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* By clicking on this link you are leaving our website and entering a third-party website over which we have no control.

Neither TD Bank US Holding Company, nor its subsidiaries or affiliates, is responsible for the content of third party sites hyper-linked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.

Third party sites may have different Privacy and Security policies than TD Bank US Holding Company. You should review the Privacy and Security policies of any third party website before you provide personal or confidential information.

• Small Business
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Small Business Online Banking

Easily manage your small business accounts – and save time – with Online Banking and the TD Bank app. You can even access all your personal and business accounts with one log-in.  Explore our interactive tutorials  to help you get the most from Online Banking and the TD Bank app.

Want to manage your personal TD accounts with Online Banking?  Learn more about Personal Online Banking .

Explore the Benefits of Online Banking

Manage Your Accounts

Make and Accept Payments

TD Bank app

Manage your accounts with ease.

Get the most from your small business banking accounts with features that help you manage your finances when and where you want.

Stay on top of your small business account activity with personalized e-mail alerts to help you stay informed and quickly take action.

• Incoming wire alerts  notify you when your account is wired funds
• Approval needed alerts  let you know a sub-user has created a payment that requires your approval
• ACH return alerts  are sent when a transaction has been returned via the ACH processing system
• New message alerts  notify you when you get a message from us in your Online Banking inbox

You can set up and manage your alerts in Small Business Online Banking or the TD Bank app.

Account users and permissions

With Online Banking, you can set up and authorize other people to manage your online business banking accounts. You control and assign roles to users that define their ability to view and access accounts, make transactions, use Bill Pay and more.

To enroll employees and others as account users and set their permissions,  log in to Online Banking  and go to the "Users & Access" section.

Additional Small Business Online Banking features

Online Statements and Notices Get secure online access for up to 7 years of account statements. You can also get an e-mail whenever you receive a statement and other account notifications. Log in to Online Banking or the mobile app to turn off paper. 1

Funds transfers Online Banking makes it easy to securely transfer money between your TD Bank accounts or to non-TD Bank accounts. You also have the flexibility to make one-time transfers or schedule recurring transfers.

Account dashboard View current balance info for all your small business checking, savings, credit card and loan accounts in one place. You can also toggle between your online small business and personal accounts.

TD Online Accounting 2 Getting paid has never been easier. Streamline business accounting and securely accept electronic payments into your TD Small Business Checking account, create custom invoices, track accounts payable and more. Log in to Online Banking to sign up.

Quicken® or QuickBooks® integration Integrate your small business accounts with your Quicken or QuickBooks software. Benefits include a consolidated view of multiple financial institutions.

Business Payment Suite We have the convenient payment solutions you need–online, on the go and in person

Quick and easy payment options

Enjoy flexible Online Banking payment options that let you schedule and manage business payments with an audit trail for payment history.

ACH (Automated Clearing House)

A great way to handle payroll and vendor and tax payments.

• Money arrives in 2 business days
• Send money directly to any U.S. bank account, to a single person or multiple recipients
• Set up templates to send money to the same accounts
• Reduce hassle and expense of lost or uncashed checks
• Per batch cost of $10.00 3

Your best option for paying day-to-day business bills.

• Money arrives in 4 business days
• Send payments to any business or individual in the U.S.
• No need to write or mail checks
• Set up one-time or recurring payments
• Manage user access to your business accounts
• Next-day payments available and free scheduled payments 4

Wire Transfers

A great option for paying vendors quickly and real estate transactions.

• Money arrives same day or up to 2 business days
• A fast way to send money to anyone in the U.S. with a bank account
• Receive proof of payment when your money is received
• Costs: incoming domestic and international wires $15.00; outgoing domestic wires $30.00; outgoing international wires $50.00 3

Eligible TD Bank Small Business customers can now receive and send payments with Zelle® 7 .

• Enroll right from Online Banking  or the TD Bank app.
• Send payments fast—typically within minutes 7 —directly from one account to another
• Share your email address, U.S. mobile number or QR code and customers can pay you wherever you are, with no need for your account information 8
• Improve cash flow—no need to wait for a check to clear

Zelle® FAQs

What is zelle®.

Zelle® is a fast and easy way for small businesses to receive, request, and send money to customers and vendors they trust. Money is typically sent and received within minutes. 7 If your customers use Zelle® they can send payments directly to your TD Bank account within their online or mobile banking app with your email address, U.S. mobile number or your QR code. 

How do I use Zelle® with a small business account?

To get started, log into TD Bank’s online banking or mobile app and select “Zelle®”.

