The Beginner’s Guide to TD

TD is 1 of Canada’s largest and astir fashionable banks, offering a scope of products and services done in-person and online banking.

In this guide, we supply an overview of TD’s slope relationship and recognition paper portfolio, with links to much in-depth articles connected circumstantial products and different cardinal information.

A Brief History of TD

Toronto Dominion (TD) Bank was created connected February 1, 1955, arsenic an amalgamation of The Bank of Toronto and The Dominion Bank.

Over the past 7 decades, TD has continued to turn successful some size and successful the diverseness of its offerings.

Beginning with 499 branches astatine the clip of amalgamation, TD present has implicit 2,200 branches and is presently the 2nd largest slope successful Canada and the tenth largest slope successful the US.

Key Dates successful TD History:

• 1855 – The Bank of Toronto was founded
• 1871 – The Dominion Bank opened its archetypal branch
• 1955 – TD was created done the amalgamation of The Bank of Toronto and The Dominion Bank
• 2000 – TD purchases Canada Trust, expanding its marketplace stock successful Canada
• 2005 – TD acquires Banknorth, marking its large entranceway into US retail banking
• 2011 – TD acquires MBNA Canada’s recognition paper business

Chequing and Savings Accounts

TD has 4 idiosyncratic chequing accounts and 3 idiosyncratic savings accounts, which we’ll spell implicit successful this section.

When considering which benignant of relationship to open, it’s important to deliberation astir your banking priorities and preferences, and however you thin to usage and entree your account.

TD besides often has promotional offers erstwhile you motion up for a circumstantial relationship oregon aggregate accounts unneurotic that tin garner you a currency bonus, higher involvement rates connected savings, and different perks (e.g., merchandise).

Chequing Accounts

Chequing accounts are the champion day-to-day relationship arsenic they thin to connection much monthly transactions and little fees compared to savings accounts. Plus, they often travel with perks specified arsenic escaped Interac e-transfers and rebates connected recognition paper yearly fees.

To larn more, let’s instrumentality a look the cardinal characteristics of each of TD’s idiosyncratic chequing accounts from the simplest to the astir comprehensive:

TD Minimum Chequing Account

• Monthly fee: $3.95 (all figures successful CAD)
• Included transactions: 12 (additional transactions = $1.25/each)
• Interac e-transfers: $0.50/each (for transactions up to $100) and $1/each (for transactions supra $100)
• ATM fees: $2 for non-TD ATMs successful Canada, $3 for overseas ATMs successful the US and Mexico, and $5 for overseas ATMs successful immoderate different country
• Fee waivers: Fees waived for seniors receiving the Guaranteed Income Supplement (GIS) and for Registered Disability Savings Plan beneficiaries
• Best for: Individuals with minimal banking needs

TD Every Day Chequing Account

• Monthly fee: $10.95 (waived if a $3,000 relationship equilibrium is maintained)
• Included transactions: 25 (additional transactions = $1.25/each)
• Interac e-transfers: Free
• ATM fees: $2 for non-TD ATMs successful Canada, $3 for overseas ATMs successful the US and Mexico, and $5 for overseas ATMs successful immoderate different country
• Fee waivers: None
• Best for: Individuals who marque less than 25 transactions per month

TD Unlimited Chequing Account

• Monthly fee: $16.95 (waived if a $4,000 relationship equilibrium is maintained)
• Included transactions: Unlimited
• Interac e-transfers: Free
• ATM fees: $0 for each ATMs successful Canada, $3 for overseas ATMs successful the US and Mexico, and $5 for overseas ATMs successful immoderate different country
• Fee waivers: First twelvemonth yearly interest rebate for an eligible TD recognition card
• Best for: Individuals who privation the state of unlimited transactions and who tin instrumentality vantage of the recognition paper interest rebate

TD All-Inclusive Banking Plan

• Monthly fee: $29.95 (waived if a $5,000 relationship equilibrium is maintained); $22.45 for seniors implicit the property of 60
• Included transactions: Unlimited
• Interac e-transfers: Free
• ATM fees: $0 for each ATMs globally
• Fee waivers: Yearly yearly interest rebate for an eligible TD recognition card
• Additional features: A tiny information deposit container (subject to availability) and escaped personalized cheques
• Best For: Individuals who often usage non-TD ATMs and those who tin instrumentality vantage of the yearly recognition paper interest rebate and the further merchandise perks

Savings Accounts

TD besides offers 3 savings accounts for clients looking to physique their savings portion inactive having casual entree to their funds.

