TD Bank Unlimited Business Plan
Chequing
Description:
TD Canada Trust offers a TD Unlimited Business Plan chequing account for businesses to enjoy unlimited transactions and additional banking benefits.
Comments on Funding:
This account offers the following account details and benefits:
Account Details:
a. Monthly Plan Fee: $125.00;
b. Fee Rebate with Minimum Monthly Balance: $65,000;
c. Transactions included per month: Unlimited;
d. Deposit items included per month: Unlimited;
e. Cash Deposits included per month: $25,000.
f. Additional Cash Deposit Fee: $2.50 per $1,000.
Benefits:
1. Annual rebate of the $149 Annual Fee3 for the TD® Aeroplan® Visa* Business Card or TD Business Travel Visa Card;
2. Waiver of set-up fees for Small Business Banking term loans of up to a maximum aggregate amount of $500 per year;
3. $10 monthly fee rebate on Business Overdraft Protection;
4. Additional savings: Cash Management Set-Up fee waived for Wire Payment Services, Incoming Wire Notification Service, Balance Reporting and Payments and Transfers Service, Remote Deposit Capture, and one Electronic Fund Transfer Originator ID;
5. Free Interac e-Transfer®.
Continuous Intake
Eligibility:
Applicants must be businesses.
Application Steps:
To open an account, applicants must 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. Minimum daily closing balance required to rebate monthly plan fee. The Minimum Monthly Balance must be maintained throughout the month to qualify for the fee rebate.
2. Deposit items are cheques (including cheque images through TD Remote Deposit Capture and TD Mobile Deposit), money orders, drafts and all other clearing items.
3. $149, as a rebate of the $149 Annual Fee (the “Rebate”), applies only to the account opened for the TD Business Travel Card or TD Aeroplan Business Card with the Annual Fee of $149 issued in the name of the business (the “Account”). The Rebate applies each year that the Account and the TD Unlimited Business Plan (the “Plan) remain open and in good standing. The Rebate will apply to only one Account and does not apply to any additional TD Business Travel Cards or TD Aeroplan Business Cards issued in the name of the same business. TD reserves the right to limit the number of Accounts and Plans opened by any business. The Annual Fee will be rebated within 2 monthly statements from the date of the charge. Other conditions may apply.
4. Business Overdraft Protection is available only on Canadian dollar accounts. Subject to complying with TD Canada Trust lending policies and criteria.
5 Cash Deposits are paper currency and coins, rounded to the nearest dollar.
About the author
Maurice