Enter your email address or U.S. mobile number, receive a one-time verification code, accept the terms and conditions, and you are ready to start receiving and sending money with Zelle®.

To receive money using Zelle®, share your enrolled email address, U.S. mobile number, or QR code with your customers and ask them to send you payment with Zelle®. After the customer sends you payment with Zelle®, you will receive your money directly into your enrolled bank account.

To send money with Zelle®, select someone from your mobile device’s contacts (or add a trusted recipient’s email address or U.S. mobile number), add the amount you would like to send and an optional note, review, then hit “Send.” In most cases, the money is available to your recipient in minutes. 7

If the small business or consumer you send money to has already enrolled with Zelle® through their banking app, the money is sent directly to their bank account and cannot be canceled. It’s important to only send money to people you trust, and always ensure you’ve used the correct email address or U.S. mobile number when sending money. 

To request money using Zelle® with a small business account, click “Zelle®,” select “Request,” enter the individual’s email address or U.S. mobile number, confirm the recipient is correct and tap “Request.” 8

If your customer is using Zelle ® through their banking app, they’ll be able to pay you with Zelle ® . You’ll receive a payment notification once your customer has sent you money in response to your request. If your customer is enrolled in the Zelle ® app, they will not be able to send you money with Zelle ® , and you should arrange for a different payment method.

I already use Zelle® through my personal bank account. How do I enroll to use Zelle® with my small business bank account?

Simply log into TD Bank online banking or mobile app and select “Zelle®.” Then, enter an email address or U.S. mobile number to connect to your small business bank account.

Important note: If you already use Zelle® for personal use, you must use a different email address or U.S. mobile number than the one you used to enroll your personal bank account. For example, [email protected] would be connected to your personal checking account, and 555-555-1234 would be connected to your small business bank account.

How do I tell my customers that they can pay me with Zelle®?

There are a few ways you can encourage your customers to pay you with Zelle ® .

• Tell customers verbally that you accept payments with Zelle ® , and that they can easily send you money right from their banking app.
• Include it on an invoice. We recommend adding “I accept payments with Zelle ® ” or “Pay me with Zelle ® ”.
• Use Zelle ® to request money from your customers (which will send them a notification telling them you’ve requested payment with Zelle ® ). 8

Please note, you’ll only be able to receive payments from consumers using Zelle ® through their financial institution’s banking app. You will not be able to receive payments from consumers enrolled in the Zelle ® app. 

Is my information secure?

Keeping your money and information safe is a top priority for TD Bank. When you use Zelle ® within our online banking or mobile app, your information is protected with the same technology we use to keep your TD Bank account safe.

Interactive tutorials to help you get started

See how convenient and easy it is to make transfers and use Bill Pay with our interactive tutorials for Online Banking and the TD Bank app.

How to enroll and set up bills in Bill Pay

Online Banking Enroll and set up Bill Pay

Enroll in eBills

TD Bank app Enroll, set up bills and enroll in eBills

How to set up, change or cancel Bill Pay payments

Online Banking

Set up one-time payments and AutoPay

Change or cancel payments

TD Bank app Set up one-time payments and AutoPay

Learn how to set up immediate, future and recurring transfers in  Online Banking  and the  TD Bank app .

Benefits and features

Manage all your TD Bank small business accounts on the go, plus deposit checks, pay bills, transfer money and more. Download now for your Apple® and Android TM  smartphones and tablets.

• Bank anytime, anywhere View all your account activity, balances and account statements 24/7. Authorized sub-users can also use the app to do approved account functions
• Deposit checks from your mobile device TD Bank Mobile Deposit 5  is so simple, we take the picture for you. Save time, gas and paper, and usually access your funds the next business day 6
• Transfer money and pay bills Move funds between your accounts, schedule transfers and use Bill Pay securely and easily within the app
• Bank securely with the latest technology Log in with Touch ID and single-use security code. At setup, you can select how to receive your security code: text or voice message

Get the most from the TD Bank app

Mobile banking made easy

If you already use Small Business Online Banking, you can open the app and log in with your existing username and password. If you don't have login information, you can create a username and password right in the app.

Once you log in, you'll see your small business account(s). You can view your balance and transactions, make transfers, send and receive money, deposit checks, pay bills, view online statements and more.

Mobile check deposit 24/7

Your funds are usually available next business day 6  when you use TD Bank Mobile Deposit 5  to deposit checks using the camera in your smartphone or tablet.

Check out this demo to see how easy it is to enroll and make your first mobile check deposit

Digital Wallet

Add your TD small business cards to your mobile device to simplify your online, in-store and in-app purchases for your business.

