TD Unlimited Chequing Account review

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• Think about this account if you want unlimited transactions and e-Transfers as well as a generous welcome bonus.

• Choose something else if you don’t want to pay a monthly account fee (regardless of your balance) or you would like to earn interest on the balance in your account.

What are the benefits of the TD Unlimited Chequing Account?

The TD Unlimited Chequing Account offers a number of benefits for a mid-level fee. These include the following:

• Welcome bonus. Get up to $700 when you open a TD Unlimited Chequing Account. Terms and conditions apply. Offer ends Novemeber 5, 2025. Earn $450 when you open this account and complete two of following by January 9, 2026: Set up a recurring Direct Deposit, set up a recurring Pre-Authorized Debit Payment or make an Online Bill Payment.
  Earn $50 when you open a new eligible Savings Account and automate your savings
  Plus, earn $200+ when you open and deposit into a new eligible Savings Account
• Unlimited free transactions. Use your account to fulfill all of your banking needs for no extra costs.
• Monthly fee can be waived. Qualify for a fee rebate for every month that you keep a minimum $4,000 balance in your account. If you’re 60 years of age or older, you’ll get a $5 monthly rebate.
• No fees for Interac e-Transfers. Send money to family and friends in Canada at no extra cost with fee-free Interac e-Transfers.
• Free non-TD ATM usage in Canada. Pay $0 for domestic ATM usage within and outside of TD’s network. (But ATM providers may charge fees, and foreign exchange charges may apply for non-CAD transactions).
• First-year credit card fee waiver. Save up to $139 on your first annual fee for an eligible premium TD credit card.

What should I watch out for?

There are a couple of drawbacks you might want to consider before signing up for this account:

• High monthly fee. You’ll have to pay a monthly fee of $16.95 per month unless you keep a minimum balance of $4,000 at all times or you qualify for the partial discount for seniors.
• No interest on savings. You won’t earn interest on the money you hold in your account.
• Limited extra perks. You won’t get extras with this account such as free cheques, money orders or a free safety deposit box.
• Fee for paper statements. You’ll have to pay $2 for every month that you request a paper statement instead of an electronic statement.

TD Unlimited Chequing Account‘s monthly account fee

This account comes with a fee of $16.95 per month, though you can maintain a $4,000 minimum balance to receive a monthly fee rebate. If you don’t qualify for a fee waiver, you’ll end up paying $203.40 per year for this account, which is a significant amount to pay for banking. Note that seniors aged 60 or older will get a $5 monthly fee rebate regardless of their balance.

What other chequing account options does TD offer?

Beyond the TD Unlimited Chequing Account, TD offers a number of other chequing accounts options, depending on how much you want to spend per month and which features you’re looking for:

• TD Minimum Chequing Account. This is TD’s most bare-bones account so it’s best for customers with simple banking needs. You’ll pay a monthly fee of $3.95 with this account (or for free if you fit into a certain demographic). In return, you’ll get 12 free transactions per month and some basic banking benefits.
• TD Every Day Chequing Account. The TD Every Day Chequing Account is a mid-range account that gives you 25 free transactions for a fee of $10.95 per month. You can also qualify for a fee waiver if you keep at least $3,000 in your account at all times. This account comes with relatively few other benefits.
• TD All-Inclusive Banking Plan. This is the most expensive account that TD offers. It comes with unlimited free transactions, a premium credit card rebate, a free small safety deposit box and free ATM withdrawals both domestically and internationally. It costs $29.95 per month to maintain, with a fee waiver if you keep over $5,000 in your account at all times.

How does this account compare to alternatives?

While there are many comparable accounts on the Canadian landscape, the best alternative is the BMO Performance Chequing Account. It is the highest-rated Big Five Bank chequing account on our list of the best chequing accounts in Canada. Besides offering top features, widespread ATM access and unlimited transactions, for a limited time when you sign up for the BMO Performance Chequing Account through Finder, you'll get an exclusive offer.

8.7 Great

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BMO Performance Chequing Account

Earn $750
Bonus Offer

$17.95
Monthly Account Fee

unlimited
Free Transactions

• Info
• More Details

Get a $150 digital Visa card from Finder when you become a Finder Member and open a BMO Performance Chequing Account through Finder. T&Cs apply.

The BMO Performance Chequing Account offers unlimited free transactions and e-Transfers, and a generous welcome bonus.

Get up to a $700 cash bonus plus a $50 Walmart Canada eGift Card. Valid until September 30, 2025. Plus, earn a 4.75% promo interest rate when you open a Performance Chequing and a Savings Amplifier Account.

Plus, get more when you sign up through Finder. Exclusive offer: Become a Finder member and receive a $150 digital Visa card from Finder when you open a BMO Performance Chequing Account through Finder. Offer ends July 31, 2025. T&Cs apply.

Min. Age	18
Min. Age Teen Account	13
Account Fee	$17.95
Youth Account Fee	$0
# of Accounts Included	20
Overdraft Fee	$5
ATM Out-of-Network Fee	$2
U.S. ATM Fee	$5
International ATM Fee	$5

How do I open a TD Unlimited Chequing Account?

If you want to open up a TD Unlimited Chequing Account, here are some important factors to keep in mind.

Eligibility requirements

To apply for a TD Unlimited Chequing Account, you need to meet the following criteria:

• Be a Canadian citizen or permanent resident
• Be at least the age of majority in your province or territory
• Provide a valid email address that is not shared with anyone else

Required information

You’ll likely need to provide the following information to apply for a TD Unlimited Chequing Account:

• Your name, residential status and contact information
• Your Social Insurance Number and date of birth
• Your email address and phone number

How do I deposit or withdraw my money?

The TD Unlimited Chequing Account lets you make withdrawals and deposits just like any other bank account. In particular, you can withdraw and deposit money using an ATM or by visiting a branch. You can also set up automated withdrawals and deposits into your account to pay bills or build up your savings.

You’ll also be able to manage all of your transactions on the go with the TD mobile app. You can use this app to transfer money between your TD accounts. You can also send and accept Interac e-Transfers as well as transfer money to and from external bank accounts using your mobile phone or online banking.