Personal Finance

TD Chequing Acct fee changes

  • Last Updated:
  • Jun 3rd, 2017 11:08 am
[OP]
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Nov 23, 2005
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TD Chequing Acct fee changes

For most in these plans, this will be a good thing, despite the slight increase in price for the Unlimited Account.

TD Unlimited Chequing Account monthly fees are set to increase $1 from $14.95 per month, to $15.95 per month, starting June 15, 2017.

Previously, fees to send Interac e-Transfers were $0.50 for a transfer up to $100, and $1 for a transfer over $100. As of June 15, they will be free, as detailed in letters to customers:

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11 replies
Deal Guru
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Oct 3, 2006
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Toronto
Finally, free e-Transfers, but not available to minimum chequing account.
Deal Addict
Jan 2, 2015
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Toronto, ON
I don't know if this is better for "most"; do most people send e-transfers that often?

$15.95 is pretty expensive for a chequing account. A free chequing account that costs $2 per e-transfer will cost most people less money.
Deal Guru
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Oct 3, 2006
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Toronto
FoFai2015 wrote:
Apr 19th, 2017 10:41 pm
I don't know if this is better for "most"; do most people send e-transfers that often?

$15.95 is pretty expensive for a chequing account. A free chequing account that costs $2 per e-transfer will cost most people less money.
TD Every Day Chequing Account monthly fee is waived if you maintain $3000 account balance.
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Mar 23, 2004
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Markham
Aznsilvrboy wrote:
Apr 19th, 2017 10:40 pm
Finally, free e-Transfers, but not available to minimum chequing account.
Indeed, but that sorta de-values the SS account since it used to be the only account with free EMTs.
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Deal Addict
Aug 3, 2014
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Why aren't you posting the whole thing?
https://www.tdcanadatrust.com/document/ ... nBox_E.pdf
FoFai2015 wrote:
Apr 19th, 2017 10:41 pm
I don't know if this is better for "most"; do most people send e-transfers that often?

$15.95 is pretty expensive for a chequing account. A free chequing account that costs $2 per e-transfer will cost most people less money.
I sent 29 e-Transfers in about 5 weeks because it is free at RBC. :lol:
Scotiabank just started giving 2 free each month. It is surprising that TD is being more generous than Scotiabank.
Deal Guru
Aug 22, 2011
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Ottawa
FoFai2015 wrote:
Apr 19th, 2017 10:41 pm
I don't know if this is better for "most"; do most people send e-transfers that often?

$15.95 is pretty expensive for a chequing account. A free chequing account that costs $2 per e-transfer will cost most people less money.
I send e-transfers everyday.
Deal Expert
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Aug 18, 2005
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I'm almost incredulous at saying this - We could actually be seeing an instance of real competition between between the mega banks! I'm actually shocked that RBC even came out with the free EMT, which is a rare 'true improvement' their services.
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Dec 21, 2007
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What about the old grandfathered 'personal chequing accounts'?
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[OP]
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Conundrum1911 wrote:
Apr 20th, 2017 11:34 am
What about the old grandfathered 'personal chequing accounts'?
Grandfathered accounts such as the Value, Preferred and Plan 60 do not get free e-transfers.
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Oct 13, 2006
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Burnaby
Jucius Maximus wrote:
Apr 20th, 2017 11:23 am
I'm almost incredulous at saying this - We could actually be seeing an instance of real competition between between the mega banks! I'm actually shocked that RBC even came out with the free EMT, which is a rare 'true improvement' their services.
Until they get enough people to adopt it and use it regularly, in which case they will start charging again. Take advantage while you can I guess.
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Oct 1, 2011
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This fee structure change is beneficial for me.

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