Personal Finance

Locked: Anyone used their TD Line of Credit ( LOC ) as a chequing account?

  • Last Updated:
  • May 15th, 2015 12:41 pm
Deal Expert
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Apr 21, 2004
56486 posts

Anyone used their TD Line of Credit ( LOC ) as a chequing account?

It seems, TD does offer LOC cheques: ... =e00ba32c1 ... redit.jsp#
Convenient access
Access your credit through your TD Access Card1, cheques and EasyWeb online banking.

For RBC, only the first two LOC cheques are free of charge with subsequent cheques drawn from the LOC incurring $2 each.

Any one use their TD LOC as a chequing account? I plan to close our dormant investment accounts as well as our primary TD chequing if I can just drawn from the LOC using LOC cheques.

Thank you.
3 replies
Deal Addict
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Jun 22, 2007
1387 posts
London, ON
banks-loc-account-can-best-used-free-ch ... t-1463101/

I havn't officially closed my TD chequing (minimum $3.95) account but I do transfer money into my LOC and pay all my bills from there to save transactions. Basically do it this way just in case I need in branch service. I have my Tangerine bank account set up so I can pull from the TD LOC as well. LOC is set up as 'savings' on my debit card for ATM access.

Only question I have. If I make a withdrawal from an ATM out of country on my LOC 'savings', is there a transaction fee charged on TD's end?
Deal Fanatic
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Jun 3, 2006
8661 posts
12 days north of Hop…
Me. No issues with mine, but I only used the cheques to set up the preauthorized debit for my condo fees and mortgage. All the other transactions are just bill payments.
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Mar 23, 2004
47193 posts
As it was posted above, there is already a thread on this. Therefore I will close this thread.

And yes, I do use my TD LOC as a chequing account after I closed AI.


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