Get your business online

Discover all the advantages of TD Bank Small Business Online Banking.

Small Business Solutions

Small business checking accounts.

Find the small business checking account that’s perfect for your business needs

Small Business Money Market Accounts

The best way to maximize savings while maintaining easy access to cash

TD Business Solutions Credit Card

Earn rewards for your everyday business purchases

Important Disclosures

1 You can call  1-888-751-9000  or  visit a TD Bank near you  to go paperless.

TD offers a variety of alternate statement formats, including Braille, large print, e-text, accessible PDFs and audio CDs, and enlarged check images for complete record keeping. To find out more, call  1-866-251-3552 .

2 TD Online Accounting is powered by Autobooks. Neither TD Bank, N.A., nor any of its subsidiaries or affiliates, is affiliated with Autobooks, Inc (Autobooks). The accounting services referenced herein are provided exclusively by Autobooks and are subject to customer's agreement to Autobooks' terms of use. Certain restrictions and fees apply. TD Bank may be entitled to receive fees from Autobooks for customer's use of accounting services. Use of accounting services from any provider, including Autobooks, is solely at the customer's election. Autobooks may have a different Privacy and Security policy than TD Bank, N.A. You should review the Privacy and Security policies of the Autobooks website before you provide personal or confidential information.

3 For Business Checking accounts on Account Analysis Billing, pricing may vary and other fees may apply based on usage. Please see your Treasury Management Proposal Proforma (for some products a Pricing List is provided instead) or contact your Treasury Management Officer for further details.

4 Bill Pay payments are free with up to a 3-day turnaround time. A rush same-day payment feature is available for an additional fee. Please consult your Business Account Agreement for details.

5 TD Bank Mobile Deposit is available to Customers with an active checking, savings or money market account and using a supported, internet-enabled iOS or Android device with a camera. Other restrictions may apply. Please refer to the  Mobile Deposit Addendum .

TD Bank Mobile App is only available in English at this time.

iPhone and iPod Touch are trademarks of Apple, Inc.

Android is a trademark of Google, Inc.

6 A business day is every day, except Saturdays, Sundays and federal holidays.

7 Send Money with Zelle®, is available for most checking and money market Accounts in the U.S. To use Send Money with Zelle® you must have an Online Banking profile with a U.S. address, a unique U.S. mobile phone number, and an active unique e-mail address. To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution’s online or mobile banking experience. Transactions between enrolled users typically occur in minutes.

Your eligible deposit Account must be active and enabled for ACH transactions and Online Banking transfers. Message and data rates may apply, check with your wireless carrier. Transaction limitations apply.

8 In order to send payment requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled with Zelle®.

Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

† By clicking on this link you are leaving our website and entering a third-party website over which we have no control.

Neither TD Bank US Holding Company, nor its subsidiaries or affiliates, is responsible for the content of third-party sites hyper-linked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third-party sites.

Third-party sites may have different Privacy and Security policies than TD Bank US Holding Company. You should review the Privacy and Security policies of any third-party website before you provide personal or confidential information.

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Neither TD Bank US Holding Company, nor its subsidiaries or affiliates, is responsible for the content of the third-party sites hyperlinked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.

Payroll & ACH

As a Small Business customer at TD Bank, you're looking for an easy solution for payroll. Our ACH Services can make this type of batch payment a breeze.

And it's great for paying corporate suppliers and vendors too.

After a quick, one-time enrollment, we'll get you set up to use the service.

Receivers are simply the employees or vendors you want to pay.

All you need is each receiver's routing number and bank account.

ACH, or Automated Clearing House, is a payment method that lets you electronically pay groups of receivers in batches.

It's easy to set up templates for repeated payments to the same receivers.

You can also upload files from financial software as the basis for a payment batch.

Once your payment batch is released, the funds are received in 1 to 2 business days.

And you'll be able to view payment status and history at any time.

Users and Roles

TD Bank Online Banking makes it easy to manage user access to your business accounts.

It's all about giving key team members access to the right online banking tools, and setting the right checkpoints such as specific transaction limits.

Here's how it works.

You set up your employees as "users" who can access your company's online banking profile.

Then you create "roles" for those users.

One role might allow its assigned users to make small transfers between accounts.

Another role might let them set up wire transfers or ACH payments of more significant amounts.

A third might let its users pay bills.

You can even set things up to require your approval before anything goes out the door.

At TD Bank, you're in control of how online banking can work for your business.

