TD Bank Canada’s most popular chequing account, the TD Everyday Chequing, costs $10.95/month and is waived when you maintain a $4,000 minimum daily balance. The premium TD All-Inclusive Banking Plan is $29.95/month (waived at $5,000). NSF fee is $48. Non-TD ATM fee: $2.00 within Canada.
Quick answer: TD monthly fee: $10.95 (Everyday Chequing). Fee waiver: $4,000 minimum daily balance. NSF fee: $48. Non-TD ATM: $2.00 + operator fee. International ATM: $5.00 + fee.
Verify fees at td.com or call 1-866-222-3456 — fees may change and individual accounts may have different rates.
TD Chequing Account Fees 2026
| Account | Monthly Fee | Transactions | Fee Waiver Balance |
|---|---|---|---|
| TD Minimum Chequing | $3.95 | 12/month | None |
| TD Everyday Chequing | $10.95 | 25/month | $4,000 minimum daily |
| TD All-Inclusive Banking | $29.95 | Unlimited | $5,000 minimum daily |
| TD Student Chequing | $0 | 25/month | N/A (student verification required) |
Transactions exceeding the monthly allowance on the Everyday plan incur an additional $1.25 per transaction. On the All-Inclusive plan, all transactions are unlimited at no additional charge.
TD Fee Waiver Analysis
The monthly fee waiver requires the minimum daily balance to be maintained on every day of the month. A single day where the balance drops below the threshold triggers the full monthly fee — even if the balance recovers the next day.
Everyday Chequing ($10.95) waiver calculation: Keeping $4,000 idle in a TD chequing account vs investing it:
- Annual fee without waiver: $131.40
- Opportunity cost of $4,000 at 4.5% HISA (e.g., EQ Bank): $180/year
- Total cost of keeping funds in TD to waive fee: $180/year in forgone interest
- vs just paying the fee: $131.40/year
Mathematically, paying the fee and keeping money in a HISA often costs less than the forgone interest on the waiver balance. This math holds for the Everyday Chequing account.
All-Inclusive ($29.95) waiver calculation:
- Annual fee without waiver: $359.40
- Opportunity cost of $5,000 at 4.5%: $225/year
- At this tier, maintaining the $5,000 balance saves $134/year vs paying the fee
TD Transaction Fees
| Transaction Type | Everyday Chequing | All-Inclusive |
|---|---|---|
| Cheque written | Counts as 1 transaction | Unlimited |
| ATM withdrawal (TD) | Counts as 1 transaction | Unlimited |
| Debit purchase | Counts as 1 transaction | Unlimited |
| Bill payment | Counts as 1 transaction | Unlimited |
| Interac e-Transfer (send) | Counts as 1 transaction | Unlimited |
| Excess transaction fee | $1.25 each | N/A |
TD Penalty and Service Fees
| Fee Type | Amount |
|---|---|
| NSF (non-sufficient funds) | $48.00 per occurrence |
| Overdraft protection (monthly) | $5.00/month + 21% interest |
| Overdraft per-use (if applicable) | Varies by plan |
| Non-TD ATM (Canada) | $2.00 per transaction |
| International ATM | $5.00 per transaction |
| Foreign currency conversion | ~2.5% |
| Bank draft (certified cheque) | $8.50 |
| Stop payment | $12.50 |
| Account statement reprint | $5.00 per month |
| Dormant account fee | $20.00/year after 2 years inactive |
Comparing TD to Other Big 5 Banks
| Bank | Entry Fee | Mid-Tier Fee | Waiver Balance | NSF Fee |
|---|---|---|---|---|
| TD | $10.95 | $16.95 | $4,000 | $48 |
| RBC | $10.95 | $16.95 | $4,000 | $45 |
| Scotiabank | $10.95 | $16.95 | $4,000 | $48 |
| CIBC | $10.95 | $16.95 | $4,000 | $48 |
| BMO | $10.95 | $16.95 | $4,000 | $48 |
| EQ Bank | $0 | N/A | N/A | $42.50 |
The Big 5 banks have near-identical mid-tier fee structures — $10.95 for their most common plan, all waivable at $4,000. The real differentiation is in branch access, ATM network density, digital features, and customer service reputation. TD leads on branch hours; EQ Bank leads on digital savings rates.
TD Premium Chequing: All-Inclusive Perks
The TD All-Inclusive Banking Plan at $29.95/month ($359.40/year) includes:
- Unlimited transactions (no per-transaction fees)
- Free Interac e-Transfers
- Free non-TD ATM usage in Canada (TD rebates the $2.00 fee)
- One free bank draft per month
- Free cheques (one box per year)
- Free personalized cheques (chequebook)
- TD Visa annual fee rebate (up to $139 on select cards)
- Fee waived at $5,000 minimum daily balance
For customers who use 50+ transactions per month and want the Visa annual fee rebate, the All-Inclusive plan can be worth the premium.
How to Reduce or Eliminate TD Fees
- Maintain the waiver balance — keep $4,000 in your Everyday Chequing account every day of the month
- Downgrade to Minimum Chequing — if you make fewer than 12 transactions/month, save $7/month
- Student status — enrol in TD Student Chequing while in school ($0/month)
- Senior discounts — TD offers reduced fees for customers 60+ through the TD Senior account options
- Bundle with TD mortgage — some TD mortgage clients qualify for account fee rebates
- Consider EQ Bank — EQ Bank’s Personal Account is free with no minimum balance and earns high-interest savings rate on all deposits
Related Articles
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- TD ATM Withdrawal Limit 2026
- TD Routing Number & Transit Number
- TD Branch Hours 2026
- Best Chequing Accounts Canada
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