Chequing account · TD Canada Trust
TD Canada Trust Minimum Chequing Account: fees and true cost
TD Canada Trust’s Minimum Chequing Account charges $3.95/mo, no balance waiver, with 12 a month transactions. For our “Everyday” example that comes to $482 a year, #86 of 106 chequing accounts offered in Ontario.
CDICOffered in AB, BC, ON, QC
Fees retrieved November 1, 2026
Mitey tallies a year of TD Canada Trust’s Minimum Chequing Account: $482 for the Everyday profile.
How much does Minimum Chequing Account from TD Canada Trust cost a year?
For a typical household (43 transactions and a $1,000 low balance a month), Minimum Chequing Account costs $482 a year, #86 of 106 chequing accounts offered in Ontario. The monthly fee is $3.95. Cheaper for the same banking: Personal Account at EQ Bank ($0). Eligible deposits are insured by CDIC up to $100,000 per category.
Who does TD Canada Trust Minimum Chequing Account suit?
- Best fit: the Light profile (mostly card and app, small balance), where it ranks #49 of 106 chequing accounts offered in Ontario. It costs most for the Heavy profile: $948 a year.
- Allowance: 12 transactions a month (up to 2 in branch); each one beyond that costs $1.25, so 10 more a month adds $150 a year.
- Versus the cheapest: for everyday use it costs $482 a year more than Personal Account (EQ Bank), $2,412 over five years.
What would it cost you in a year?
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $155 | Monthly fee $3.95; extra transactions $9.00/mo | 49 of 106 |
| Everyday Household account, a few e-Transfers | $482 | Monthly fee $3.95; extra transactions $34.24/mo | 86 of 106 |
| Heavy Lots of card, bill and e-Transfer payments | $948 | Monthly fee $3.95; extra transactions $71.03/mo | 80 of 106 |
| Branch and cheques Teller visits, cheques, paper statement | $227 | Monthly fee $3.95; extra transactions $15.00/mo | 58 of 94 |
Try your own numbers in the true-cost finder.
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | $3.95/mo, no balance waiver |
| Included transactions | 12 a month |
| Debit purchase in Canada (beyond included) | $1.25 |
| Online or mobile bill payment | $1.25 |
| Interac e-Transfer | No extra fee |
| Online transfer between your accounts | $1.25 |
| Own-bank ATM withdrawal | $1.25 |
| Withdrawal at another institution’s ATM | $2.00 |
| ATM withdrawal in the United States | $4.25 |
| ATM withdrawal in other countries | $6.25 |
| Debit purchase in the United States | $1.25 |
| In-branch withdrawal | $1.25 |
| Bill payment in branch | $1.25 |
| Cheque (as a payment) | $1.25 |
| Mailed monthly statement | No extra fee |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | $5.00 |
| Overdraft protection, per use | $5.00 |
| Overdraft interest | 21% a year |
Notes from the institution
You pay no monthly fee if you are: A senior (60 years or older) collecting Guaranteed Income Supplement, A beneficiary of a Registered Disability Savings Plan
Lower prices for some customers
| Who | Monthly fee | Source |
|---|---|---|
| Newcomers to Canada, for 1st year in Canada | No monthly fee | TD Canada Trust |
Is the money protected?
CDIC member. Eligible deposits are covered up to $100,000 per category at each CDIC member — see the deposit safety tool.
Cheaper for everyday use, at other institutions
- Personal Account (EQ Bank) — $0 a year
- Wealthsimple Chequing (Wealthsimple) — $0 a year
- 1Q Chequing Account (KEB Hana Bank Canada) — $0 a year
Other chequing accounts at TD Canada Trust
- All-Inclusive Banking Plan — $30.95/mo, or $0 with a $6,000 minimum balance
- Every Day Chequing Account — $11.95/mo, or $0 with a $3,000 minimum balance
- TD Student Chequing Account — No monthly fee
- TD Unlimited Chequing Account — $17.95/mo, or $0 with a $4,000 minimum balance
Source: FCAC Account Comparison Tool (data submitted by the institution), retrieved November 1, 2026 · TD Canada Trust’s product page
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