TD · Banks
TD Business Digital Account review
The TD Business Digital Account is TD’s lowest-cost way to bank with a Big Five bank: C$6 a month for unlimited electronic transactions and deposit items, with 10 Interac e-Transfers included. It suits online-first businesses that want a big-bank relationship and branch access, though US dollars need a separate account and the fee can’t be waived with a balance.
Who TD is best for
Businesses wanting a big-bank relationship and online-first companies with many electronic transactions.
Businesses that deposit a lot of cash and companies wanting multi-currency accounts in one place.
The TD Business Digital Account is TD’s lowest-cost way to bank with a Big Five bank: C$6 a month for unlimited electronic transactions and deposit items, with 10 Interac e-Transfers included. It suits online-first businesses that want a big-bank relationship and branch access, though US dollars need a separate account and the fee can’t be waived with a balance.
Fees, features and eligibility
| Monthly fee | C$6 a month |
|---|---|
| Transfers | Unlimited electronic transactions and deposit items; 10 Interac e-Transfers a month |
| Account type | Licensed bank (Big Five) |
| Currencies | CAD (separate USD accounts available) |
| Who can open it | Canadian businesses |
Source: TD published product information.
What stands out
Pros
- Unlimited electronic transactions and deposit items
- 10 Interac e-Transfers a month included
- Big-bank branches and lending relationship
Cons
- Monthly fee can’t be waived with a balance
- USD needs a separate account
TD: common questions
How much is the TD Business Digital Account?
C$6 a month, with unlimited electronic transactions and deposit items and 10 Interac e-Transfers included each month.
Can I hold US dollars at TD?
Yes, in a separate US-dollar business account alongside your CAD account.
Does TD have other business accounts?
Yes. TD also offers Business Basic, Essential and Unlimited accounts, with higher monthly fees, more included activity and balance-based fee rebates on the Essential and Unlimited plans.
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