The TD All-Inclusive Banking Plan is the best bank account available from TD Canada Trust (TD). It's a premium chequing account that comes with unlimited transactions, free ATM use, rebates on select credit cards, a valuable welcome bonus, and more.
As the second-largest, and one of the top banking institutions in Canada, TD offers a full selection of financial services from bank accounts to mortgages, insurance to investment products, and more. If you want to hold and manage your finances under one roof, TD makes it easy for you.
Below is a review of the best accounts TD has to offer.
Key Takeaways
- The best chequing account from TD is the TD All-Inclusive Banking Plan.
- The best savings account from TD is the TD Every Day Savings Account.
- TD's chequing and savings accounts are comparable with others on the market, but the TD High Interest Savings Account isn’t as competitive.
- As one of Canada's biggest banks, TD offers top security, an extensive network of branches and ATMs, and a user-friendly website.
Best TD chequing account
The TD All-Inclusive Banking Plan offers a rich set of benefits in exchange for a $30.95 monthly fee, which is waived when a $5,000 daily balance is maintained throughout the month. Account holders can enjoy unlimited transactions, no fees for TD or non-TD ATMs, rebates on the annual fee for select TD credit cards, and the opportunity to earn bonuses from partners like Starbucks.
- Generous welcome bonus
- Unlimited transactions and Interac e-Transfers
- Free safety deposit box, cheques, and money orders
- Rebate on select TD credit cards
- Free ATM use (both TD and non-TD ATMs)
- High minimum balance to waive the monthly fee
- No rewards program or valuable perks
- No savings on international money transfers
- Age of majority
- TD Fraud Alerts
- No ATM fees
- Automatic savings transfers
- Free personalized cheques, money orders, and certified cheques
Best TD chequing account: TD All-Inclusive Banking Plan
Why we picked it:
- Unlimited transactions and Interac e-Transfers
- Valuable premium perks and freebies
- Free unaffiliated ATM usage
- Linked debit card earns Starbucks Rewards
| Pros | Cons |
|---|---|
|
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 | | | |
|---|---|---|---|
| Account | TD Unlimited Chequing Account | TD Every Day Chequing Account | TD Minimum Chequing Account |
| Genius Rating | |||
| Why You Want It | $139 credit card fee waiver + Unlimited transactions and e-Transfers. | Unlimited Interac e-Transfers + 50% more Stars at Starbucks. | 12 transactions a month + Free for GIS recipients and RDSP beneficiaries. |
| Minimum Balance To Waive Fee | $4,000 | $3,000 | N/A |
| # Of Free Monthly Transactions | Unlimited | 25 | 12 |
| # Of Free Monthly Interac E-Transfers | Unlimited | Unlimited | 0 |
| Monthly Fee | $17.95 | $11.95 | $3.95 |
| Excess Transaction Fee | N/A | $1.25 | $1.25 |
Show More | |||
| Open an account See more TD products Compare | Learn More See more TD products Compare | Learn More See more TD products Compare |
Best TD savings accounts
If you’re someone who doesn’t need to make a lot of transactions throughout the month and wants a simple way to save, the TD Every Day Savings Account could be a great option for you. TD Every Day Savings Account holders earn interest on every dollar for no monthly fee, and the account includes one free transaction per month. Additionally, it offers the convenience of free unlimited transfers between TD accounts, making it easy to use this account for savings and a chequing account for day-to-day banking.