Wire Transfer

TD Bank makes it easy for our small business customers to send secure wire transfers online - to virtually any bank account in the U.S.

Wire transfers are among the fastest and most reliable ways to move money.

For a low fee per transaction, you can securely send a one-time payment for large ticket items - with peace of mind.

All you'll need is the beneficiary's name, bank, account number, and account type.

Once you send a wire transfer, it's assigned a Federal ID number and tracked on the Federal Reserve System Network.

The funds are available same-day, in most cases within the hour.

For your convenience, the beneficiary info will automatically be saved as a template, making future wire transfers that much easier.

Welcome to TD Bank - America's Most Convenient Bank

Our Mobile Banking App offers flexibility, convenience, and security.

Our Mobile Banking App allows you to navigate with ease by using our intuitive dashboard. From the dashboard you can use quick links to navigate and a slide out menu to access features.

Our Mobile Banking App offers convenience on the go while you are out and about. You can check your account balances, view and perform transactions, and view your check images. Our funds transfer feature allows you to move funds immediately between your accounts or schedule future transfers. Our bill pay feature is easy to use and you can pay almost any company or person.

Our Mobile Banking App offers check deposit right from your phone, anywhere, anytime. It is so simple to deposit a check from your phone; the camera auto takes the picture for you.

We have many other great features in our mobile app, such as TouchID login from Apple. You can send and receive secure messages in your app inbox. You can view months' worth of online statements. You can update your personal settings, such as contact information, and change your password. Finding a branch location is fast and easy with our branch locator tool

Download our app today at the Apple and Google Play app stores by searching on TD Mobile App.

The TD Bank Mobile App can be used to remotely deposit checks

To deposit a check:

Lay it on a flat, dark surface. Open the TD Mobile App and select Mobile Deposit. Follow the on-screen instructions to take a picture and enter the amount. Generally funds will be available the next business day

More information about TD Mobile Deposit can be found on the TD Bank website.

Include disclosure : Mobile check deposits are subject to TD's Funds Availability Policy and Mobile Deposit Addendum. A "business day" is every day, except Saturdays, Sundays, and federal holidays. Message and data rates may apply.

Bank Business Plan Template

Written by Dave Lavinsky

Bank Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their banks.

If you’re unfamiliar with creating a bank business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a bank business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What Is a Business Plan?

A business plan provides a snapshot of your bank as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan

If you’re looking to start a bank or grow your existing bank, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your bank to improve your chances of success. Your bank business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Banks

With regards to funding, the main sources of funding for a bank are personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for banks.  

Finish Your Business Plan Today!

How to write a business plan for a bank.

If you want to start a bank or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your bank business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of bank you are running and the status. For example, are you a startup, do you have a bank that you would like to grow, or are you operating a chain of banks?

Next, provide an overview of each of the subsequent sections of your plan.

• Give a brief overview of the bank industry.
• Discuss the type of bank you are operating.
• Detail your direct competitors. Give an overview of your target customers.
• Provide a snapshot of your marketing strategy. Identify the key members of your team.
• Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of bank you are operating.

For example, you might specialize in one of the following types of banks:

• Commercial bank : this type of bank tends to concentrate on supporting businesses. Both large corporations and small businesses can turn to commercial banks if they need to open a checking or savings account, borrow money, obtain access to credit or transfer funds to companies in foreign markets.
• Credit union: this type of bank operates much like a traditional bank (issues loans, provides checking and savings accounts, etc.) but banks are for-profit whereas credit unions are not. Credit unions fall under the direction of their own members. They tend to serve people affiliated with a particular group, such as people living in the same area, low-income members of a community or armed service members. They also tend to charge lower fees and offer lower loan rates.
• Retail bank: retail banks can be traditional, brick-and-mortar brands that customers can access in-person, online, or through their mobile phones. They also offer general public financial products and services such as bank accounts, loans, credit cards, and insurance.
• Investment bank: this type of bank manages the trading of stocks, bonds, and other securities between companies and investors. They also advise individuals and corporations who need financial guidance, reorganize companies through mergers and acquisitions, manage investment portfolios or raise money for certain businesses and the federal government.

In addition to explaining the type of bank you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of clients served, the number of clients with positive reviews, reaching X number of clients served, etc.
• Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the bank industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the bank industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your bank business plan:

• How big is the bank industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential target market for your bank? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your bank business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: individuals, small businesses, families, and corporations.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of bank you operate. Clearly, corporations would respond to different marketing promotions than individuals, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other banks.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes trust accounts, investment companies, or the stock market. You need to mention such competition as well.

