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A Guide to TD Canada Trust Chequing Accounts

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:

MinimumEvery DayUnlimitedAll-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% off100% offNoneNone
Senior rebate (60 and older)Fee waived if you receive Guaranteed Income Supplement25% off25% off25% off
Interest rate0%0%0%0%
No. of free transactions per month12 free debit transactions25UnlimitedUnlimited
Cost of additional transactions$1.25$1.25NoneNone
Non-TD ATM fees$2$2$2None
ATM fees inside U.S. and Mexico (excluding TD Bank)$3$3$3None
ATM fees outside U.S. and Mexico$5$5$5None
EasyView View Cheque serviceFreeFreeFreeFree
Paperless/online statementsFreeFreeFreeFree
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 $100None
Credit card discountNoneNone$20 off the first year of one of five TD credit cardsAnnual 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 ($139 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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