The TD Every Day Chequing Account offers unlimited free Interac e-Transfers, making it simple to send money anytime without worrying about extra charges. TD Bank also adds a little extra flavour by offering bonus Starbucks Rewards, a nice perk for coffee lovers who want to earn more with their day-to-day banking. For a monthly fee of just $11.95, which includes 25 transactions a month plus a seniors discount, this a good choice for your average banking needs.
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TD Every Day Chequing Account features
This account successfully delivers on the following features:
Verified on August 29, 2025
Why You Want It
Unlimited Interac e-Transfers + 50% more Stars at Starbucks.
Special Features
- Get 50% more Stars at Starbucks.
- Unlimited free Interac e-Transfers
- Discount for seniors
Eligibility
- Resident of Canada
- Age of majority
Provinces
ALL
Features
Minimum Balance To Waive Fee
$3,000
# Of Free Monthly Transactions
25
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$11.95
Excess Transaction Fee
$1.25
Excess Interac E-Transfer Fee
N/A
Maximum Credit Card Annual Fee Waiver
N/A
Maximum Welcome Bonus
N/A
Promo End Date
May 28, 2025
Physical Locations
Automatic Budgeting System
Minimum Interest Rate
N/A
Earn Rewards On Debit Purchases
Free Cheques
Free Bank Drafts
Max Rebates For Other Accounts
N/A
Discounts For Seniors
Discounts For Youth
Other Discounts
TD Every Day Chequing Account product rating: 3.3 stars
This basic chequing account has everything you need, including unlimited free Interac e-Transfers and free withdrawals at TD ATMs. You can even avoid the monthly fee by maintaining a balance of $3,000.
However, the free transactions are limited to just 25, after which they cost $1.25 each. If you make fewer than 25 transactions in a month, this straightforward account may work well for you, but it certainly won't suit everyone's needs.
Learn more about our rating methodology.
The pros of the TD Every Day Chequing Account
TD’s account supports all the functionality you need in a chequing account – plus perks for Starbucks regulars:
Pros
25 free transactions per month
25 free transactions may not seem like many transactions, but plenty of Canadians use this amount or less, and they don't want to pay for more than they use. And this is aside from the limitless Interac e-Transfers available with this account.
Monthly fee rebate
Nobody enjoys paying a monthly fee, no matter how small it is, and the TD Every Day Chequing Account's $11.95 fee is low, but still a bother. Luckily, maintaining a $3,000 balance means you can have this fee waived. And as far as minimum balance requirements go, this one is lower than many of TD's competitors.
Earn 50% more stars at participating Starbucks stores
Taking a few minutes to link your TD card with your Starbucks Rewards account enables you to earn extra Stars every time you swipe your card or make an online order there. You'll be enjoying free treats and drinks much faster.
Mobile cheque deposits
It's true that paper cheques aren't as common as they used to be, but when you do receive the odd cheque, it's annoying to have to drive to a bank branch to deposit it. Luckily, banks have come up with a modern solution to this frustration and you can use mobile cheque deposit to add cheques to your TD Every Day Chequing Account any time you like.
The cons of the TD Every Day Chequing Account
Even as a basic chequing account, this account has a few disadvantages that hold it back:
Cons
Not free
This account costs $11.95 per month, which works out to $143 for the year. Most chequing accounts from the big 5 banks charge some kind of monthly fee, but accounts with few features like this one typically have fees lower than this. Being limited to 25 free transactions should mean a lower fee than this.
It does not earn interest
This account doesn’t earn any interest whatsoever. Yes, this is common with traditional chequing accounts, but hybrid accounts now provide alternatives that do reward you with interest. The lack of interest could be a dealbreaker for many modern banking clients.
Pricy to use non-TD ATMs
TD ATMs are easy to find across Canada, but if you ever need to use a non-TD machine or find yourself in need of fast cash in a foreign country, you'll pay for the convenience. Expect to pay at least $2 for each domestic ATM transaction from an unaffiliated machine, and as much as $5 to access your money outside of Canada.
TD Every Day Chequing Account alternatives
There’s fierce competition for the best chequing account in Canada – here are some of the TD Every Day Chequing Account's challengers:
 |  |  | |
|---|---|---|---|
| Account | BMO Performance Chequing Account | CIBC Everyday Chequing Account | Scotiabank Preferred Package |
| Genius Rating | |||
| Why You Want It |  $75 GeniusCash + Up to $700 in welcome bonuses + up to 4.6% interest on Savings Amplifier account. *T&Cs apply. | Access 3,000+ ATMs across Canada + Pay a low monthly fee of $4.00. | $50 GeniusCash + Get up to a $700* welcome bonus + Earn Scene+ points on all debit purchases. |
| Minimum Balance To Waive Fee | $4,000 | N/A | $4,000 |
| # Of Free Monthly Transactions | Unlimited | 12 | Unlimited |
| # Of Free Monthly Interac E-Transfers | Unlimited | 12 | Unlimited |
| Monthly Fee | $17.95 | $4.00 | $16.95 |
| Excess Transaction Fee | N/A | $1.25 | N/A |
Show More | |||
| I Want This Deal See more BMO products Compare | Learn More See more CIBC products Compare | I Want This Deal See more Scotiabank products Compare |
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FAQ
What’s the minimum balance for a TD Every Day Chequing Account for a fee rebate?
The minimum balance to avoid the $11.95 monthly fee is $3,000. While this may seem like a lot of cash to keep in a chequing account, it’s actually slightly lower than top-of-the-line premium chequing accounts.
Who is the TD Every Day Chequing Account best for?
This is a great account for people who need semi-frequent access to their funds. If you primarily use your account to send Interac e-Transfers with a few debit card taps per week, then TD’s account should work well for you.
Does the TD Every Day Chequing Account offer unlimited free transactions?
Interac e-Transfers are free and unlimited, but account holders are restricted to 25 transactions per month with the TD Every Day Chequing Account. Anything over 25 costs $1.25 per transaction, which is a fairly standard overage fee.
What is the minimum balance in a TD chequing account?
Thankfully, there is no minimum balance required to keep a TD chequing account open. However, maintaining a $3,000 balance allows account holders to have the monthly $11.95 account fee waived for the TD Every Day Chequing Account.
Does TD bank have a no fee chequing account?
The TD Student Chequing Account is the only TD chequing account with no monthly fee. You can also waive the monthly fee for several of TD’s accounts by maintaining a certain minimum balance, usually between $3,000 and $5,000.
How do I avoid the TD monthly fee?
Keeping a minimum balance of $3,000 in your TD Every Day Chequing Account triggers an automatic monthly rebate. Other (although not all) TD accounts have different requirements to waive the fee, anywhere between $3,000 and $5,000.
Rating methodology
To determine a Genius Rating, we start by dissecting a product into its key attributes, like the ones you see in the table above. We then assign a score between 1 and 5 to each attribute, based on how it stacks up against similar products and services available in Canada. Finally, we calculate the average of these scores to determine a final rating out of 5 stars.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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