Let’s research these 3 accounts and what makes each 1 unique.

TD Every Day Savings Account

• Monthly fee: $0
• Annual involvement rate: 0.010%
• Included transactions: One (additional transactions = $3/each)
• Transfers: Free to different TD deposit accounts
• ATM fees: $2 for non-TD ATMs successful Canada, $3 for overseas ATMs successful the US and Mexico, and $5 for overseas ATMs successful immoderate different country
• Best For: Individuals looking for a elemental spot to commencement saving

TD High Interest Savings Account

• Monthly fee: $0
• Annual involvement rate: 0.050% erstwhile relationship equilibrium is $5,000 oregon higher; 0% erstwhile relationship equilibrium is beneath $5,000
• Included transactions: Zero (transactions = $5/each, which is waived if a $25,000 relationship equilibrium is maintained)
• Transfers: Free to different TD deposit accounts
• ATM fees: $2 for non-TD ATMs successful Canada, $3 for overseas ATMs successful the US and Mexico, and $5 for overseas ATMs successful immoderate different country
• Best for: Individuals looking for an easy-to-access savings account

TD ePremium Savings Account

• Monthly fee: $0
• Annual involvement rate: 1.85% erstwhile relationship equilibrium is $10,000 oregon higher; 0% erstwhile relationship equilibrium is beneath $10,000
• Included transactions: Zero (transactions = $5/each)
• Transfers: Free to different TD deposit accounts
• ATM fees: $2 for non-TD ATMs successful Canada, $3 for overseas ATMs successful the US and Mexico, and $5 for overseas ATMs successful immoderate different country
• Best For: Individuals who tin support an relationship equilibrium of $10,000 oregon higher

Additionally, for individuals who person recently immigrated to Canada, TD has created a peculiar connection called the TD New to Canada Banking Package.

This connection provides a assortment of antithetic fiscal incentives erstwhile you unfastened circumstantial chequing and savings accounts, positive further rewards-based incentives erstwhile you sign-up for a circumstantial recognition card.

Student Bank Accounts

TD offers 1 relationship specifically for younker (under the property of 23) and students (of immoderate age) who are enrolled successful full-time post-secondary education: the TD Student Chequing Account.

TD Student Chequing Account

• Monthly fee: $0
• Included transactions: Unlimited
• Interac e-transfers: Free
• ATM fees: $2 for non-TD ATMs successful Canada, $3 for overseas ATMs successful the US and Mexico, and $5 for overseas ATMs successful immoderate different country
• Fee waivers: None
• Best for: Individuals who are nether the property of 23 oregon who are enrolled successful a full-time post-secondary program

Additionally, TD has created a peculiar connection for young students who are caller to Canada: the International Student Banking Package.

This bundle combines the TD Student Chequing Account, the TD Rewards Visa* Card, and the TD Every Day Savings Account and provides further worth to eligible relationship holders done Amazon acquisition cards and currency bonuses.

For caller students looking to get started successful Canada, this bundle provides some indispensable products and fantabulous added value.

US Dollar Accounts

TD has 2 US dollar accounts available: the US Daily Interest Chequing Account and the Borderless Account.

These accounts are perfect for radical who person banking needs successful some Canada and the US arsenic they let you to easy speech funds betwixt the 2 countries astatine a competitory rate.

The US Daily Interest Chequing Account has nary monthly fee, making it an fantabulous relationship if you find yourself occasionally successful request of banking entree successful the US.

Comparatively, the Borderless Account has a monthly interest of $4.95 (USD) which is waived if the relationship equilibrium is $3,000 (USD).

This relationship enjoys a preferred speech complaint and provides relationship holders with escaped US slope drafts and basal cheques. These features marque it perfect for predominant travellers to the US.

TD Credit Cards

TD offers its clients a scope of idiosyncratic recognition cards that supply the accidental to gain currency back, Aeroplan points, and TD Rewards Points.

Cash Back Credit Cards

TD offers 2 currency backmost recognition cards: the TD Cash Back Visa Infinite* Card and the TD Cash Back Visa* Card.

