A Guide to TD Canada Trust Chequing Accounts

Craig Sebastiano
by Craig Sebastiano April 13, 2017 / No Comments

Choosing a chequing account can be a difficult task when you have a variety of banks and accounts to choose from. If you’re considering opening an account with TD Canada Trust, there are a few options.

Here’s an overview of the accounts offered by the bank along with the associated fees and features:

Minimum Every Day Unlimited All-Inclusive
Monthly fee $3.95 $10.95 $14.95 $29.95
Minimum monthly balance required to waive fee $2,000 $3,000 $4,000 $5,000
Student rebate (must be enrolled in post-secondary institution) 100% off 100% off None None
Senior rebate (60 and older) Fee waived if you receive Guaranteed Income Supplement 25% off 25% off 25% off
Interest rate 0% 0% 0% 0%
No. of free transactions per month 12 free debit transactions 25 Unlimited Unlimited
Cost of additional transactions $1.25 $1.25 None None
Non-TD ATM fees $2 $2 $2 None
ATM fees inside U.S. and Mexico (excluding TD Bank) $3 $3 $3 None
ATM fees outside U.S. and Mexico $5 $5 $5 None
EasyView View Cheque service Free Free Free Free
Paperless/online statements Free Free Free Free
Interac e-Transfer fee $0.50 for under $100; $1 for above $100 $0.50 for under $100; $1 for above $100 $0.50 for under $100; $1 for above $100 None
Credit card discount None None $20 off the first year of one of five TD credit cards Annual fee rebate for one of five TD credit cards

With the Limited plan, you’ll receive $20 off the annual fee of one of five TD rewards credit cards: TD Aeroplan Visa Infinite ($120 annual fee), TD Aeroplan Visa Platinum ($89 annual fee), TD First Class Travel Visa Infinite ($120 annual fee), TD Platinum Travel Visa ($99 annual fee), or the TD Gold Elite Visa ($99 annual fee). With the All-Inclusive plan, you’ll receive an annual fee rebate for one of those five same cards.

The All-Inclusive plan also has a number of free products and services, including a small safety deposit box, certified cheques and money orders, Canadian and U.S. dollar drafts, and Canadian and U.S. traveler cheques.

The bottom line

TD offers a wide variety of chequing accounts with various features. But if you want more features, the fees are higher. Although you can get these fees waived if you have a minimum monthly balance, you won’t earn any interest on your money.

You may be better off getting a no-fee chequing account from a digital bank and putting the money you would have needed to waive the monthly fee into a high-interest savings account. Check out our chequing account comparison tool to find the right account for you.

Looking for a chequing account?

Check out our chequing account comparison tool

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