For each such competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

• What types of customers do they serve?
• What type of bank are they?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide loans and retirement savings accounts?
• Will you offer products or services that your competition doesn’t?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a bank business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of bank company that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide savings accounts, auto loans, mortgage loans, or financial advice?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the products and/or services you offer and their prices.

Place : Place refers to the site of your bank. Document where your company is situated and mention how the site will impact your success. For example, is your bank located in a busy retail district, a business district, a standalone office, or purely online? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your bank marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

• Advertise in local papers, radio stations and/or magazines
• Reach out to websites
• Distribute flyers
• Engage in email marketing
• Advertise on social media platforms
• Improve the SEO (search engine optimization) on your website for targeted keywords

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your bank, including reconciling accounts, customer service, accounting, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to sign up your Xth customer, or when you hope to reach $X in revenue. It could also be when you expect to expand your bank to a new city.  

Management Team

To demonstrate your bank’s potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing banks. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a bank or successfully running a small financial advisory firm.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you see 5 clients per day, and/or offer sign up bonuses? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your bank, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a bank:

• Cost of furniture and office supplies
• Payroll or salaries paid to staff
• Business insurance
• Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your bank location lease or a list of accounts and loans you plan to offer.  

Writing a business plan for your bank is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the bank industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful bank.  

Bank Business Plan Template FAQs

What is the easiest way to complete my bank business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your bank business plan.

How Do You Start a Bank Business?

Starting a bank business is easy with these 14 steps:

• Choose the Name for Your Bank Business
• Create Your Bank Business Plan
• Choose the Legal Structure for Your Bank Business
• Secure Startup Funding for Your Bank Business (If Needed)
• Secure a Location for Your Business
• Register Your Bank Business with the IRS
• Open a Business Bank Account
• Get a Business Credit Card
• Get the Required Business Licenses and Permits
• Get Business Insurance for Your Bank Business
• Buy or Lease the Right Bank Business Equipment
• Develop Your Bank Business Marketing Materials
• Purchase and Setup the Software Needed to Run Your Bank Business
• Open for Business

Don’t you wish there was a faster, easier way to finish your Bank business plan?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to see how a Growthink business plan consultant can create your business plan for you.

Other Helpful Business Plan Articles & Templates

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Best business bank accounts for sole proprietorships

Learn what to look for when choosing an account as a sole proprietor in canada.

In this guide

Best business bank accounts in Canada for sole proprietorships

Best overall business bank account in canada for sole proprietors: rbc digital choice business account, best multi-currency business account for sole proprietors: wise business account, best business account in canada for new sole proprietorships: rbc flex choice business account, best free business bank account for sole proprietors: bmo ebusiness plan, best savings account for sole proprietors: tangerine business savings account, best basic business bank account for sole proprietors: td basic business plan, best premium business bank account for sole proprietors: cibc unlimited business operating account, best low-volume business bank account for sole proprietors: bmo business builder 1 chequing account, best high-volume business bank account for sole proprietors: rbc ultimate business account, best us dollar business bank account for sole proprietors: tangerine business us dollar savings account, do sole proprietors need a separate business bank account, what are the benefits of having a business bank account as a sole proprietor, what should i look for when comparing business accounts as a sole proprietor, what are the types of business bank accounts to consider as a sole proprietor, frequently asked questions.

Getting started

A sole proprietorship is a business that is owned by one person. It’s a simple business structure used by over 2.6 million Canadians, and if you’re a sole proprietor, you’re responsible for every aspect of running your business.

One of the most important decisions you’ll have to make is choosing the right business bank account for your needs. To help you decide, we’ve put together this list of the best business bank accounts for sole proprietorships.

• Best low-volume business bank account for sole proprietors: BMO Business Builder 1

Methodology: How we selected the best business bank accounts for sole proprietors

To determine this best list, Finder Canada analyzed 18 business bank accounts across 14 financial institutions. We compared accounts from traditional banks, digital banks, fintechs and credit unions. We narrowed down the list of accounts to the top 10 by only listing accounts that are available in all Canadian provinces.

We ranked accounts based on 18 data points within five major categories. Here’s how we ranked and weighted each product:

• Fees: 40% (Monthly fee, ability to waive monthly fee (if necessary), transaction fees, wire transfer fees, NSF fees, overdraft fees)
• Perks: 20% (Number of currencies you can bank in, interest rates, signup bonuses, other tailored rewards)
• Banking Access: 15% (In-branch banking, online banking access, ATM network access, national availability)
• Customer Experience: 15% (Live chat availability, mobile app ratings)
• Minimum Requirements: 10% (Minimum deposit requirements, minimum balance requirements)

No single business bank account will be the best choice for everyone, so thoroughly compare your options before picking your new account.