These recognition cards are perfect for radical who similar the simplicity of currency backmost rewards, which tin beryllium utilized to wage down your relationship astatine immoderate clip with a minimum of $25.

For an entry-level card, the TD Cash Back Visa* Card has nary yearly interest and earns 1% currency backmost connected eligible grocery, gas, and recurring measure payments.†

Comparatively, the TD Cash Back Visa Infinite* has an yearly interest of $139 but offers 3% currency backmost connected eligible grocery, gas, and recurring measure payments.†

We’ve created idiosyncratic in-depth guides to some of these currency backmost recognition cards, wherever you tin find up-to-date offers and enrollment accusation – conscionable click supra to larn more.

Aeroplan Co-Branded Credit Cards

For individuals looking to gain points with Canada’s astir fashionable and almighty hose loyalty program, TD offers 3 idiosyncratic recognition cards that gain Aeroplan points connected mundane spending.

The 3 cards are: the TD Aeroplan Visa Platinum* Card, TD Aeroplan Visa Infinite* Card, and the TD Aeroplan Visa Infinite Privilege* Card.

These cards are large choices for Aeroplan members looking to physique up their points relationship equilibrium to entree grant flights, arsenic each paper comes with a invited bonus and earns Aeroplan points connected mundane spend.

The entry-level subordinate of the TD Aeroplan co-branded paper household is the TD Aeroplan Visa Platinum* Card. This paper often features a generous invited bonus and comes with a fewer Air Canada perks.

This is simply a large paper to see if you person a much humble income oregon privation to support costs down portion inactive earning points towards travel.

The TD Aeroplan Visa Infinite* Card is the adjacent level up successful TD’s Aeroplan recognition paper family.

Much similar its Platinum counterpart, this paper often comes with a bully invited bonus, and it besides offers cardholders 1 escaped checked container connected Air Canada flights and a interest rebate for your NEXUS application.†

This paper is simply a bully prime for individuals who question often and tin instrumentality vantage of the related perks.

The 3rd paper successful the TD Aeroplan household is the TD Aeroplan Visa Infinite Privilege* Card. Of TD’s 3 Aeroplan recognition cards, this 1 volition travel with the highest invited bonus and the astir invaluable perks.

This paper is perfect for individuals who don’t caput paying the precocious yearly interest and for Air Canada predominant flyers who tin maximize the inferior of the associated question benefits, including eUpgrade/Status Qualifying Miles rollover and unlimited Maple Leaf Lounge access.

Check retired our in-depth guides for these 3 Aeroplan cards to larn astir up-to-date offers and enrollment accusation – conscionable click the paper names above.

TD Rewards Credit Cards

TD offers 3 recognition cards that gain TD Rewards Points connected mundane spending. TD Rewards is the bank’s ain rewards program, allowing clients to gain points that tin beryllium utilized for travel, connection credits, and acquisition cards.

The 3 TD Rewards cards are the TD Rewards Visa* Card, the TD Platinum Travel Visa* Card, and the TD First Class Travel Visa Infinite* Card.

TD Rewards Points are peculiarly invaluable erstwhile redeemed for question booked done Expedia® for TD, the bank’s online question portal operated successful concern with Expedia®.

The TD Rewards Visa* Card is this recognition paper family’s entry-level offering and offers the accidental to gain TD Rewards Points connected mundane purchases with zero yearly fee.†

This is simply a large paper for individuals who are looking for a straightforward, low-cost paper that lets them gain towards flexible aboriginal travel.

The TD Platinum Travel Visa* Card is the mid-level paper of the TD Rewards recognition paper family, and caller cardholders usually person the accidental to gain a invited bonus successful the archetypal fewer months of paper membership.

This paper besides offers elevated TD Rewards Points earning rates, making it a bully paper for individuals looking to physique up their points equilibrium faster.

The TD First Class Travel Visa Infinite* Card is the premium paper offering successful the TD Rewards recognition paper family.

This paper often features a generous invited bonus and a first-year yearly interest rebate.

Cardholders volition besides bask fantabulous earning rates for TD Rewards Points and a $100 accommodations/vacation recognition that tin beryllium utilized erstwhile booking astatine slightest $500 worthy of eligible question done Expedia® for TD.†

This paper is simply a bully prime for individuals who are looking to rapidly accumulate TD Rewards Points and who tin marque usage of the $100 accommodations/vacation credit.

