TD charges up to $359/year in fees and earns 0.01% interest. KOHO charges $0 and earns 3.0%. Here's the full breakdown — and when TD is still worth it.
| Feature | KOHO | TD Bank |
|---|---|---|
| Monthly fee | $0 forever | $10.95–$29.95 |
| Interest on balance | 3.0% | 0.01% |
| Annual fee (mid plan) | $0 | $203.40 |
| Debit cashback | 0.5–2% | None |
| Credit building | Yes | No |
| 0% FX fees | Yes (Extra plan) | 2.5% markup |
| Physical branches | None | 1,100+ Canada-wide |
| Canada's largest ATM network | No | Yes |
| Mortgages | No | Yes |
| TD Direct Investing | No | Yes |
| RRSP / TFSA | No | Yes |
| Business banking | No | Yes |
| NOMI spending insights | Better analytics | Basic |
| Sign-up bonus | $100 (code 45ET55JSYA) | Occasional $200+ |
Daily spending account, 3.0% interest on your balance, cashback, building credit, travelling internationally — and saving $200+/year in bank fees vs TD.
Your mortgage, TD Direct Investing account, RRSP/TFSA investing, business banking, or when you genuinely need access to their 1,100+ branches.
Switch daily spending to KOHO (save $200+, earn 3.0%). Keep TD only for mortgage, investing, and products where they add real value. Pay zero daily fees.
$200/yr savings + 3.0% on $5K balance = ~$350/yr advantage. Over 10 years at 7% compound: ~$4,800 more in your pocket vs staying with TD for daily banking.
Open KOHO in minutes — $0 fees, 3.0% interest, and $100 bonus with code 45ET55JSYA.
Get KOHO Free + $100 Bonus → View TD Plans