TD Canada Trust

What you should know about TD Bank

The TD Bank and its subsidiaries are jointly known as TD Bank Group. Services of the bank are grouped into three main sectors which operate in several financial centers around the world: retail services in Canada, including TD Canada Trust, TD Auto Financing in Canada; TD Wealth Management in Canada, TD Direct Investment, and TD Insurance. Retail services in the United States, including TD Bank, America’s Most Convenient Bank, TD Auto Finance in the United States; TD Wealth Management in the United States and participation in TD Ameritrade; and Wholesale Banking, including TD Securities.

The Bank of Toronto-Dominion Canada Trust is a group of companies headquartered in Toronto, Canada, known primarily as the TD Bank Group, and operates particularly in the financial industry. TD currently has close to 24 million customers in three main operating areas around the world, which are: Retail banking in Canada, retail in the United States, and wholesale banking.

Its creation is due to a merger of services of the Toronto banks whose charter dates back to 1855, and the Dominion Bank, which obtained it in 1869, the operation was registered on February 1, 1955.

Currently, the Bank of Toronto-Dominion (TD) Canada Trust has assets totaling $ 1 trillion Canadian. It is now named one of the world’s leading Internet and mobile financial services companies, with an online customer capital of more than 10 million. The organization is listed on the New York Stock Exchange under the reference (TD).

Here are some important facts you should know about TD Bank:

What is the TD all-inclusive banking package?

 Prestige benefits with the TD all-inclusive banking package. Save on the monthly fees on your checking account 2 and the annual fees on specific credit cards 3, and benefit from advantages such as a small safety deposit box 5 and personalized checks 6 at no cost.

Benefits for you:

  •   Discount on monthly fees if you maintain a balance of $ 5,000 at the end of each day during month 2
  •   Discount on annual fees on select TD 3 credit cards
  •   No TD fees at ATMs other than TD or abroad

Capitalization power and average purchase

The immediate tax benefits of payroll deductions mean that more money is working for you faster and has more time to grow. It also means that employees can profit from the average purchase for investment throughout the year in a more profitable manner.

If you prefer a credit card with no annual fee, TD Bank has 4 options for you: the green TD Visa card, the TD Gold Select Visa card, the TD Driver Premium Visa card which offers you reward points that can be redeemed against your dream vehicle or parts or services, and finally, the TD Cash Back Master card, which can help you accumulate 0.75% cashback on your purchases. For $ 99 a year, you can get a TD Gold Elite Visa card and earn 1.00% cashback on all your purchases.

The specialty of TD Bank credit cards, on the other hand, is the supply of travel reward credit cards. If you need a corporate credit card, TD Bank offers a choice of 4 different cards: 2 basic credit cards and 2 credit cards for travelers.

TD Bank Credit Card Partners

Even though most of the major banks maintain partnerships to offer loyalty programs in various businesses, TD only has one, Aeroplan. With monthly fees ranging from $ 89 to $ 399, TD Bank outperforms the CIBC Aeroplan Card with its higher membership bonus. For example, the TD Aeroplan Visa Platinum card offers a bonus of 10,000 Aero plan points, while the CIBC card offers only 5,000 points for membership.

Personal loan at TD Canada Trust Bank

1- Fixed rate: The rate remains the same for the duration chosen; Ideal if you want structured payments and know exactly when you will have paid off the loan.

2- Variable rate: The rate changes according to the TD prime rate;

Ideally, if you are not concerned about interest rate fluctuations and want to take advantage of lower rates. If the interest rate drops, more of your installment is allocated to repaying View Details capital, so you can repay your loan faster. If the interest rate goes up, more of your installment is used to pay interest, which extends your View Details amortization period. You may need to change your payments regularly

Avoiding ATM fees

When you use an ATM outside of the bank’s network, transaction fees can accumulate. But with a little planning, you can avoid these costs. Choose a bank that is available when and where you need it. Think about what you do during your daily routine and choose a bank that has branches on the way to and from work, near the gym and other places you frequent.

If you know you will be using ATMs that are not in your bank’s network, find an account that will reimburse you for these costs. You can also save money by using your bank’s mobile app. Check your balance, deposit checks and find the nearest branch or ATM, wherever you are. Don’t have a smartphone? Many banks have toll-free lines, and some like TD even have a 24-hour live customer service line.

Set up email alerts

Regardless of the bank and account you choose, see if your bank’s online site or app has the option to schedule free balance alerts. You can schedule an email when you are at risk of going over your balance limit.

Avoiding Overdrafts

When you are reviewing which account to choose, be sure to consider overdraft coverage. Not all overdraft services are created equal, so talk to your bank to see what overdraft services it offers and which one is best for your account. Check your balance through your bank app, at ATMs, branches or by phone and stay on top of pending checks and scheduled bill payments to see if you’re at risk of overdrawing your account. Using your bank’s online bill payment services can be helpful: You can automatically schedule (and spread out) your recurring monthly cost to avoid having multiple bills to pay at the same time.