TD Canada Trust is Canada's second-largest bank and the Big Five bank with the highest customer satisfaction scores. TD is particularly well regarded for its long banking hours, highest-rated mobile app among the Big Five, and seamless US banking through TD Bank USA. But TD charges $10.95–$29.95/month and pays near-zero savings interest. This review gives you the complete picture.
TD Canada Trust at a Glance
TD Canada Trust Products Overview
| Product | Details | Bremo Take |
|---|---|---|
| TD Everyday Banking | $10.95/month, 25 transactions | Overpriced — switch to KOHO for $0 |
| TD Unlimited Banking | $16.95/month, unlimited transactions | Better but still expensive |
| All-Inclusive Banking | $29.95/month — full package | Only worth it if you need all features |
| TD eSavings Account | ~0.01–0.05% ongoing | Poor — use EQ Bank or KOHO instead |
| Mortgages | Competitive — strong product range | Good option; slightly higher than RBC often |
| TD Aeroplan Visa | Earn Aeroplan miles directly | Excellent travel card for Air Canada loyalists |
| TD Cash Back Visa | Up to 3% cash-back | Solid no-fee cash-back card |
| TD Direct Investing | Full self-directed brokerage | Solid platform, competitive commissions |
| TD Bank USA | Full US retail banking | Unique advantage — best US banking among Big 5 |
TD's Longest Banking Hours: A Genuine Advantage
TD Canada Trust consistently markets itself as having the "longest banking hours" in Canada — and it delivers. Many TD branches open on Saturdays and Sundays, with extended weekday evening hours common across the network. For working Canadians who can't visit a bank during standard business hours, TD's accessibility is a genuine differentiator. This is particularly valuable for mortgage applications, financial advice appointments, and in-person document signings.
TD's Mobile App: Best of the Big Five
TD's mobile app consistently earns the highest ratings among Canada's Big Five banks — typically 4.5/5 in app stores. The app offers intuitive navigation, instant Interac e-Transfers, real-time notifications, TD Card Controls (lock/unlock instantly), and the TD MySpend budgeting tool. The EasyWeb online banking platform is also consistently rated among the best of the big banks for usability.
US Banking: TD's Unique Position
TD Bank USA is a full-service US retail bank operating under the same green banner as TD Canada Trust across the US eastern seaboard and beyond. Canadian TD customers can open US TD Bank accounts with minimal friction, transfer funds between Canadian and US accounts at preferential rates, and access thousands of US ATMs. For snowbirds, cross-border workers, and Canadians with US real estate, TD's US banking integration is unmatched among the Big Five.
TD Savings Rates: Near Zero
TD's eSavings Account pays approximately 0.01–0.05% — effectively nothing. On a $30,000 emergency fund, that's $3–$15 per year. EQ Bank pays 3.75% on the same balance ($1,125/year). KOHO pays 3.0% ($900/year). The opportunity cost of keeping savings at TD is substantial. If you bank at TD for branch access and mortgages, park your savings elsewhere.
TD Aeroplan Credit Cards
TD's Aeroplan Visa Infinite is one of Canada's best travel credit cards. Earning Aeroplan miles directly (rather than converting from a separate points currency) is a key advantage. The card's Nexus fee rebate, lounge access, and strong earn rate on Air Canada purchases make it valuable for frequent flyers. Paired with Aeroplan's broad airline partner network (Star Alliance), TD's Aeroplan cards are hard to beat for Air Canada loyalists.
TD Pros and Cons
TD Pros
- Longest banking hours of the Big Five
- Best-rated mobile app (4.5/5) among Big 5
- TD Bank USA — seamless US banking
- TD Aeroplan cards — top-tier travel rewards
- Strong newcomer programs
- Highest customer satisfaction scores (Big 5)
- TD Direct Investing — solid platform
- Competitive mortgage products
TD Cons
- Monthly fees $10.95–$29.95
- Savings rates near zero (~0.01%)
- Fewer ATMs than RBC
- Mortgage rates sometimes slightly higher than RBC
- Fee waiver requires $3,000+ minimum balance
- Branch closures in smaller markets
KOHO: Better than TD for Daily Banking
TD charges $10.95–$29.95/month and pays 0.01% on savings. KOHO charges $0 and pays 3.0% — plus a $100 welcome bonus with code 45ET55JSYA. Keep TD for your mortgage; use KOHO for everything else.
Referral code: 45ET55JSYA • Works everywhere in Canada
Bremo Verdict: TD Canada Trust 3.5/5
TD Canada Trust is the best of Canada's Big Five banks for customer experience — longest hours, best app, and seamless US banking. It earns the highest satisfaction ratings among the big banks and its Aeroplan credit cards are genuinely excellent for Air Canada travellers. But the fundamental problem remains: $10.95–$29.95/month in fees for banking that KOHO does for free with a $100 bonus (code 45ET55JSYA). The optimal setup: KOHO for daily spending, EQ Bank (3.75%) for savings, and TD specifically for your mortgage or US banking needs.
Frequently Asked Questions — TD Bank Canada Review
Yes — TD Canada Trust is famous for having the longest banking hours of Canada's Big Five banks. Many TD branches are open on Saturdays, and a smaller number are open Sundays. Weekday evening hours (until 7–8 PM) are also common at many locations. This makes TD particularly accessible for working Canadians who can't visit during standard 9–5 banking hours.
TD Canada Trust offers competitive mortgage rates. While RBC and Scotiabank sometimes post slightly lower advertised rates, TD's actual approved rates for qualified borrowers are often competitive. TD's mortgage application process is strong, with online applications and dedicated mortgage specialists. Pre-approvals and 120-day rate holds help buyers plan confidently. Always negotiate — posted rates are starting points, not final prices.
TD Bank USA operates as a full US retail bank with branches across the eastern US. Canadian TD customers can open a US TD Bank account, transfer funds between countries at preferential rates, and access US ATMs without foreign transaction fees. For snowbirds spending winters in Florida or the Carolinas, cross-border workers, or Canadians with US property, the TD Canada–TD Bank USA connection is a practical advantage no other Big Five bank matches.
Yes, for daily banking. KOHO charges $0/month vs TD's $10.95–$29.95, pays 3.0% on your balance vs TD's ~0.01%, and gives a $100 welcome bonus (code 45ET55JSYA). TD wins for branch access, long banking hours, US banking, and Aeroplan credit cards. Many Canadians use KOHO for daily spending, EQ Bank for savings, and TD solely for their mortgage or US banking needs — getting the best of both worlds.
TD edges out RBC on customer satisfaction, mobile app quality, and US banking. RBC wins on ATM network size (4,900 vs 3,500) and often posts slightly lower mortgage rates. For most Canadians' day-to-day banking, the difference is small. TD is preferred by those who value banking hours flexibility and TD Bank USA access; RBC is better for ATM coverage and Avion rewards. See our full RBC vs TD comparison for a detailed breakdown.
Disclosure: Bremo may earn a referral commission if you open a KOHO account using our link. This does not affect our review or ratings. All rates accurate as of March 2026. Not financial advice.