Chequing account · TD Canada Trust
TD Student Chequing Account: fees and true cost
TD Canada Trust’s TD Student Chequing Account charges no monthly fee, with unlimited transactions. For our “Everyday” example that comes to $24 a year, #12 of 107 chequing accounts offered in Ontario.
CDICStudentsOffered in AB, BC, ON, QC
Fees retrieved November 1, 2026
Mitey tallies a year of TD Canada Trust’s TD Student Chequing Account: $24 for the Everyday profile.
How much does TD Student Chequing Account from TD Canada Trust cost a year?
For a typical household (43 transactions and a $1,000 low balance a month), TD Student Chequing Account costs $24 a year, #12 of 107 chequing accounts offered in Ontario. There is no monthly fee. 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 Student Chequing Account suit?
- Best fit: the Branch and cheques profile (teller visits, cheques, paper statement), where it ranks #1 of 95 chequing accounts offered in Ontario. It costs most for the Heavy profile: $48 a year.
- Allowance: unlimited everyday transactions, so heavier use doesn’t add fees.
- Versus the cheapest: for everyday use it costs $24 a year more than Personal Account (EQ Bank), $120 over five years.
What would it cost you in a year?
| Usage | Fees a year | Why | Rank |
|---|---|---|---|
| Light Mostly card and app, small balance | $0 | No monthly fee | 8 of 107 |
| Everyday Household account, a few e-Transfers | $24 | No monthly fee | 12 of 107 |
| Heavy Lots of card, bill and e-Transfer payments | $48 | No monthly fee | 13 of 107 |
| Branch and cheques Teller visits, cheques, paper statement | $0 | No monthly fee | 1 of 95 |
Try your own numbers in the true-cost finder.
Every fee FCAC lists for this account
| Item | Fee |
|---|---|
| Monthly fee | No monthly fee |
| Included transactions | Unlimited |
| Debit purchase in Canada (beyond included) | No extra fee |
| Online or mobile bill payment | No extra fee |
| Interac e-Transfer | No extra fee |
| Online transfer between your accounts | No extra fee |
| Own-bank ATM withdrawal | No extra fee |
| Withdrawal at another institution’s ATM | $2.00 |
| ATM withdrawal in the United States | $3.00 |
| ATM withdrawal in other countries | $5.00 |
| Debit purchase in the United States | No extra fee |
| In-branch withdrawal | No extra fee |
| Bill payment in branch | No extra fee |
| Cheque (as a payment) | No extra fee |
| Mailed monthly statement | No extra fee |
| Non-sufficient funds (NSF) | $10.00 |
| Overdraft protection, monthly | No extra fee |
| Overdraft protection, per use | $5.00 |
| Overdraft interest | 21% a year |
Interest
| Balance | Rate (annual) |
|---|---|
| $0 and up | 0.01% |
Notes from the institution
NA
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
- Minimum Chequing Account — $3.95/mo, no balance waiver
- 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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