TD Chequing Accounts Canada 2026 — All Plans Compared

Updated March 2026 · 10 min read

TD Bank is Canada's largest bank by retail customers. TD offers five main personal chequing account tiers, ranging from a $10.95/month basic plan to a $30.95/month all-inclusive package. Here's everything you need to know to choose — or decide whether to skip TD altogether.

TD Chequing Accounts — Full Comparison Table

TD Minimum Chequing Account — $3.95/month

TD's entry-level account is best for people who do fewer than 12 transactions per month. Twelve debits are included; additional transactions cost $1.25 each. Interac e-transfers cost $1.50 to send. There is no balance-based fee waiver — you pay $3.95 regardless of your balance. For very light users, this can be cost-effective, but KOHO at $0 is almost always cheaper.

TD Every Day Chequing — $10.95/month

TD's mid-entry account includes 25 transactions per month and e-transfers at $1.50 each. The $10.95 monthly fee is waived if you maintain a minimum daily balance of $3,000. This is TD's most commonly recommended starter plan. If you frequently send e-transfers, the $1.50 fee adds up quickly compared to unlimited plans.

• 25 debit transactions included monthly
• $1.25 per transaction over 25
• Interac e-transfer: $1.50 to send
• Monthly fee waived with $3,000 minimum daily balance
• Overdraft protection available (separate enrollment, $5 monthly or $5/use)

TD Unlimited Chequing — $16.95/month

TD's most popular account for everyday Canadians. Unlimited debit transactions and free Interac e-transfers make it genuinely unlimited for typical use. The $16.95 fee is waived with a $4,000 minimum daily balance.

• Unlimited debit transactions
• Free Interac e-transfers (send and receive)
• Free Interac Flash (contactless)
• Monthly fee waived with $4,000 minimum daily balance
• $1.50 per non-TD ATM withdrawal in Canada

TD All-Inclusive Banking Plan — $30.95/month

TD's premium chequing package bundles a wide range of features:

• Unlimited transactions + free e-transfers
• Overdraft protection included (up to $5,000)
• One free non-TD ATM withdrawal per month in Canada
• Free money orders and bank drafts
• Free personalized cheques (one order per year)
• One annual fee rebate on a TD credit card (up to $139 value)
• Fee waived with $5,000 minimum daily balance

The All-Inclusive plan makes financial sense if you're currently paying for a TD credit card annual fee AND need overdraft protection. The credit card rebate alone can offset the entire monthly fee.

TD Student Chequing Account — $0/month

TD waives all monthly fees for post-secondary students under 23. You get unlimited transactions and free e-transfers — the same as the Unlimited plan, at no cost. Requirements: proof of enrollment at an eligible post-secondary institution. The fee waiver continues until you turn 23 or graduate, after which TD converts the account and fees begin.

TD Senior Discount

TD clients aged 60+ receive a $4.00 monthly discount on any personal chequing account. This applies automatically once your birth date on file triggers the discount.

TD Chequing Account Fees Summary

How to Open a TD Chequing Account

1. Visit TD.com or visit any TD Canada Trust branch.
2. Have two pieces of ID ready (one must be government-issued photo ID).
3. Provide your SIN (optional but recommended for tax purposes).
4. Fund your new account with an initial deposit (no minimum required for most plans).

Is TD the Right Choice for You?

TD is Canada's largest physical banking network with over 1,100 branches and 2,500+ ATMs. If you need in-branch service, prefer face-to-face support, or have complex banking needs (business accounts, US dollar banking, mortgage, investments), TD's ecosystem can be worth the premium.

If you only need everyday banking and want to eliminate fees, a digital alternative like KOHO (free) or EQ Bank (free + interest) handles 90% of what TD offers at no cost. See our full best chequing accounts comparison →

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