TD chequing accounts
From minimal to premium banking benefits, users of TD chequing accounts can take advantage of a number of perks.
TD Canada Trust is one of the premier banks in Canada and with hundreds of locations scattered across Canada, you’re never far from its services. A big component of services it provides includes everyday banking through a personal chequing account. Whether you’re looking for a student chequing account or the more exclusive, all-inclusive chequing account, there really is an option for everyone at TD.
Check out our guide to learn about all the different chequing accounts TD Canada Trust offers, including the features and benefits of each. Find out how to apply for the chequing account that is right for you and stick around to read some of the most frequently asked questions about these chequing accounts.
Compare TD chequing accounts
TD All-Inclusive Banking Plan
Sign up for this TD chequing account and receive premium banking benefits including saving annual fees on select TD credit cards, unlimited transactions per month, no foreign ATM fees, a complimentary safety deposit box and personalized cheques. However, there is a high monthly fee of $29.95.
TD Unlimited Chequing Account
With this unlimited plan, you get unlimited transactions per month. Manage your money easily while on the go with the TD app and request and send money with Interac e-Transfer, without incurring fees. A monthly fee of $16.95 applies, but you can maintain a minimum balance of $4,000 to waive it.
TD Every Day Chequing Account
The TD Every Day Chequing Account is your more budget-friendly everyday banking solution. This option is great if you won’t make more than 25 banking transactions per month and can keep the minimum balance of $3,000 needed to cancel out the monthly fee of $10.95.
TD Minimum Chequing Account
With a low monthly fee of $3.95 (or no fee for students and seniors) and $2,000 in the bank needed to avoid paying it, the TD Minimum Chequing Account is a worthwhile choice for people who make less than 12 banking transactions per month and just need a chequing account to keep their money in.
TD Student Chequing Account
The TD Student Chequing Account is a fantastic option for full-time post-secondary students that are working towards completing their education and are about to enter the workforce. This plan enables them to make a generous amount of monthly transactions without incurring monthly fees or meet pre-requisites to waive monthly fees.
TD U.S. Dollar Daily Interest Chequing Account
If you’re looking to store your American dollars, theTD U.S. Dollar Daily Interest Chequing Account is an option for you. You’ll receive a daily interest rate if you have more than $1,000 in your account. You can easily transfer funds between your American and Canadian TD accounts and each transaction will incur a fee of US$1.25.
Types of TD chequing accounts available
TD offers a multitude of chequing account options for its customers. While each customer might be at different stages in their lives, TD does a great job of acknowledging this and offering choices for everyone. Here are some of them.
- Minimum monthly balance. TD offers customers the ability to waive their monthly fee by maintaining a specific minimum balance in their chequing account. The minimum amount varies by each chequing account plan.
- Transactions per month. Whether you’re banking once every month or every day, TD offers a variety of options with chequing account plans that give you flexibility to make a transaction as often as you feel like. Some plans have a fixed amount of transactions per month while others offer unlimited transactions.
- No monthly fee. Whether you’re a student or someone who transacts frequently in American dollars, TD offers chequing accounts that have no monthly fee and do not require a minimum balance.
- No ATM fees. In a few of its chequing account plans, TD will waive ATM fees either (or both) in Canada or in a foreign country.
- Quick exchange. If you frequently deal with both Canadian and American money, TD offers expedited conversion services through a chequing account plan. However, you will have to pay a nominal fee on the amount in your account.
- Fee rebate. Receive a rebate on the annual fees of select TD credit cards.
- Fraud alerts. For customers who sign up for one of TD’s more well-regarded chequing account plans, you will be able to receive immediate notification in the event of suspicious transactions taking place with your account.
The benefits of banking with TD
Like most big banks, you can expect a high level of customer service with TD Canada Trust and a number of benefits including:
- TD Internet and mobile banking. If you have a TD chequing account, you can access your account online through its online portal, TD EasyWeb. You can also download the TD mobile app and access your chequing account via your smartphone. This enables you to manage your account, pay bills, send money transfers domestically and overseas, or apply for another TD product at any time, either online or via the app.
- Pre-authorized payments. TD allows you to set up pre-approved payments so that you don’t forget to pay those monthly or yearly payments.
- Online statements. If you want to know what’s going on with your account, you can have your chequing account’s online statements sent directly to your email inbox.
- Free e-Transfer. With the exception of the Minimum Chequing Account, every other TD chequing account plan will not charge you for sending or receiving money via e-Transfer.
How to open a TD chequing account
Before you get started on your application, you should make sure that you meet the eligibility requirements for the specific chequing account that you are interested in. Furthermore, have the necessary documents on hand so that you can correctly fill out the application form. Eligibility requirements might vary between chequing account plans but generally include the following:
- Age. You should be the age of majority in your province or territory of residence.
- Student proof. If you’re trying to open a TD Student Chequing Account, you’ll need to provide proof that you are a full-time post-secondary student.
Information you will need for your application
After checking that you are eligible for the chequing account you want, you will need to gather the following information in order to proceed with the application process:
- Personal information. You’ll need to provide your personal information such as your address and your contact information. You’ll also need to verify your identity by providing an accepted form of identification, such as your driver’s licence number or passport.
Frequently asked questions about TD chequing accounts
Read more on this topic
Scotiabank Basic Plus Bank Account Pay a low monthly fee to take advantage of value-added features with this no-frills account.
Scotiabank Student Banking Advantage Plan review Earn a great mix of rewards and benefits with this premium student bank account from Scotiabank.
Scotiabank Preferred Package review Take advantage of Scotiabank’s most popular account features and get special access to exclusive rates and rewards.
How to budget for a house Find out about how to budget for one of the largest and most exciting purchases of your life. Discover what expenses to look out for and learn some saving tips.
Learn about overdraft fees It can be easy to let your account balance drop. Learn how overdraft protection works and the pros and cons of opting in.
Compare interest-earning chequing accounts Earn a little interest without limiting your transactions. But don't expect it to replace your high-interest savings account.
Compare online chequing accounts Find out how they work and what to look for in an account. Weigh the pros and cons of banking online and consider the conveniences and risks.
HSBC chequing accounts HSBC offers Canadians a wide selection of chequing accounts to suit every need.
CIBC chequing accounts Discover the range of CIBC chequing account options for most financial situations, lifestyles and everyday banking needs.
BMO chequing accounts Learn about the features and benefits of all 5 BMO chequing accounts in our guide.