The Newbie’s Information to TD

TD is one in every of Canada’s largest and hottest banks, providing a spread of services via in-person and on-line banking.

On this information, we offer an summary of TD’s checking account and bank card portfolio, with hyperlinks to extra in-depth articles on particular merchandise and different key data.

A Temporary Historical past of TD

Toronto Dominion (TD) Financial institution was created on February 1, 1955, as an amalgamation of The Financial institution of Toronto and The Dominion Financial institution.

Over the previous seven a long time, TD has continued to develop in each dimension and within the variety of its choices.

Starting with 499 branches on the time of amalgamation, TD now has over 2,200 branches and is at present the second largest financial institution in Canada and the tenth largest financial institution within the US.

Key Dates in TD Historical past:

• 1855 – The Financial institution of Toronto was based
• 1871 – The Dominion Financial institution opened its first department
• 1955 – TD was created via the amalgamation of The Financial institution of Toronto and The Dominion Financial institution
• 2000 – TD purchases Canada Belief, increasing its market share in Canada
• 2005 – TD acquires Banknorth, marking its main entrance into US retail banking
• 2011 – TD acquires MBNA Canada’s bank card enterprise

Chequing and Financial savings Accounts

TD has 4 private chequing accounts and three private financial savings accounts, which we’ll go over on this part.

When contemplating which sort of account to open, it’s vital to consider your banking priorities and preferences, and the way you have a tendency to make use of and entry your account.

TD additionally usually has promotional provides while you join a particular account or a number of accounts collectively that may garner you a money bonus, greater rates of interest on financial savings, and different perks (e.g., merchandise).

Chequing Accounts

Chequing accounts are the very best day-to-day account as they have an inclination to supply extra month-to-month transactions and decrease charges in comparison with financial savings accounts. Plus, they usually include perks resembling free Interac e-transfers and rebates on bank card annual charges.

To study extra, let’s have a look the important thing traits of every of TD’s private chequing accounts from the only to essentially the most complete:

TD Minimal Chequing Account

• Month-to-month price: $3.95 (all figures in CAD)
• Included transactions: 12 (further transactions = $1.25/every)
• Interac e-transfers: $0.50/every (for transactions as much as $100) and $1/every (for transactions above $100)
• ATM charges: $2 for non-TD ATMs in Canada, $3 for international ATMs within the US and Mexico, and $5 for international ATMs in another nation
• Price waivers: Charges waived for seniors receiving the Assured Revenue Complement (GIS) and for Registered Incapacity Financial savings Plan beneficiaries
• Finest for: People with minimal banking wants

TD Each Day Chequing Account

• Month-to-month price: $10.95 (waived if a $3,000 account stability is maintained)
• Included transactions: 25 (further transactions = $1.25/every)
• Interac e-transfers: Free
• ATM charges: $2 for non-TD ATMs in Canada, $3 for international ATMs within the US and Mexico, and $5 for international ATMs in another nation
• Price waivers: None
• Finest for: People who make fewer than 25 transactions per 30 days

TD Limitless Chequing Account

• Month-to-month price: $16.95 (waived if a $4,000 account stability is maintained)
• Included transactions: Limitless
• Interac e-transfers: Free
• ATM charges: $0 for all ATMs in Canada, $3 for international ATMs within the US and Mexico, and $5 for international ATMs in another nation
• Price waivers: First yr annual price rebate for an eligible TD bank card
• Finest for: People who need the liberty of limitless transactions and who can benefit from the bank card price rebate

TD All-Inclusive Banking Plan

• Month-to-month price: $29.95 (waived if a $5,000 account stability is maintained); $22.45 for seniors over the age of 60
• Included transactions: Limitless
• Interac e-transfers: Free
• ATM charges: $0 for all ATMs globally
• Price waivers: Yearly annual price rebate for an eligible TD bank card
• Extra options: A small security deposit field (topic to availability) and free personalised cheques
• Finest For: People who usually use non-TD ATMs and those that can benefit from the annual bank card price rebate and the extra product perks

Financial savings Accounts

TD additionally provides three financial savings accounts for shoppers seeking to construct their financial savings whereas nonetheless having easy accessibility to their funds.

