TD Bank Every Day Business Plan A
Chequing
Description:
TD Canada Trust offers an Every Day Service Plan A chequing account, as a cost-effective way to conduct business banking, with a monthly plan fee of $19.00.
Comments on Funding:
This account offers the following details and benefits:
Account Details:
a. Monthly Plan Fee: $19;
b. Fee Rebate with Minimum Monthly Balance: $20,000;
c. Transactions included per month: 20,
d. Additional Transaction Fee: $1.25 each;
e. Deposit items included per month: 50;
f. Additional Deposit Item Fee: $0.22 each;
g. Cash Deposits Included per month: $5,000;
h. Additional Cash Deposit Fee: $2.50 per $1,000.
Benefits:
1. All Every Day Service Plans include 2 free monthly e-Transfers to send or request money using Interac e-Transfer®.
2. Capability to send Additional Remittance Details (subject to a fee of $0.50).
3. $10 monthly fee rebate on Business Overdraft Protection.
4. All debit and credit card deposits credited to your account through POS terminals, are non-chargeable transactions and are not subjected to transaction and deposit item limits.
Continuous Intake
Eligibility:
Applicants must be businesses.
Application Steps:
To open an account, talk to an Account Manager Small Business (AMSB) to discuss their business needs or talk to a Small Business Specialist at the Bank’s Small Business Advice Centre: 1-866-222-3456.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
1. Included Business Overdraft Protection is available only on Canadian dollar accounts. Subject to complying with TD Canada Trust lending policies and criteria.
2. The monthly plan fee will be rebated when cardholders’ daily balance is greater than or equal to the required amount throughout the month.
3 Deposit items are cheques (including cheque image through TD Remote Deposit Capture and TD Mobile Deposit), money orders, drafts and all other clearing items.
4 Cash deposits are paper currency and coins, rounded to the nearest dollar.
About the author
Maurice
