Question 1

What is the monthly fee for TD Every Day Chequing Account?

Accepted Answer

The TD Every Day Chequing Account charges $11.95 per month for most customers, with a reduced fee of $8.20 for seniors aged 60 and older. You can waive this monthly fee entirely by maintaining a minimum daily closing balance of $3,000 throughout the entire statement period.

Question 2

How do I qualify for TD chequing account fee waivers?

Accepted Answer

TD waives monthly fees when you maintain specific minimum daily balances: $3,000 for TD Every Day Chequing, $4,000 for TD Unlimited Chequing, or $6,000 for TD All-Inclusive Banking. Your balance must stay at or above this threshold every single day of the month. Students under 23 and full-time post-secondary students receive automatic waivers on TD Student Chequing regardless of balance.

Question 3

How many free transactions do I get with TD chequing accounts?

Accepted Answer

TD Every Day Chequing includes 25 transactions per month, while TD Minimum Chequing includes 12 transactions. Both TD Unlimited Chequing and TD All-Inclusive Banking **offer** unlimited transactions. Additional transactions on limited plans cost $1.25 each. Interac e-Transfer transactions are free on all TD chequing accounts and do not count toward monthly limits.

Question 4

What fees does TD charge for using non-TD ATMs?

Accepted Answer

TD charges $2.00 for each withdrawal at non-TD ATMs within Canada, $3.00 for ATMs in the United States or Mexico, and $5.00 for ATMs in other countries. These fees apply regardless of your account type and are in addition to any convenience fees charged by the ATM operator.

Question 5

Are Interac e-Transfers free with TD chequing accounts?

Accepted Answer

Yes, Interac e-Transfer transactions are free on all TD **personal** chequing accounts, including TD Minimum Chequing, TD Every Day Chequing, TD Unlimited Chequing, TD Student Chequing, and TD All-Inclusive Banking. These transfers also do not count toward your monthly transaction limit on accounts with restricted transactions.

Question 6

How do TD chequing fees compare to other Canadian banks?

Accepted Answer

TD's fees align closely with major competitors. TD charges $17.95 monthly for unlimited chequing (waived with $4,000 balance), matching BMO and slightly above Scotiabank ($16.95). RBC charges $16.95 for unlimited banking but cannot waive the fee through minimum balances. No-fee online banks like Simplii Financial and Tangerine **offer** unlimited free transactions without monthly fees or balance requirements.

Question 7

Can seniors get reduced fees on TD chequing accounts?

Accepted Answer

Seniors aged 60 and older receive a reduced monthly fee of $8.20 on the TD Every Day Chequing Account, compared to the standard $11.95. This reduced fee can still be waived entirely by maintaining a $3,000 minimum daily balance. Other TD accounts do not offer senior-specific fee reductions.

Question 8

What happens if my balance drops below the waiver threshold for one day?

Accepted Answer

TD requires your balance to remain at or above the waiver threshold every single day of the month. If your balance falls below the minimum even for one day, you **will** be charged the full monthly fee for that statement period. TD does not prorate fees or offer partial waivers based on how many days you maintained the required balance.

Question 9

Does TD charge fees for international money transfers?

Accepted Answer

Yes, TD charges fees for international wire transfers, typically ranging from $15 to $50 for outbound transfers depending on whether you send online or at a branch. Inbound international wires cost approximately $10 to $25. TD also applies a **foreign** exchange markup of 1.5% to 2.5% above the mid-market rate when converting currencies.

Question 10

Have TD chequing account fees increased recently?

Accepted Answer

As of March 2026, TD has not increased monthly chequing account fees or adjusted minimum balance waiver thresholds since 2024. However, new federal regulations implemented in March 2026 capped non-sufficient **funds** (NSF) fees at $10 across all Canadian banks, benefiting customers who occasionally experience account shortfalls.

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