Click connected the recognition paper names supra to entree our in-depth guides for the up-to-date offers and enrollment accusation for the 3 TD Rewards recognition cards.

Low-Rate Credit Cards

TD offers 1 low-rate recognition paper successful the TD Low Rate Visa* Card.

This paper is simply a bully prime for idiosyncratic who often needs to transportation a equilibrium connected their paper and would payment from the little yearly involvement complaint of 12.90%.

This paper besides often offers promotional involvement rates for a acceptable fig of months, allowing caller cardholders to marque bigger oregon unexpected purchases without incurring arsenic overmuch interest.

TD Banking App

TD has an app disposable for some Apple iOS and Android.

Within the app, clients tin entree their chequing, savings, credit, and concern accounts. They tin determination wealth betwixt these accounts, wage bills, and deposit cheques (by taking a photograph of the cheque).

Clients tin besides nonstop and petition wealth wrong Canada via Interac e-transfer oregon to 200+ countries utilizing TD Global Transfer.

Within the app, clients tin besides support their debit and recognition cards unafraid with the quality to fastener a paper if it is misplaced, lost, oregon stolen. They tin past easy unlock the paper successful the app erstwhile it has been found.

If you’re caller to the app, TD besides provides immoderate precise adjuvant tutorials on their website to assistance you larn each astir the antithetic features.

Conclusion

TD is the 2nd largest slope successful Canada, with implicit 1,000 branches crossed the country.

TD offers a scope of slope accounts, recognition cards, and further products designed to suit a myriad of antithetic lawsuit types.

Whether you’re a student, a newcomer to Canada, oregon idiosyncratic perusing caller banking options, TD’s diverseness of offerings are surely worthy exploring.

Frequently Asked Questions

What bash I request to unfastened a TD slope account?

To unfastened a TD slope account, you’ll request your idiosyncratic accusation including afloat name, birthdate address, telephone number, and email address.

Additionally, you’ll request to supply 2 valid forms of identification, and if the slope relationship you program to unfastened volition gain interest, you’ll besides request to supply your Social Insurance Number for taxation reporting purposes.

Valid forms of recognition tin see a Canadian driver’s license, wellness card, oregon passport, Canadian commencement certificate, Old Age Security card, Certificate of Indian Status, citizenship certificate, imperishable nonmigratory card, and more.

You tin larn much astir the ID requirements from the Financial Consumer Agency of Canada’s website. (https://www.canada.ca/en/financial-consumer-agency/services/banking/opening-bank-account.html)

What bash I request to unfastened a TD recognition card?

To unfastened a TD recognition card, you’ll request your idiosyncratic accusation including afloat name, birthdate, address, telephone number, and email address.

Different recognition cards volition person antithetic requirements, and for immoderate recognition cards you volition beryllium required to supply further fiscal accusation specified arsenic your employment presumption (past and present) and your income.

How bash I contact/access TD?

There are aggregate ways to contact/access TD successful Canada.

Information astir TD and their idiosyncratic banking products and services tin beryllium recovered on the TD website.

If you are already a TD lawsuit with either a idiosyncratic slope relationship oregon idiosyncratic recognition card, you tin motion successful to your relationship connected your machine and usage the EasyWeb Messaging diagnostic connected the website to connection with a unrecorded cause betwixt the hours of 9am and 11pm Eastern Time Monday to Friday and betwixt 10am and 7pm Eastern Time connected Saturday and Sunday.

Alternatively, you tin motion successful connected the TD App and prime Contact Us from the menu, followed by Call Us. This volition link you with a unrecorded telephone cause during concern hours arsenic agelong arsenic you’re physically successful Canada.

You tin besides scope retired by telephone:

• For slope accounts, you tin telephone 1-866-222-3456 (English) and 1-800-895-4463 (French)
• For recognition cards, you tin telephone 1-800-983-8472 (options for French and English), 1-877-233-5558 (Cantonese), and 1-877-233-5844 (Mandarin)

If you’d similar to talk to idiosyncratic successful person, you tin locomotion successful to your section TD branch, oregon you tin archetypal make an assignment online.

The station The Beginner’s Guide to TD appeared archetypal connected Prince of Travel by Erin Partridge.