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PC Financial® vs Toronto-Dominion Bank (TD)
A side-by-side comparison of ratings, customer experience, products, fees, and pros & cons to help you choose the right bank.
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Toronto-Dominion Bank (TD) edges ahead on our overall rating (4.3 vs 3.8), but the right pick depends on which products and fees matter most to you.
Overview
PC Financial offers banking services from President’s Choice Bank, which is a Schedule I, federally regulated bank in Canada. Given this setup, the banking products at PC Financial have coverage of up to $100,000 from the Canadian Deposit Insurance Corporation (CDIC). EQB, parent of EQ Bank, acquired PC Financial in July 2026. Prior to this, the bank was a subsidiary of Loblaws.
PC Financial has a smaller offering than many other Canadian banks. It has only one main account that operates as a no-monthly-fee chequing account with the ability to add on a savings feature, giving you the best of both worlds. Its interest rate applies to all balances in the savings side of the account and is quite competitive considering there is no minimum balance.
The bank also has just a few Mastercard credit cards, with no Visa or American Express options. Lines of credit and mortgages are also not available. It lacks in business banking and insurance products as well, making it a better choice for those who don’t need a full-service banking relationship.
Toronto Dominion, known as TD, delivers a strong all-around banking experience through a broad product lineup and extensive branch networks including 1,100 branches throughout the United States. The bank boasts consistency across many categories with few major weaknesses.
Offering a range of banking products, TD has accounts for Canadian newcomers, youth, students, and even international students. It provides banking starting at a cost of $0 for specific groups up to an “All-Inclusive Banking Plan” with premium features and a much higher price tag. Fee waivers are available for those who maintain a certain balance in their account. Long-term savings rates may be less competitive than online banks and fintechs though.
TD has a smaller credit card offering in comparison to some of the other biggest banks in Canada. It does, however, have some strong products, including the TD® Aeroplan® Visa Infinite Card, which FinlyWealth ranks as the best overall Aeroplan credit card.
With a broad lending offering, TD receives recognition for its Canada-US cross-border services as well as various lending products. Its mortgage and lending breadth is amongst the strongest in Canada, though the bank doesn’t always have the lowest rates.
Top chequing accounts
Top savings account
PC Financial® has no savings account listed.
TD Growth™ Savings Account
TD Growth™ Savings Account
2.6 Our rating
OPEN ACCOUNT
on TD's website
Welcome Bonus
Earn the Boosted Rate on eligible accounts with balances over $5,000
Regular Interest
Up to 1.5%
Monthly Fee
$0
Earn a Boosted Savings Rate for eligible accounts with balances over $5,0001
- Earn a Boosted savings rate for eligible accounts with balances over $5,0001
- Interest a higher rate of interest the more you save
- No monthly account fee
- Unlimited transfers to your TD deposit accounts ($5 charge for other transactions)
Top credit card
All products offered
5 products
Chequing
PC Money™ Account