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:
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.