarding payments, banking software, cards, and investing.
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