RBC Digital Choice Business Account

• Pros + Cons

Why it's one of the best

• Transactions. Enjoy unlimited electronic debit and credit transactions.
• Unlimited cheque deposits. Unlimited Moneris and electronic cheque deposits.
• Soft credit check only. When you apply for an account, RBC will only conduct a soft credit check, which means your credit score won't be impacted when applying.
• Unlimited electronic debit and credit transactions
• Unlimited Moneris and electronic cheque deposits
• Easy to use app
• Competitive foreign exchange rates
• Can only spend and receive in CAD
• Comes with a monthly fee
• Fees for cash deposits and paper deposits

Wise Business

• 70+ countries. Pay staff and suppliers in over 70 countries around the world.
• 40 currencies. hold funds in 40 different currencies, including CAD, USD, GBP and EUR.
• Competitive exchange rates. Get the mid-market exchange rate when you send money overseas.
• Get the mid-market exchange rate
• Hold funds in nine currencies
• User-friendly platform
• Transfer fees apply
• Doesn't accept cash or cheque deposits

RBC Flex Choice Business Account

• Only pay for what you use. This flexible account is suited towards those looking to only pay for what they use.
• Bank online or in-branch. If you think you'd rather have some in-person assistance occasionally with banking, RBC is happy to help in-branch.
• Access other banking products. Access corporate and business credit cards, GICs, personal accounts and much more with RBC.
• Only pay for transactions you use
• Bank online or in-branch
• Get RBC Preferred Pricing
• Monthly fee of $7 charged
• You'll pay for each transaction and e-Transfer
• Not suitable for larger businesses making lots of paper transactions

BMO eBusiness Plan

• No monthly account fee. You won't have to worry about paying a monthly account fee.
• Unlimited transactions. Enjoy unlimited Moneris and electronic transactions so you can save more every day.
• No minimum balance requirements. You can have as little or as much money in your account as you'd like without incurring any minimum balance fees.
• $0 monthly account fee
• No minimum balance requirements
• Unlimited Moneris and electronic transactions
• You'll need to pay for deposits
• Not suitable for businesses looking to take advantage of premium banking features

Tangerine Business Savings Account

• Earn interest on savings. Earn up to 2.95% interest on your savings.
• No monthly account fee. This savings account comes with no monthly fee.
• No minimum balance requirements. Whether you're just getting started in business or you're a seasoned saver, there are no minimum deposit limits which means you can have as little or as much in your account as you'd like.
• Earn interest on your savings
• No minimum balance required
• Does not offer the same benefits as a chequing account

TD Basic Business Plan

• Suited toward low-income businesses. You only get 5 transactions per month and five deposits per month (excluding cash deposits).
• Easy deposits. Deposit through TD Mobile and in-branch.
• Complimentary free services. Enjoy free online statements with cheque images, archived for seven years.
• 5 transactions included per month
• 5 deposit items included each month
• Low monthly account fee
• Not suitable for businesses making lots of transactions and transfers

CIBC Unlimited Business Operating Account

• Enjoy unlimited transactions. Enjoy unlimited transactions and free e-Transfers.
• Get the account fee waived. This account comes with a monthly fee, however you can have it waived if you maintain a balance of at least $45,000.
• Comprehensive deposit allowances. Deposit up to $15,000 cash, $1,000 coin and 100 cheques each month at no extra cost.
• Apply online
• Unlimited transactions
• Low minimum balance requirement compared to unlimited accounts from other banks
• $45,000 minimum balance to avoid monthly fee
• Some accounts at other banks allow larger cash deposits

BMO Business Builder 1 Chequing Account

• Targeted toward limited banking needs. You'll only get 35 transactions per month, including two Interac e-Transfers and unlimited Moneris transactions.
• Low monthly account fee. This basic business account comes with a low monthly fee of $22.50.
• No minimum balance requirements. There are no minimum deposit limits which means you can have as little or as much in your account as you'd like.
• 35 transactions per month, including two Interac e-Transfers and unlimited Moneris transactions
• Monthly account fee of $22.50
• Not suitable for businesses making large numbers of transactions

