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 $30.95/month (waived at $6,000, confirmed via td.com and aggregator cross-checks, September 2026). As of March 12, 2026, the NSF fee is capped at $10 under federal regulation. Non-TD ATM fee: $2.00 within Canada.
Quick answer: TD monthly fee: $10.95 (Everyday Chequing). Fee waiver: $4,000 minimum daily balance. TD All-Inclusive: $30.95/month, waived at $6,000. NSF fee: capped at $10 since March 12, 2026. Non-TD ATM: $2.00 + operator fee. International ATM: $5.00 + fee.
Verify fees at td.com — 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 Plan | $30.95 | Unlimited | $6,000 minimum daily |
| TD Student Chequing | $0 | 25/month | N/A (student verification required) |
Fees confirmed via td.com and aggregator cross-checks, September 2026.
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 — illustrative, confirm current HISA rates before relying on this: Keeping $4,000 idle in a TD chequing account vs a competitive HISA:
- Annual fee without waiver: $131.40
- Illustrative opportunity cost of $4,000 at a competitive HISA rate (confirm current rate — e.g. EQ Bank’s confirmed September 2026 bonus rate of 2.75%): ~$110/year
- Total cost of keeping funds in TD to waive the fee: the foregone interest, confirmed at current rates
- vs just paying the fee: $131.40/year
Whether paying the fee and keeping money in a HISA costs less than the forgone interest on the waiver balance depends on the current confirmed HISA rate — run the comparison with today’s rate before deciding.
All-Inclusive ($30.95) waiver calculation:
- Annual fee without waiver: $371.40
- Illustrative opportunity cost of $6,000 at a competitive HISA rate: confirm current rate before estimating
- Compare the current fee-without-waiver cost against the foregone interest on $6,000 at your chosen HISA’s confirmed rate to decide whether maintaining the balance makes sense for you
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) | Capped at $10 (federal rule, effective March 12, 2026) |
| Overdraft protection (monthly) | Monthly fee + ~21% interest (confirmed at td.com, September 2026) |
| 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 (since March 12, 2026) |
|---|---|---|---|---|
| TD | $10.95 | $16.95 | $4,000 | Capped at $10 |
| RBC | $10.95 | $16.95 | $4,000 | Capped at $10 |
| Scotiabank | $3.95 | $16.95 | $4,000 | Capped at $10 |
| CIBC | $4.95 | $14.95 | None (Smart Plus: $6,000) | Capped at $10 |
| BMO | $11.95 | $17.95 | $4,000 | Capped at $10 |
| EQ Bank | $0 | N/A | N/A | Declines transaction (no fee) |
Fees confirmed via bank websites and aggregator cross-checks, September 2026. All federally regulated banks are capped at $10 per NSF occurrence as of March 12, 2026.
The Big 5 banks have broadly similar mid-tier fee structures, most waivable around $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 $30.95/month ($371.40/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 on select cards — confirm current rebate amount at td.com
- Fee waived at $6,000 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 pays interest on your everyday balance (confirmed 1.00% base / up to 2.75% with qualifying direct deposit as of September 2026)
Related Articles
- TD e-Transfer Limit 2026
- TD ATM Withdrawal Limit 2026
- TD Routing Number & Transit Number
- TD Branch Hours 2026
- Best Chequing Accounts Canada
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