Updated: April 2025  |  bremo.io financial guides

TD Bank Chequing Accounts Review 2025

TD Canada Trust is Canada's largest bank by number of branches and consistently ranks among the most used banks in the country. TD's chequing account lineup covers a wide range of needs, from basic low-fee accounts to all-inclusive premium packages. Here's an honest look at what TD offers and what it costs.

TD Chequing Accounts Lineup

TD Every Day Chequing — $10.95/month

Includes 12 monthly transactions, unlimited Interac e-Transfers, and basic features. The $10.95 monthly fee is not waiveable. This is TD's entry-level paid account. For anyone doing more than 12 transactions per month, this account will rack up additional transaction fees.

TD Minimum Chequing — $3.95/month

TD's lowest-cost account with very limited transactions (12/month). Designed for minimal banking users. Monthly fee is fixed.

TD Select Chequing — $14.95/month

Unlimited TD transactions (debit, ATM, online) and 25 Interac e-Transfers per month. Fee waived with $2,000 minimum daily balance.

TD Unlimited Chequing — $16.95/month

Unlimited transactions, unlimited e-Transfers, no foreign ATM fee rebates. Fee waived with $4,000 minimum daily balance. One of TD's most popular accounts for everyday users.

TD All-Inclusive Banking Plan — $29.95/month

TD's premium account includes unlimited transactions, free annual fee on some TD credit cards, premium services, and a fee rebate for one family member. Fee waived with $5,000 minimum daily balance. Includes some cross-border benefits.

TD vs Free Alternatives

Feature	TD Unlimited ($16.95/mo)	Simplii/KOHO ($0/mo)
Monthly fee	$16.95 (waiveable)	$0
Transactions	Unlimited	Unlimited
e-Transfers	Unlimited	Unlimited
Branch access	Yes, nationwide	No
Mortgage products	Yes	No
Investment accounts	Yes	No

TD Chequing: Pros and Cons

Pros:

• Largest branch network in Canada — convenient for in-person banking
• Extended branch hours including evenings and weekends
• Excellent mobile and online banking platform
• One-stop banking — mortgage, investments, insurance all at TD
• Monthly fee waiveable with minimum balance at higher tiers
• Strong U.S. banking presence for cross-border customers (TD Bank USA)

Cons:

• Monthly fees are high compared to free alternatives
• Entry-level accounts have limited transactions
• Minimum balance requirements to waive fees can be substantial ($4,000–$5,000)
• Savings rates are typically low

Verdict

TD offers excellent banking quality but charges premium prices. For Canadians who use branches regularly and want comprehensive services in one place, TD Unlimited or All-Inclusive are solid choices — particularly if you can maintain the balance to waive fees. For everyday banking without branch needs, KOHO or Simplii Financial eliminate fees entirely.