- Free to have this account
- No fees to transfer to other TD accounts
- Earn 0.01% interest on your savings
- Only one free transaction per month
- Fees for additional transactions and ATM use
- Low interest rate that doesn’t increase with tiers
- Automated savings feature
- Free transfers to other TD accounts
Best TD savings account: TD Every Day Savings Account
Why we picked it:
- Same interest rate as the TD High Interest Savings Account
- No balance requirement for earning interest
- Free and automatic transfers to other accounts
- Automatic savings feature
| Pros | Cons |
|---|---|
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| | |
|---|---|---|
| Account | TD ePremium Savings Account | TD Every Day Savings Account |
| Genius Rating | ||
| Why You Want It | Free online transfers from your TD accounts + Automated savings. | Unlimited transfers to another TD account + Automated savings feature. |
| Interest Rates |
|
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| # Of Free Transactions | 0 | 1 |
| # Of Free Interac E-Transfers | N/A | N/A |
| Max Promotion Rate | N/A | N/A |
| Welcome Bonus Value | $150 | N/A |
| Promo End Date | May 28, 2025 | N/A |
| Open an account See more TD products Compare | Learn More See more TD products Compare |
Best TD U.S. bank account
Best TD savings account: TD Borderless Plan
Why we picked it:
- Unlimited transactions included
- Provides preferred foreign exchange rates
- Annual rebate for TD U.S. Dollar Visa Credit Card
- Free premium perks
| Pros | Cons |
|---|---|
|
|
| TD Borderless Plan | TD U.S. Daily Interest Chequing Account | |
|---|---|---|
| Monthly Fee | $4.95 U.S. | $0 |
| Minimum Balance To Waive fee | $3,000 U.S. | N/A |
| Interest Rate | 0.01 | N/A |
| # Of Free Transactions | Unlimited | N/A |
| Transaction Fee | N/A | $1.25 U.S. |
| Automatic Savings Feature | Yes | Yes |
| Maximum Credit Card Annual Fee Waiver | $39 U.S. | N/A |
| Free Cheques | Yes | No |
TD Bank account offers
The TD All-Inclusive Banking Plan and TD Unlimited Chequing Account both offer a welcome bonus of $450 cash for new account holders.
Here are the actions required to earn this bonus:
- Open a new account either online or at a TD bank branch location
- Complete two of these tasks: set up a recurring direct deposit, set up a recurring pre-authorized debit payment of $50+, or make an online bill payment of $50+
You can earn an extra cash bonus of up to $100 by opening a new TD savings account and TD credit card, as such:
- Open an eligible TD savings account either online or at a TD bank branch location
- Set up a regular pre-authorized transfer
- Set up Simply Save (automatic savings tool)
- Apply and receive approval for a new TD credit card
How do TD accounts compare to alternatives?
Like many Canadian banks, TD Bank accounts offer a range of features like online banking and mobile apps for convenience. However, details like fees, interest rates, and added perks differ between accounts and banks.
Chequing account comparison
Here's a look at how the top TD chequing account stacks up against other best chequing accounts in the country:
|  |  |  | |
|---|---|---|---|---|
| Account | TD All-Inclusive Banking Plan | Scotiabank Ultimate Package | Tangerine Chequing Account | Innovation's No-Fee Bank Account |
| Genius Rating | ||||
| Why You Want It | Unlimited transactions + No ATM fees anywhere in the world. |  $100 GeniusCash + Get up to a $700* welcome bonus + Up to $150 annual credit card fee waivers. | Get unlimited free transactions for no monthly fee + Earn up to 0.1% interest. | $75 GeniusCash + Unlimited transactions for $0 + Ding-free non-affiliated ATM usage. |
| Minimum Balance To Waive Fee | $5,000 | $6,000 | $0 | N/A |
| # Of Free Monthly Transactions | Unlimited | Unlimited | Unlimited | Unlimited |
| # Of Free Monthly Interac E-Transfers | Unlimited | Unlimited | Unlimited | Unlimited |
| Monthly Fee | $30.95 | $30.95 | $0.00 | $0.00 |
| Excess Transaction Fee | N/A | $0.00 | $0.00 | N/A |
Show More | ||||
| Open an account See more TD products Compare | I Want This Deal See more Scotiabank products Compare | Open an account See more Tangerine products Compare | I Want This Deal See more Innovation Federal Credit Union products Compare |
Savings account comparison
If you’re looking for a savings account, here's how the best TD option compares with the best from other banks:
|  | |  | |
|---|---|---|---|---|
| Account | TD Every Day Savings Account | KOHO Earn Interest | Scotiabank MomentumPLUS Savings Account | Meridian High Interest Savings Account |
| Genius Rating | ||||
| Why You Want It | Unlimited transfers to another TD account + Automated savings feature. | Get 2 accounts in 1 with up to 3.5% interest + Cash back on every purchase. | Get up to 4.95%* interest on your money + No monthly fees. | Earn 0.85% interest + Unlimited free transactions. |
| Interest Rates |
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| # Of Free Transactions | 1 | Unlimited | 0 | Unlimited |
| # Of Free Interac E-Transfers | N/A | Unlimited | 0 | 0 |
| Max Promotion Rate | N/A | N/A | 4.95% | N/A |
| Welcome Bonus Value | N/A | N/A | N/A | N/A |
| Promo End Date | N/A | N/A | See Issuer for Details | N/A |
| Open an account See more TD products Compare | Open an account See more KOHO products Compare | Open an account See more Scotiabank products Compare | Learn More See more Meridian Credit Union products Compare |
Opening and closing a TD bank account
Whether you're opening or closing a TD bank account, there are steps to follow.