RBC Ultimate Business Account

• Catered toward businesses banking a lot. This account offers a wide variety of features that cater towards businesses that are constantly banking.
• Unlimited transactions. Enjoy unlimited electronic debit and credit transactions and 500 outgoing Interac e-Transfers per month.
• Large deposit limits. Unlimited electronic cheque and Moneris deposits are included too, plus up to $25,000 free cash deposits per month
• Large deposit limits
• Unlimited monthly electronic debit and credit transactions
• 500 outgoing Interac e-Transfers each month
• 100 paper transactions per month
• Higher monthly account fee than most business accounts

Tangerine Business US Dollar Savings Account

• Earn interest on savings. Earn 1.3% interest on your USD savings.
• Earn 1.3% interest on your savings
• No monthly account fee
• Competitive exchange rates
• Only suitable for businesses transacting in USD

If you run your sole proprietorship under a business name, you’ll need to open a business bank account. But if you run your business under your own name, there’s no legal requirement to open a business account — you can choose to use your personal bank account for business transactions if you wish.

But while it’s not mandatory for sole proprietors to have a business bank account separate from their personal account, there are plenty of reasons why you should.

Here’s why it makes sense to open a business bank account as a sole proprietor:

• Easy money management. A business bank account provides a central hub where you can manage all of your business transactions, track income and expenses, and monitor cash flow.
• Keep business expenses separate. Opening a business bank account lets you keep your business transactions separate from your personal transactions. This makes it easier to stay on top of your income and outgoing payments, and also saves time when you need to do your taxes.
• Boost credibility. Invoicing clients from your personal bank account makes your business appear a little amateurish. Using a business bank account looks a whole lot more professional and will improve your credibility.
• Simpler tax reporting. Using a business bank account helps you stay on top of your bookkeeping. It’s easier to keep track of your income for tax reporting purposes, plus keep a record of any expenses you can claim as tax deductions.
• Build a relationship. Opening a business bank account is also an important part of building a relationship with your bank. Not only will this help you develop your business’ income and credit history, it’ll also help when you want to access business credit cards, loans and lines of credit from the bank in the future.

Consider the following factors when searching for the best business bank account:

Monthly fee

Most business bank accounts in Canada come with a monthly fee. The more transactions you need per month, the higher the annual fee will generally be. However, there are some no-fee business bank accounts available, so it’s worth shopping around to see what’s available.

Supported transactions

If you only have minimal banking needs, you’ll most likely be able to get by with an account that supports a small number of monthly transactions. But if you need to make frequent deposits, withdrawals and transfers, you may need an account that supports unlimited monthly transactions.

It’s also important to check the types of transactions the account supports. For example, some business bank accounts allow unlimited electronic transactions but may charge a fee each time you deposit cash or perform an in-branch transaction.

Aside from the monthly fee, there are several other fees that could potentially apply to your business account, such as:

• Out-of-network ATM withdrawal fees
• Interac e-Transfer fees
• Cheque deposit fees
• Cash deposit fees
• Foreign transaction fees
• Exchange rate markups and currency conversion fees

Check the fine print for details of all fees that apply.

Online and mobile banking

With more and more banking done digitally, it’s important that your bank offers user-friendly online and mobile banking portals. Check app store reviews and reviews on sites like Trustpilot to see what other business owners have to say about their online and mobile banking platforms.

ATM/branch network

If you regularly need to withdraw cash from ATMs, check the size of the bank’s ATM network so you can avoid fees for using out-of-network ATMs. And if you prefer face-to-face banking, check whether the bank has convenient locations near you.

CDIC protection

Make sure the financial institution you open your account with is a member of the Canada Deposit Insurance Corporation (CDIC). This means up to $100,000 you deposit will be insured in the event that your bank fails.

Multi-currency support

If your business operates internationally, a multi-currency business account can be a very useful tool. Look for an account that supports the local currencies in the countries where you do business, but remember to check what transaction fees apply and the account provider’s exchange rate markup when you convert currencies.

Business resources

Many Canadian banks offer additional tools and resources to help business owners like you. For example, you may get access to online educational webinars and courses or a specialist business adviser.

Discounts and perks

Opening a business account may also give you access to other discounts from the same financial institution. For example, you may be entitled to a waived annual fee on a business credit card or discounts on products from partner providers.

Customer support

It’s also a good idea to check how you can access customer support if you have a problem with your account. Check whether you can get in touch via live chat, phone and email, and find out during which hours the support team is available.