Let’s discover these three accounts and what makes every one distinctive.

TD Each Day Financial savings Account

• Month-to-month price: $0
• Annual rate of interest: 0.010%
• Included transactions: One (further transactions = $3/every)
• Transfers: Free to different TD deposit accounts
• ATM charges: $2 for non-TD ATMs in Canada, $3 for international ATMs within the US and Mexico, and $5 for international ATMs in another nation
• Finest For: People searching for a easy place to begin saving

TD Excessive Curiosity Financial savings Account

• Month-to-month price: $0
• Annual rate of interest: 0.050% when account stability is $5,000 or greater; 0% when account stability is under $5,000
• Included transactions: Zero (transactions = $5/every, which is waived if a $25,000 account stability is maintained)
• Transfers: Free to different TD deposit accounts
• ATM charges: $2 for non-TD ATMs in Canada, $3 for international ATMs within the US and Mexico, and $5 for international ATMs in another nation
• Finest for: People searching for an easy-to-access financial savings account

TD ePremium Financial savings Account

• Month-to-month price: $0
• Annual rate of interest: 1.85% when account stability is $10,000 or greater; 0% when account stability is under $10,000
• Included transactions: Zero (transactions = $5/every)
• Transfers: Free to different TD deposit accounts
• ATM charges: $2 for non-TD ATMs in Canada, $3 for international ATMs within the US and Mexico, and $5 for international ATMs in another nation
• Finest For: People who can keep an account stability of $10,000 or greater

Moreover, for people who’ve newly immigrated to Canada, TD has created a particular provide referred to as the TD New to Canada Banking Bundle.

This provide offers quite a lot of completely different monetary incentives while you open particular chequing and financial savings accounts, plus further rewards-based incentives while you sign-up for a particular bank card.

Pupil Financial institution Accounts

TD provides one account particularly for youth (underneath the age of 23) and college students (of any age) who’re enrolled in full-time post-secondary training: the TD Pupil Chequing Account.

TD Pupil Chequing Account

• Month-to-month price: $0
• Included transactions: Limitless
• Interac e-transfers: Free
• ATM charges: $2 for non-TD ATMs in Canada, $3 for international ATMs within the US and Mexico, and $5 for international ATMs in another nation
• Price waivers: None
• Finest for: People who’re underneath the age of 23 or who’re enrolled in a full-time post-secondary program

Moreover, TD has created a particular provide for younger college students who’re new to Canada: the Worldwide Pupil Banking Bundle.

This package deal combines the TD Pupil Chequing Account, the TD Rewards Visa* Card, and the TD Each Day Financial savings Account and offers further worth to eligible account holders via Amazon present playing cards and money bonuses.

For brand new college students seeking to get began in Canada, this package deal offers each important merchandise and wonderful added worth.

US Greenback Accounts

TD has two US greenback accounts obtainable: the US Every day Curiosity Chequing Account and the Borderless Account.

These accounts are perfect for individuals who have banking wants in each Canada and the US as they will let you simply trade funds between the 2 nations at a aggressive charge.

The US Every day Curiosity Chequing Account has no month-to-month price, making it a superb account if you end up sometimes in want of banking entry within the US.

Comparatively, the Borderless Account has a month-to-month price of $4.95 (USD) which is waived if the account stability is $3,000 (USD).

This account enjoys a most well-liked trade charge and offers account holders with free US financial institution drafts and primary cheques. These options make it excellent for frequent travellers to the US.

TD Credit score Playing cards

TD provides its shoppers a spread of non-public bank cards that present the chance to earn money again, Aeroplan factors, and TD Rewards Factors.