How to open a TD account
Opening a TD bank account requires a process that's fairly standard with all banks, beginning with choosing the account you want and ending with depositing funds.
- Step 1: Research the account options, consider your needs, and choose the best fit.
- Step 2: Gather your documentation. This can include a Canadian passport, driver's license, SIN, and/or birth certificate.
- Step 3: Fill out and submit an application, either online, over the phone, or in person at a bank branch. This process can take anywhere from 10 to 30 minutes.
- Step 4: Deposit funds into your new account.
How to close TD account
If you want to close your TD bank account, follow these steps:
- Step 1: Ensure you have another account elsewhere that you can use to manage your funds.
- Step 2: Pay any fees you owe and redirect any automatic payments that come from the account you're closing.
- Step 3: Move your funds into your other account.
- Step 4: Visit a bank branch or call customer service and request the account be closed. It may be possible to do this online, but it's not a common option.
- Step 5: It can take a few days or even weeks for TD to complete the process, so check back regularly until you see that the account has successfully been closed.
$75 GeniusCash + Unlimited transactions for $0 + Ding-free non-affiliated ATM usage.
$25 GeniusCash + $50 bonus for funding a new account, and $0 commissions on stocks & ETFs
$12 GeniusCash + Access trusted news coverage 24/7 + Digital and home subscription options.
$25 GeniusCash + Delicious meal choices with fresh ingredients + Front-door delivery.Why we like TD Bank
TD Bank is an excellent choice for Canadians who prefer to work with a big, well-established bank and who make frequent transactions while they're out and about. TD's suite of chequing accounts offers exceptional value and convenience that can't be denied.
However, TD falls a bit short in the savings account category. The only real benefit of them vs. your online banking options is the convenience of keeping everything under one roof, so to speak, as it's easier to transfer money.
FAQ
Which TD savings account is the best?
The TD Every Day Savings Account is the top savings account you can get from TD Bank. There's no monthly fee, one free transaction per month, and you can use TD's autosave feature for effortless additions to your nest egg.
What is the minimum balance required for a TD chequing account?
There isn't a minimum balance required for opening a TD chequing account, nor is there such a requirement for their savings accounts. However, minimum balance requirements to have the monthly account fee waived range from $2,000 to $5,000.
Is there a free TD chequing account?
The TD Student Chequing Account and the U.S. Daily Interest Chequing Account are the only accounts from TD that don't charge a monthly fee, but fees for other accounts can often be waived by maintaining a minimum balance.
Does TD offer the first home savings account (FHSA)?
Yes, TD offers a first home savings account as one of its registered savings plans. This is a tax-free savings account that can help your nest egg grow as you set aside funds for a downpayment on your first home.
How do I avoid TD Bank monthly fees?
Most TD savings accounts don't charge a monthly fee, but clients can have their monthly fees waived on chequing accounts by maintaining a certain balance. This balance can be anywhere from $2,000 to $5,000.
How to get $300 from TD Bank?
The current TD welcome bonuses offer as much as $450 for opening a new chequing account, plus another $100 if you also open a new savings account and TD credit card. These offers change every few months.
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