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Chequing Accounts
What is a Chequing Account?
A chequing account is the most basic transactional account you can have. It’s considered an account you can use every day. You can use your chequing account to conduct the following transactions: Deposits (cash and cheques), withdraw money (at ATMs, bank tellers, etc.), one-time purchases (groceries, gas, etc), one-time or pre-authorized payments, transfers (between accounts of the same institution), Interac e-Transfer® transactions Your funds in this account can be easily accessed at an ATM, online, mobile or in a branch.
Special Offer
Recently Viewed
Special Offer
Recently Viewed
Unlimited transactions for your peace of mindtucal2
Annual fee rebate for the first year on select TD credit cards (up to $139)tucal3
No TD ATM fee at any ATM in Canadatucal4
Free Interac e-Transfer® transactions
Monthly account fee of $16.95 or $0 if you maintain a daily balance of $4,000 or moretaibpl5
Recently Viewed
Recently Viewed
$3.95 Monthly Fee
12 transactionstmcal1 including up to 2 full serve transactions per month
Special Offer
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An account designed for both youths and students, with no monthly fee
Unlimited transactionstucal2 per month
No Monthly Fee for Monthly Plan Overdraft Protection servicetscal4
Free Interac e-Transfer® transactions
$0 Monthly Fee (until 23 years old or with proof of enrollment in full-time post-secondary education)
Frequently Asked Questions
Chequing accounts
To close your TD chequing account, simply visit the TD branch closest to you or call TD Easyline at 1-888-663-3279. Certain conditions may apply.
Chequing accounts are usually used for day-to-day banking needs while savings accounts can help you achieve your savings goals.
Depending on the chequing account type you open, your new chequing account may include free cheques. To view which accounts waive specified cheque fees, please visit the TD Public Site – Personal Bank Accounts page to view account features.
Yes, the Minimum Chequing Account has no monthly fee for seniors 60 years or older collecting Guaranteed Income Supplement and/or beneficiary of a Registered Disability Savings Plan. Conditions apply. The TD Student Chequing Account has no monthly fee with unlimited transactions per month for Students and Youth. Conditions apply.
Yes, you can earn interest on the TD Student Chequing Account and U.S. Daily Interest Chequing Account.
Yes. All TD chequing accounts come with a debit card. You can also add your debit card to your digital wallet. Certain chequing accounts also allow you to make unlimited transactions with your debit card.
Although TD does not require you to open a separate account, it is recommended that you should not use the same chequing account for both personal and business expenses.
Understanding how often you’ll use your chequing account and for what will help determine the type of account and services you need. Some of our chequing accounts will waive the monthly fee if you keep the minimum balance at the end of each day of the month5.
No, however maintaining a minimum balance will waive monthly account fees for the following plans: TD All Inclusive Banking Plan, TD Unlimited Chequing Account and TD Everyday Banking Account.
A chequing account is a spending account that you can use every day to pay bills or for day-to-day purchases. Learn more about the different ways you can use your chequing account.
Most of our accounts can be opened online in less than 5 minutes. Make sure you have a valid email address, employer information, and valid ID (either a valid passport or Canadian driver’s license) to verify your ID.
Other questions you may have
We take your bank account security and privacy very seriously at TD. You can learn more about Your TD Online and Mobile Security Guarantee.
Here are some banking security tips to keep your chequing account safe:
- Sign up for Two-Step Verification
- Do not disclose your username/password
- Monitor your account(s) regularly for unauthorized transactions
Contact us immediately if you experience loss, theft, misuse, or compromise of your account.
Direct deposit allows you to get your employer and government payments deposited directly into your account. It’s convenient, reliable, and secure. Learn more about direct deposit and its benefits
Benefits of banking with TD
Learn more about chequing accounts
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April 25, 2025. The Direct Deposit must occur either weekly, biweekly, monthly, or twice per month.