Money Again Credit score Playing cards

TD provides two money again bank cards: the TD Money Again Visa Infinite* Card and the TD Money Again Visa* Card.

These bank cards are perfect for individuals who just like the simplicity of money again rewards, which can be utilized to pay down your account at any time with a minimal of $25.

For an entry-level card, the TD Money Again Visa* Card has no annual price and earns 1% money again on eligible grocery, gasoline, and recurring invoice funds.†

Comparatively, the TD Money Again Visa Infinite* has an annual price of $139 however provides 3% money again on eligible grocery, gasoline, and recurring invoice funds.†

We’ve created particular person in-depth guides to each of those money again bank cards, the place you’ll find up-to-date provides and enrollment data – simply click on above to study extra.

Aeroplan Co-Branded Credit score Playing cards

For people seeking to earn factors with Canada’s hottest and highly effective airline loyalty program, TD provides three private bank cards that earn Aeroplan factors on on a regular basis spending.

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

These playing cards are nice decisions for Aeroplan members seeking to construct up their factors account stability to entry award flights, as every card comes with a welcome bonus and earns Aeroplan factors on on a regular basis spend.

The entry-level member of the TD Aeroplan co-branded card household is the TD Aeroplan Visa Platinum* Card. This card usually incorporates a beneficiant welcome bonus and comes with just a few Air Canada perks.

It is a nice card to contemplate when you have a extra modest revenue or need to preserve prices down whereas nonetheless incomes factors in direction of journey.

The TD Aeroplan Visa Infinite* Card is the subsequent stage up in TD’s Aeroplan bank card household.

Very like its Platinum counterpart, this card usually comes with a pleasant welcome bonus, and it additionally provides cardholders one free checked bag on Air Canada flights and a price rebate on your NEXUS software.†

This card is an effective selection for people who journey usually and may benefit from the associated perks.

The third card within the TD Aeroplan household is the TD Aeroplan Visa Infinite Privilege* Card. Of TD’s three Aeroplan bank cards, this one will include the best welcome bonus and essentially the most precious perks.

This card is good for people who don’t thoughts paying the excessive annual price and for Air Canada frequent flyers who can maximize the utility of the related journey advantages, together with eUpgrade/Standing Qualifying Miles rollover and limitless Maple Leaf Lounge entry.

Try our in-depth guides for these three Aeroplan playing cards to find out about up-to-date provides and enrollment data – simply click on the cardboard names above.

TD Rewards Credit score Playing cards

TD provides three bank cards that earn TD Rewards Factors on on a regular basis spending. TD Rewards is the financial institution’s personal rewards program, permitting shoppers to earn factors that can be utilized for journey, assertion credit, and present playing cards.

The three TD Rewards playing cards are the TD Rewards Visa* Card, the TD Platinum Journey Visa* Card, and the TD First Class Journey Visa Infinite* Card.

TD Rewards Factors are notably precious when redeemed for journey booked via Expedia® for TD, the financial institution’s on-line journey portal operated in partnership with Expedia®.

The TD Rewards Visa* Card is that this bank card household’s entry-level providing and provides the chance to earn TD Rewards Factors on on a regular basis purchases with zero annual price.†

It is a nice card for people who’re searching for an easy, low-cost card that lets them earn in direction of versatile future journey.

The TD Platinum Journey Visa* Card is the mid-level card of the TD Rewards bank card household, and new cardholders often have the chance to earn a welcome bonus within the first few months of card membership.

This card additionally provides elevated TD Rewards Factors incomes charges, making it a superb card for people seeking to construct up their factors stability quicker.

The TD First Class Journey Visa Infinite* Card is the premium card providing within the TD Rewards bank card household.

This card usually incorporates a beneficiant welcome bonus and a first-year annual price rebate.

Cardholders can even take pleasure in wonderful incomes charges for TD Rewards Factors and a $100 lodging/trip credit score that can be utilized when reserving at the very least $500 price of eligible journey via Expedia® for TD.†

This card is an effective selection for people who wish to shortly accumulate TD Rewards Factors and who could make use of the $100 lodging/trip credit score.

