Updated March 2025. TD Bank is Canada's second-largest bank by assets, with approximately 11 million Canadian customers, 1,100 branches, and 3,500 ATMs. Known for extended branch hours and strong US banking capabilities, TD remains one of Canada's most popular banks. But at $10.95–$29.95/month in fees, is it worth it?
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Get KOHO Free — Use Code 45ET55JSYA| Category | Details |
|---|---|
| Full Name | The Toronto-Dominion Bank |
| Founded | 1955 (merger of Bank of Toronto & Dominion Bank) |
| Total Assets | ~$1.9 trillion CAD |
| Canadian Branches | ~1,100 |
| ATMs (Canada) | ~3,500 |
| US Banking | TD Bank USA (eastern US) |
| Mobile App (iOS) | 4.5/5 |
| CDIC Member | Yes |
| Account | Monthly Fee | Transactions Included | Fee Waiver |
|---|---|---|---|
| TD Minimum Chequing | $10.95 | 12/month | $3,000 balance |
| TD Everyday Chequing | $16.95 | Unlimited | $4,000 balance |
| TD All-Inclusive Banking | $29.95 | Unlimited | $5,000 balance |
| TD Student Chequing | $0 | Unlimited | Student status required |
| TD 55+ Chequing | Reduced fees | Varies | Varies |
TD offers one of the strongest credit card lineups among Canadian banks, particularly for travel rewards:
| Account | Rate |
|---|---|
| TD eSavings Account | ~1.05% |
| TD TFSA Savings | ~1.05% |
| TD 1-Year GIC | ~3.5–4.5% |
| TD RRSP Savings | ~1.05% |
TD's savings rates are competitive among the Big 5 but lag significantly behind online banks like EQ Bank (3.00–3.50%) and Tangerine's promotional rates.
TD is one of Canada's largest mortgage lenders. Highlights:
TD Bank's US subsidiary operates a full retail banking network in eastern US states. For Canadians who:
TD's cross-border banking is a genuine differentiator — you can manage both accounts from the same app.
TD's mobile app (TD Canada) receives 4.5 stars on iOS. Features include:
TD Bank is worth the fees if you: regularly use US banking, want to maximize Aeroplan points, need Sunday banking, or require a full-service bank for mortgages and investments.
If you mainly want a chequing account for daily spending, the $10.95–$16.95/month fee is hard to justify when KOHO offers $0 fees and cash back.
Information current as of March 2025. Fees and rates subject to change. Verify directly with TD Bank.