TD Canada Trust is Canada’s second-largest bank by assets and the most branch-accessible of the Big 5, with over 1,100 branches operating extended “Better Hours” — evenings until 6 pm and Saturdays at most locations. Monthly chequing fees range from $0 to $29.95, and the daily e-Transfer limit is $3,000. Institution number: 004. SWIFT code: TDOMCATTTOR. Main line: 1-866-222-3456.
TD Bank Canada at a Glance
| Feature | Detail |
|---|---|
| Institution number | 004 |
| SWIFT/BIC code | TDOMCATTTOR |
| Customer service | 1-866-222-3456 (24/7) |
| International phone | 1-519-981-9030 |
| Monthly fees | $0 – $29.95 |
| ABM network | 3,500+ ATMs across Canada |
| ATM daily withdrawal limit | $1,000 |
| Debit daily purchase limit | $5,000 |
| e-Transfer daily limit | $3,000 |
| e-Transfer 7-day limit | $10,000 |
| Wire transfer (domestic) | ~$15–$25 |
| Wire transfer (international) | ~$25–$50 |
| Loyalty program | TD Rewards / Aeroplan (via Visa) |
Who Is TD Best For?
TD Canada Trust is the strongest choice for Canadians who prioritise branch accessibility and extended hours. Most TD branches are open until 6 pm on weekdays and until 4 pm on Saturdays — a meaningful advantage over BMO, Scotiabank, and CIBC, which typically close at 5 pm on weekdays with limited Saturday coverage. This makes TD ideal for working Canadians who can’t easily visit a bank during standard 9-to-5 hours. TD is also a leading US banking alternative through its ownership of TD Bank US, making cross-border banking relatively seamless for Canadians who frequently travel to or work in the United States.
TD Chequing Accounts
TD offers four primary personal chequing plans in 2026, from a basic low-fee account to an all-inclusive premium package.
TD Minimum Chequing Account ($3.95/month): Twelve debit transactions per month; each additional transaction is $0.65. No fee waiver. Designed for very low-use customers. e-Transfers count toward the 12-transaction monthly limit.
TD Everyday Chequing ($10.95/month): Twenty-five transactions per month included, with each additional transaction costing $0.65. Monthly fee is waived when you maintain a $4,000 minimum daily closing balance. Includes unlimited Interac e-Transfers.
TD All-Inclusive Banking Plan ($29.95/month): Unlimited debit transactions, unlimited e-Transfers, unlimited bill payments, annual fee rebate on eligible TD credit cards, free drafts and money orders, and a USD account. Fee waived with a $5,000 minimum daily balance.
TD Student Chequing ($0/month): Free unlimited banking for full-time post-secondary students in Canada. No minimum balance, no per-transaction fees, and 25 transactions included — unlimited e-Transfers free.
| Account | Monthly Fee | Fee Waiver Balance | Transactions |
|---|---|---|---|
| TD Minimum Chequing | $3.95 | None | 12/month |
| TD Everyday Chequing | $10.95 | $4,000 | 25/month |
| TD All-Inclusive Banking | $29.95 | $5,000 | Unlimited |
| TD Student Chequing | $0 | None | 25/month (unlimited e-Transfers) |
How TD Fees Work — and When They’re Waived
TD assesses monthly fees at the end of each statement period. The fee waiver requires the minimum balance to be met on every calendar day within the billing month — not as an average, and not on a single reference date. A single day at $3,999 in an Everyday Chequing account will result in the full $10.95 charge for that month.
Worked example: A single professional maintains $4,000 in their TD Everyday Chequing account every day. They avoid the $10.95 monthly fee, saving $131.40/year. However, they are limited to 25 debit transactions per month. If they make 30 transactions in a busy month, the extra 5 transactions cost $3.25 — still well ahead of a flat monthly fee on an unlimited account. To avoid overage fees, consider moving to the All-Inclusive plan if you regularly exceed 25 transactions.
Additional transactions on the Minimum account are $0.65 each. On the Everyday account, the 25-transaction cap includes debit purchases and bill payments — e-Transfers do not count toward the cap and are unlimited on all plans except Minimum.
TD Key Limits
| Service | Limit |
|---|---|
| ATM daily withdrawal | $1,000 |
| Daily debit purchase limit | $5,000 |
| e-Transfer daily send limit | $3,000 |
| e-Transfer 7-day send limit | $10,000 |
| Mobile cheque deposit (daily) | $10,000 |
| Mobile cheque deposit (30-day) | $15,000 |
| Wire transfer (online, personal) | ~$25,000 |
TD’s ATM network of 3,500+ machines is competitive with Scotiabank and larger than BMO. TD ATMs are typically found in branches, Loblaw grocery stores, and select Shoppers Drug Mart locations. The $1,000 daily withdrawal limit is standard across the Big 5. To temporarily increase your limit for a specific purpose (e.g., purchasing a used vehicle), call 1-866-222-3456 with your ID and account number ready.
