Personal Finance

TD Chequing Acct fee changes

  • Last Updated:
  • Jun 3rd, 2017 11:08 am
[OP]
Deal Fanatic
User avatar
Nov 23, 2005
7988 posts
3762 upvotes

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:

Image
11 replies
Deal Guru
User avatar
Oct 3, 2006
10349 posts
697 upvotes
Toronto
Finally, free e-Transfers, but not available to minimum chequing account.
Deal Addict
Jan 2, 2015
1185 posts
291 upvotes
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
User avatar
Oct 3, 2006
10349 posts
697 upvotes
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.
Moderator
User avatar
Mar 23, 2004
36732 posts
3441 upvotes
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.
「もし、奇跡を起こせたら……」
Deal Addict
Aug 3, 2014
4329 posts
1893 upvotes
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 Expert
Aug 22, 2011
17663 posts
5710 upvotes
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.
Member
User avatar
Dec 21, 2007
446 posts
82 upvotes
Scarborough
What about the old grandfathered 'personal chequing accounts'?
I am the Stig's brother's cousin's friend's former roommate.
[OP]
Deal Fanatic
User avatar
Nov 23, 2005
7988 posts
3762 upvotes
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.
Deal Addict
Oct 13, 2006
1561 posts
230 upvotes
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.
Deal Fanatic
User avatar
Oct 1, 2011
5454 posts
1008 upvotes
This fee structure change is beneficial for me.

Top