Best TD Chequing Accounts In Canada For May 2024

For Canadians planning to spend time in the U.S., TD offers a “premium account for frequent U.S. travellers.” It provides Canadians a USD account with low monthly fees and unlimited transactions per month. Account holders are entitled premium foreign exchange rates on U.S. dollars up to $25,000 USD—and competitive rates for 50 other countries.

TD customers utilizing the All-Inclusive Banking Plan can expect to pay a modest monthly fee of $1.95 USD per month—or have the fee rebated with a large enough balance.

• $39 annual U.S. Dollar Visa Credit Card fee rebated if the primary cardholder also holds a TD Borderless Plan.
• No ATM or point of sale access
• Easily transfer funds to U.S.-based TD chequing accounts via EasyWeb Online.
• Ability to have monthly fee rebated with a $3,000 USD balance.
• Deposits covered by CDIC insurance.

The TD Every Day Chequing Account is TD’s budget-friendly option. It offers a $10.95 minimal monthly fee, and then lowers it to $8.95 for account holders 60 and over. Plus, the monthly fee can be rebated if the account holds a balance of $3,000 or more.

Those with this account can easily manage their bills and payments with up to 25 free transactions per month, and unlimited e-Transfers. Any transactions over that threshold cost $1.25.

• Free Interac e-Transfers
• $10.95 monthly fee
• $2.00 monthly statement fee.
• $8.95 monthly fee for seniors.
• Access to TD’s highly-rated banking app.
• Additional accounts features such as the EasyWeb View Cheque service where you can print or save images of your paid cheques the day they clear through your account.
• Account holders can earn additional Starbucks rewards by linking their TD Access Card with Visa Debit to their
• Starbucks Rewards account.

Chequing accounts are all about flexibility, and the TD Unlimited Chequing Account is about as flexible as they come. Account holders have access to unlimited transactions, free Interac e-Transfers and no fees from TD for any ATM in Canada.

Though its monthly fee of $16.95 is on par with the majority of the Big Six banks in Canada, TD’s account fee can be rebated with an account balance of $4,000 or more.

Additionally, account holders can have their TD credit card annual fees rebated (up to $139) on five select TD credit cards—if they are a new TD credit card holder.

• $16.95 monthly fee
• $11.95 monthly fee for seniors 60 or older.
• $3 foreign ATM fee in the U.S. or Mexico
• $5 foreign ATM fee in any other foreign country
• $2 monthly paper statement fee
• Easily track your money through the TD app, EasyWeb or TD MySpend app.
• Earn additional Starbucks rewards by linking an eligible TD Access card with your Starbucks Rewards account.
• Access to higher security through TD Fraud Alerts.

As with all the accounts on this list, the TD Student Chequing Account includes unlimited transactions, including Interac e-Transfers, for no monthly fee. You can also get overdraft protection for no monthly fee.

TD has sweetened the deal with an offer of $100 cash when you open an account by May 6, 2024 and perform three qualifying transactions by August 5, 2024.

Even if you’re not enrolled in post-secondary education, you can take advantage of TD’s Student Chequing Account as long as you’re under 23. After your birthday, you can continue to use the account as long as you can show proof of enrollment.

• Available to Canadians under age 23, and full-time post-secondary students in Canada.
• Earn 0.01% interest on all deposits.
• Open a new account by May 31st 2023 and perform at least three qualifying transactions to earn a $100 Amazon.ca gift card. Additionally set up a recurring direct deposit by August 31st, 2023 to earn 500 Starbucks Stars.
• Unlimited transactions
• No monthly fee
• Unlimited Interac e-Transfers
• Free access to over 2,500 TD ATMs.
• Earn 50% more Starbucks Stars when you link your TD card with your Starbucks Rewards account.
• No additional fee for transfers to/from other banks.
• The Visa debit card can be used online.
• Compatible with Apple Pay and Google Pay.
• Mobile cheque deposit is available.
• Overdraft protection available on approved credit.
• Cheques are available for a fee.
• Deposits are eligible for CDIC deposit insurance.

The TD U.S. Daily Interest Chequing Account could be for you if you spend time in the U.S. and want to be able to access TD branches on both sides of the border. This combined with the ability to transfer between your accounts, in addition to a dedicated support line for cross-border banking, makes the T.D. U.S. Daily Interest Chequing Account the most comprehensive choice on our list.

• No monthly maintenance fee
• No transaction fees (for ABM withdrawals, cheques, bill payments, purchases using your debit card and pre-authorized payments) with a minimum balance of $1,500. Otherwise, transactions are $1.25 each.
• Earn 0.1% interest on deposits
• TD has a bank presence in both Canada and the U.S.
• Free online statements
• Can transfer between this and other TD accounts
• Other services:
  • With their Borderless plan, you can conduct banking transactions in the U.S.
  • U.S. dollar credit card
• Anyone living or working in Canada can open an account.