TD Pros and Cons
| Pros | Cons |
|---|---|
| Extended branch hours — evenings and Saturdays | Everyday account limited to 25 transactions (not unlimited) |
| Over 1,100 branches — most accessible Big 5 | Minimum account only 12 transactions/month |
| Strong ATM network (~3,500+) | $4,000 balance needed to waive Everyday Chequing fee |
| TD US banking integration for cross-border use | All-Inclusive fee ($29.95) requires high $5,000 waiver balance |
| 24/7 phone support with live agents | No dedicated no-fee digital bank subsidiary |
| EasyWeb online banking — well-rated app | Interest on chequing account balances is negligible |
How to Open a TD Account
- Apply online at td.com or visit any TD Canada Trust branch. TD branches in major cities are typically open six days a week, including Saturday mornings.
- Provide two pieces of ID — a government-issued photo ID (passport, driver’s licence, or permanent resident card) plus a secondary document such as a utility bill or SIN card.
- Make an opening deposit — online applicants can fund via Interac e-Transfer or inter-bank EFT. Branch applicants can deposit cash or cheques. No minimum opening balance is required.
- Activate EasyWeb and the TD app — set up TD EasyWeb online banking and download the TD app on iOS or Android. An instant-issue debit card may be available in some branches; otherwise your card arrives by mail in 5–7 business days.
TD Banking Guides
Account & Fees
- TD Fees 2026 — Complete monthly fee breakdown and how to avoid them
- TD Branch Hours 2026 — Full branch hours schedule including evenings and Saturdays
Transfers & Payments
- TD e-Transfer Limit 2026 — Daily, weekly, and monthly Interac e-Transfer limits
- TD Wire Transfer Limit 2026 — Domestic and international wire fees, limits, and processing times
- TD Routing Number 2026 — Institution number 004, branch transit numbers, and void cheque guide
Cash & Deposits
- TD ATM Withdrawal Limit 2026 — Daily cash limits, debit purchase caps, and how to request an increase
- TD Mobile Deposit Limit 2026 — Cheque deposit limits via the TD app and hold times
Tips for Getting the Most from TD Canada Trust
Use extended hours to your advantage. TD’s “Better Hours” aren’t available at every location — find a branch near you that’s open until 6 pm or on Saturdays using the TD branch locator at td.com. Evening banking is one of TD’s clearest practical advantages over most other Big 5 banks.
Watch your 25-transaction cap on Everyday Chequing. TD Everyday Chequing includes 25 debit transactions per month. Check your monthly transaction count in EasyWeb or the TD app around week three of your billing period. If you’re close to the limit, switch larger remaining purchases to credit until the next billing period resets.
Consider TD for US banking. TD owns TD Bank US, meaning Canadian TD clients can open US dollar accounts and access TD US branches when travelling or living in the United States. This integration is comparable to BMO’s US banking advantage and ahead of Scotiabank and CIBC.
Leverage the TD All-Inclusive plan credit card rebate. The All-Inclusive Banking Plan ($29.95/month, or free at $5,000) includes an annual fee rebate on a TD credit card — typically valued at $139. If you carry a TD First Class Travel Visa Infinite or Cobalt equivalent, the rebate can make the All-Inclusive plan effectively pay for itself.
Enable TD SMS alerts. Set a low-balance SMS alert at $4,200 in EasyWeb if you’re waiving the Everyday Chequing fee with a $4,000 balance. This gives you time to transfer funds before a brief dip triggers that month’s $10.95 fee.
How TD Compares to Competitors
| Feature | TD | RBC | BMO |
|---|---|---|---|
| Institution # | 004 | 003 | 001 |
| Everyday unlimited fee | $10.95 | $10.95 | $15.95 |
| Fee waiver balance | $4,000 | $4,000 | $4,000 |
| ATM network | ~3,500 | ~4,000 | ~2,900 |
| Extended hours | Yes (evenings + Sat) | Some | Some |
| US banking | TD US | RBC US | BMO US |
Related Canadian Banking Guides
- Best Chequing Accounts in Canada 2026 — TD vs. RBC vs. Scotiabank vs. digital banks compared
- Best High-Interest Savings Accounts in Canada 2026 — Top HISA rates for Canadians
- Canadian Bank Institution Numbers — Complete List — Every bank’s 3-digit routing code
← Back to Canadian Banking Guides
The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy