TD chequing accounts

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

We’ve highlighted the details and features of TD chequing accounts below. Keep reading to find out more information to help you decide on the right chequing account for your needs.

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 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 $0 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 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 25 free transactions per month at the right price – $0 per month.

TD U.S. Daily Interest Chequing Account

If you’re looking to store your American dollars, theTD U.S. Daily Interest Chequing Account is an option for you. You’ll receive a daily interest rate if you have more than $0 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 TD 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.

Compare student bank accounts

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.

Compare other chequing accounts

Sort by:

Name	Product	Interest Rate	Account Fee	Debit Transactions	Interac e-Transfer Transactions
Simplii No Fee Chequing Account		0.05%	$0	Unlimited	Free	Earn $200 when you become a new client and set up direct deposit of at least $100 for 3 months. Offer ends March 31, 2022.	Go to site	Compare	loading Fetching your data...
Coast Capital Free Chequing, Free Debit, and More Account		0%	$0	Unlimited	$1.50 each	Pay no monthly fee and get unlimited transactions.	Go to site More Info	Compare	loading Fetching your data...
Scotiabank Preferred Package		0%	$16.95 per month ($0 if requirements met)	unlimited	unlimited	For a limited time, earn a $300 welcome bonus and up to 0.55% interest on your MomentumPLUS Savings Account. Valid until February 28, 2022	Go to site More Info	Compare	loading Fetching your data...
Scotiabank Ultimate Package		0%	$30.95 per month ($0 if requirements met)	unlimited	unlimited	Earn up to $350 in benefits and savings. Plus, for a limited time, earn up to 0.60% on your MomentumPLUS Savings Account. Valid until February 28, 2022	Go to site More Info	Compare	loading Fetching your data...
Scotiabank Basic Plus Bank Account		0%	$11.95 per month ($0 if requirements met)	25 free per month	Free	Pay no monthly account fee by maintaining a minimum daily closing balance of $3,000 for the entire month.	Go to site More Info	Compare	loading Fetching your data...
Scotiabank Student Banking Advantage Plan		0%	$0	unlimited	unlimited	Open an account and earn $60 plus a chance to win $30,000. Terms apply. Apply by January 31, 2022.	Go to site More Info	Compare	loading Fetching your data...
Scotiabank Basic Bank Account		0%	$3.95 per month	12 free per month	Free	With a low monthly account fee, you can earn points toward the Scene+ rewards program.	Go to site More Info	Compare	loading Fetching your data...

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Frequently asked questions about TD chequing accounts

• How do I access my TD Online Banking?

  You can access your online banking by using TD’s secure portal, EasyWeb.

• How can I waive my monthly fee?

  If your account comes with a monthly fee, you can usually waive it by having a minimum amount of money in your account. That amount varies between each chequing account plan so it’s best to verify this number before you sign up.

• How do I check my monthly statement?

  There’s a couple of ways you can do this. If you’re someone who wants to visit a local TD branch, you can go there and ask the teller for a printout of your monthly statement. You can also check it online using TD’s EasyWeb portal. Lastly, you can also use the function in EasyWeb to have your statements emailed to you.

• How much money do I need to keep in my account?

  There really is no set amount of money you need to keep in your account. If there is a monthly fee, you’ll need to have enough money in your account to pay this fee. If you want to try and waive this monthly fee, you’ll have to have a specific and minimum amount of money in your account and that figure varies by each chequing account plan.

• How many times can I make a transaction per month?

  You can make a transaction as many or as few times as you want in a month. There is no cap on the number of transactions you can make. However, if you’re on a chequing plan that has a fixed number of transactions you can make per month, just know that for each subsequent transaction, after your maximum number of transactions has been reached, you’ll have to pay a fee per transaction.

• Will I be charged a fee if I withdraw money using a different bank's ATM?

  It really depends on the plan you select. For most of the TD chequing account plans, you will have to pay a fee each time you use a non-TD ATM.

  Compare bank accounts with free ATM access

• What other products does TD offer?

  TD offers a variety of different products to customers including bank accounts, mortgages, investment accounts, savings accounts and borrowing options, insurance, business solutions and financial advice.