Click on on the bank card names above to entry our in-depth guides for the up-to-date provides and enrollment data for the three TD Rewards bank cards.

Low-Charge Credit score Playing cards

TD provides one low-rate bank card within the TD Low Charge Visa* Card.

This card is an effective selection for somebody who usually wants to hold a stability on their card and would profit from the decrease annual rate of interest of 12.90%.

This card additionally usually provides promotional rates of interest for a set variety of months, permitting new cardholders to increase or sudden purchases with out incurring as a lot curiosity.

TD Banking App

TD has an app obtainable for each Apple iOS and Android.

Throughout the app, shoppers can entry their chequing, financial savings, credit score, and funding accounts. They’ll transfer cash between these accounts, pay payments, and deposit cheques (by taking a photograph of the cheque).

Purchasers may also ship and request cash inside Canada by way of Interac e-transfer or to 200+ nations utilizing TD World Switch.

Throughout the app, shoppers may also preserve their debit and bank cards safe with the power to lock a card whether it is misplaced, misplaced, or stolen. They’ll then simply unlock the cardboard within the app as soon as it has been discovered.

Should you’re new to the app, TD additionally offers some very useful tutorials on their web site that will help you study all concerning the completely different options.

Conclusion

TD is the second largest financial institution in Canada, with over 1,000 branches throughout the nation.

TD provides a spread of financial institution accounts, bank cards, and extra merchandise designed to go well with a myriad of various shopper sorts.

Whether or not you’re a pupil, a newcomer to Canada, or somebody perusing new banking choices, TD’s variety of choices are actually price exploring.

Ceaselessly Requested Questions

What do I must open a TD checking account?

To open a TD checking account, you’ll want your private data together with full identify, birthdate handle, cellphone quantity, and electronic mail handle.

Moreover, you’ll want to offer two legitimate types of identification, and if the checking account you propose to open will earn curiosity, you’ll additionally want to offer your Social Insurance coverage Quantity for tax reporting functions.

Legitimate types of identification can embody a Canadian driver’s license, well being card, or passport, Canadian beginning certificates, Outdated Age Safety card, Certificates of Indian Standing, citizenship certificates, everlasting resident card, and extra.

You may study extra concerning the ID necessities from the Monetary Client Company of Canada’s web site. (https://www.canada.ca/en/financial-consumer-agency/providers/banking/opening-bank-account.html)

What do I must open a TD bank card?

To open a TD bank card, you’ll want your private data together with full identify, birthdate, handle, cellphone quantity, and electronic mail handle.

Completely different bank cards could have completely different necessities, and for some bank cards you may be required to offer further monetary data resembling your employment standing (previous and current) and your revenue.

How do I contact/entry TD?

There are a number of methods to contact/entry TD in Canada.

Details about TD and their private banking services may be discovered on the TD web site.

If you’re already a TD shopper with both a private checking account or private bank card, you possibly can check in to your account in your pc and use the EasyWeb Messaging function on the web site to message with a dwell agent between the hours of 9am and 11pm Jap Time Monday to Friday and between 10am and 7pm Jap Time on Saturday and Sunday.

Alternatively, you possibly can check in on the TD App and choose Contact Us from the menu, adopted by Name Us. This may join you with a dwell cellphone agent throughout enterprise hours so long as you’re bodily in Canada.

It’s also possible to attain out by phone:

• For financial institution accounts, you possibly can name 1-866-222-3456 (English) and 1-800-895-4463 (French)
• For bank cards, you possibly can name 1-800-983-8472 (choices for French and English), 1-877-233-5558 (Cantonese), and 1-877-233-5844 (Mandarin)

Should you’d favor to talk to somebody in individual, you possibly can stroll in to your native TD department, or you possibly can first make an appointment on-line.