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Chequing account

TD

TD Minimum Chequing Account

3.6/5 our rating

Open account

Opens TD's website

Monthly fee
$3.95
waivable

Overview

TD's low-cost account includes 25 transactions a month and free Interac e-Transfers, which is more than most bare-bones accounts give you. The fee is small, and some customers don't pay it at all. A good pick if you want a TD branch nearby but don't need unlimited banking.

Fees

Account fees

Monthly fee

$3.95

Fee waiver: fee waived for certain individuals1

Full waiver

eStatement

Included

ATM fees

Own network

$0

Canadian ATMs

$2

USA

$3

International

$5

Interest rates

  • All balances

    0%

Highlights

  • Low cost account with a monthly fee of $3.95 and waived for specific individuals1
  • No minimum balance requirement
  • 25 no-fee monthly transactions and unlimited transactions on public transit
  • Free Interac e-Transfers
  • $2 charge from TD for non-network ATM transactions in Canada
  • Paper statement included
  • Earn bonus stars at a rate of 0.5 for every dollar spent at participating Starbucks9

1 You pay no monthly fee if you are:

  • A recipient of the Guaranteed Income Supplement,
  • A beneficiary of a Registered Disability Savings Plan,
  • Indigenous Peoples from Canada,
  • A Newcomer to Canada (for 1st year in Canada).

2 For more information about transactions and a complete list of account fees and other service fees, see About Our Accounts and Related Services.

3 Full-serve transactions are transactions completed in a TD branch or through EasyLine Telephone banking.

4 Proof of eligibility is required: government letter confirming GIS eligibility; proof of beneficiary status on an RDSP; confirmation of membership/citizenship in an Indigenous community in Canada; or confirmation of Permanent Residency or Temporary Residency in Canada.

5 Additional Transaction Fee may also apply.

6 You may pay a fee to the ATM provider, and for foreign currency withdrawals at an ATM outside of Canada you will pay the foreign exchange related fee.

7 Cheques must be drawn on a Canadian financial institution. Cheques payable in Canadian currency must be deposited to an eligible Canadian dollar account and cheques payable in U.S. currency must be deposited to an eligible U.S. dollar account.

8 Subject to approval. All overdrafts must be paid within 89 days, are subject to an interest rate of 21% per annum (subject to change) on the overdrawn amount, and that subsequent deposits to your account will automatically be applied to pay off the overdraft. Overdraft interest rate is subject to change.

9 Visit www.td.com/starbucksoffer for more details.

10 Unlimited public transit transactions includes public transportation purchases made at most Canadian public transit agencies, including commuter transportation, boat lines and bus lines. Purchases must be made through a Point of Sale (POS) device or online.