Institution profile · Big Six bank (Schedule I)
TD Canada Trust
ActiveThe Toronto-Dominion BankCDIC
The Toronto-Dominion Bank is a Big Six Schedule I bank; TD Canada Trust is its Canadian personal and commercial banking brand. Its U.S. retail business operates as TD Bank, America’s Most Convenient Bank.
Profile facts checked October 30, 2026
Mitey files the TD Canada Trust index card: cheapest everyday account $215 a year.
Is TD Canada Trust a good bank for everyday banking?
TD Canada Trust’s cheapest chequing account open to anyone, TD Unlimited Chequing Account, costs $215 a year for a typical household (25 debit purchases, 6 bills and 5 e-Transfers a month), $144 below the national median of $359. It scores 47.6/100, #9 of 13, in our bank review. Eligible deposits are CDIC-insured to $100,000 per category.
At a glance
- Legal name
- The Toronto-Dominion Bank
- Type
- Big Six bank (Schedule I)
- Head office
- Toronto, ON
- Founded
- 1955 — Formed by the 1955 merger of The Bank of Toronto (1855) and The Dominion Bank (1869).
- Regulator
- Office of the Superintendent of Financial Institutions (OSFI) for safety and soundness; Financial Consumer Agency of Canada (FCAC) for consumer protection
- Cheapest everyday account
- TD Unlimited Chequing Account — $215 a year for the Everyday example
- Best posted savings rate
- 0.55% on $10,000 (TD ePremium Savings Account)
- OBSI banking cases
- 985 opened in fiscal 2025 (Nov 1, 2024 – Oct 31, 2025)
- Website
- www.td.com
Is my money safe at TD Canada Trust?
CDIC member under the TD Canada Trust name. The Canada Trust Company, TD Mortgage Corporation and TD Pacific Mortgage Corporation are separate CDIC members that also use the TD Canada Trust name.
Names CDIC lists for these members: TD Canada Trust.
Our assessment: 47.6/100, #9 of 13 in our bank review
Strongest on branch and ATM access and app rating. Trails on savings rate and complaints per client. Cheapest account for everyday use: $215 a year.
Cost 36 · Access 100 · Savings rate 18 · App rating 86 · Complaints per client 21. How the review works.
What do TD Canada Trust’s chequing accounts cost?
TD Canada Trust lists 5 chequing accounts with FCAC. For our “Everyday” example (25 debit purchases, 6 bills, 5 e-Transfers and a $1,000 low balance a month), the cheapest account open to anyone is TD Unlimited Chequing Account at $215 a year. Accounts limited to a group are marked.
| Account | Monthly fee and waiver | Included | Fees a year |
|---|---|---|---|
| TD Student Chequing AccountStudents | No monthly fee | Unlimited | $24 |
| TD Unlimited Chequing Account | $17.95/mo, or $0 with a $4,000 minimum balance | Unlimited | $215 |
| All-Inclusive Banking Plan | $30.95/mo, or $0 with a $6,000 minimum balance | Unlimited | $371 |
| Every Day Chequing Account | $11.95/mo, or $0 with a $3,000 minimum balance | 25 a month | $406 |
| Minimum Chequing Account | $3.95/mo, no balance waiver | 12 a month | $482 |
- TD Student Chequing Account · student only$24
- TD Unlimited Chequing Account$215
- All-Inclusive Banking Plan$371
- Every Day Chequing Account$406
- Minimum Chequing Account$482
- Cheapest in Canada: Personal Account · EQ Bank$0
- Median nationwide account$359
What would TD Canada Trust cost a typical household?
The cheapest TD Canada Trust account open to anyone for each of our four usage profiles, against the cheapest account in Canada for the same banking. Profiles are defined in the finder.
| Profile | Cheapest at TD Canada Trust | Fees/yr | Cheapest in Canada | Fees/yr |
|---|---|---|---|---|
| Light Mostly card and app, small balance | Every Day Chequing Account | $143 | PC Money Account PC Financial | $0 |
| Everyday Household account, a few e-Transfers | TD Unlimited Chequing Account | $215 | Personal Account EQ Bank | $0 |
| Heavy Lots of card, bill and e-Transfer payments | TD Unlimited Chequing Account | $215 | Personal Account EQ Bank | $0 |
| Branch and cheques Teller visits, cheques, paper statement | Every Day Chequing Account | $167 | Basic Bank Account Scotiabank | $134 |
Worked example — TD Unlimited Chequing Account (TD Canada Trust), Everyday profile
| Monthly fee (not waived: needs $4,000, $3,000 more than the $1,000 low balance) × 12 | $215.40 |
| Transactions beyond the included number (0 a month) × 12 | $0 |
| Other-bank ATM access fees (1 a month) × 12 | $0 |
| Paper statements × 12 | $0 |
| Fees a year | $215.40 |
What savings rates does TD Canada Trust pay?
| Account | Rate at $10,000 | Monthly fee |
|---|---|---|
| TD ePremium Savings Account | 0.55% | No monthly fee |
| TD Growth Savings Account | 0.4% | No monthly fee |
| TD Every Day Savings Account | 0.01% | No monthly fee |
Is TD Canada Trust on the official lists?
| Legal entity | OSFI list | CDIC member |
|---|---|---|
| The Toronto-Dominion Bank | OSFI — Schedule I domestic bank | Yes |
| The Canada Trust Company | OSFI — trust company | Yes |
| TD Mortgage Corporation | OSFI — loan company | Yes |
| TD Pacific Mortgage Corporation | OSFI — loan company | Yes |
What else should you know about TD Canada Trust?
- Head office at the Toronto-Dominion Centre, King Street West and Bay Street, Toronto.Source: td.com
- TD Canada Trust is part of TD’s Canadian Personal and Commercial Banking segment.Source: td.com
- The U.S. Retail segment includes TD Bank, America’s Most Convenient Bank.Source: td.com
- The Bank of Toronto was founded in 1855 and The Dominion Bank in 1869; they merged in 1955.Source: td.com
Your own pattern can change the order. Put your numbers into the true-cost finder to rank TD Canada Trust’s accounts against everyone else’s.
How many TD Canada Trust complaints reached the ombudsman?
OBSI, the ombudsman for banking, opened 985 banking cases about TD Bank Group in fiscal 2025 (Nov 1, 2024 – Oct 31, 2025), closed 717, and resolved 95 to the complainant’s satisfaction. Across all banks and credit unions, OBSI opened 5,438 banking cases that year (+113% on the year before) and 25% of closed cases ended with money paid.
Counts aren’t adjusted for size, so bigger banks have more cases. A complaint reaches OBSI only after the bank’s own process (up to 56 days). Source: OBSI Annual Report 2025, released March 13, 2026. How to complain.
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