• Business chequing account. A chequing account is used for your everyday business banking transactions. You can use it to receive payments from customers, pay your suppliers and make business purchases using a linked debit card. It also includes reporting and money management tools to help you keep track of your expenses and cash flow plus meet your tax reporting obligations.
• Business savings account. A savings account pays a high rate of interest on the money you deposit. So if you have spare funds you don’t need for the day-to-day running of your business, you can put them in a savings account and boost your bottom line. However, many business savings accounts only support a limited number of transactions.
• Business multi-currency account. A multi-currency account lets you send, receive, hold and spend money in two or more currencies. For example, as well as holding CAD, you may also be able to hold USD, GBP and EUR. This allows you to save money on currency conversion costs, pay your overseas suppliers in their own currency and receive payments from customers in the countries where your business operates.

Can I open a business bank account as a sole proprietor?

Yes. If you're a sole proprietor, you're eligible to open a business bank account in Canada.

What do I need to open a business bank account as a sole proprietorship?

As a sole proprietor, you will typically be asked to provide your trade name registration certificate or your master business licence when opening an account. Depending on the bank and on your business' financial situation, you may be required to provide additional information, such as your most recent business notice of assessment or other financial statements.

How do you open a business bank account in Canada?

The exact process for opening a business account varies depending on the financial institution you choose. In some cases you can open an account completely online, but other banks might require you to visit your nearest branch to verify your ID.

To open an account you will need to provide:

• Your name, personal information and contact details
• Proof of ID
• Your business trade name registration certificate or a copy of your master business licence

Can I get a free business banking account in Canada?

While most business bank accounts in Canada come with a monthly fee, there are some no-fee accounts available. For example, BMO offers its eBusiness Plan and Scotiabank offers the Right Size Savings For Business Account, while multi-currency business accounts are also available from online providers like Loop, Vault and Wise. It's also worth mentioning that many banks will waive the monthly fee on your business bank account if you keep your balance above a minimum threshold each month.

What steps do I need to take to set up business as a sole proprietor?

In addition to opening a business bank account, you'll also need to create a business plan, register your business with your provincial or territorial government, and consider your small business insurance needs. Check out our guide to setting up business as a sole proprietor for more information.

Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors.

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• Overall Rating
• Pros and Cons
• About TD Bank
• Personal Bank Accounts
• Personal Loans
• Credit Cards

How TD Bank Compares

• Why You Should Trust Us

TD Bank Review: Exploring Its Banking Services, Benefits, and Drawbacks

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate banking products to write unbiased product reviews.

The information for the following product(s) has been collected independently by Business Insider: TD Double Up℠ Visa Credit Card. The details for these products have not been reviewed or provided by the issuer.

TD Bank: Overall Bank Rating

Td bank: pros and cons.

Compare Today's Savings Rates

About TD Bank 

TD Bank is a brick-and-mortar financial institution on the East Coast with over 1,100 branches and 2,600 free ATMs. Branches are accessible in the following states:

• Connecticut
• Massachusetts
• New Hampshire
• North Carolina
• Pennsylvania
• Rhode Island
• South Carolina
• Washington, DC

In March 2024, TD announced a new checking account — TD Complete Checking — to streamline the bank's checking account options. TD Convenience Checking, TD Simple Checking, and TD 60+ Checking will no longer be available for customers to open. These checking accounts will be grandfathered, which means existing customers will still have the same features and benefits, and there won't be service interruptions as long as you maintain your account.

TD Bank has also released a new feature for all checking and savings account customers. Customers can now get eligible direct deposits up to two business days early.

TD Bank is FDIC-insured , which means you may safely keep up to $250,000 in an individual bank account. 

TD Bank Digital and Mobile Banking Experience 

TD Bank is ranked highly in online banking satisfaction. According to the J.D. Power 2023 U.S. Online Banking Satisfaction Study, TD Bank placed second overall among national banks.

The TD Bank mobile app has mixed ratings, though. TD Bank ranks lower than the study average in a J.D. Power 2023 U.S. Banking Mobile App Satisfaction Study .  However, the bank's mobile app has received 4.8 out of 5 stars in the Apple store, with over 247,000 reviews, and 4.1 out of 5 stars in the Google Play Store based on 84,400 reviews.

The TD Bank mobile app experience includes standard mobile app features as well as unique perks.

Similar to most other banking apps, you'll be able to make mobile check deposits and make bill payments. You'll also be able to receive 24/7 live customer support, set customizable alerts, and request a new temporary debit card limit. 

TD Bank Customer Service and Support

TD Bank customer service is available 24/7 by phone or live chat. The bank's branches are open on weekdays. Some are also open on Saturdays, and others are open seven days per week.

Something to keep in mind is that TD Bank has a unique holiday banking schedule. Bank locations remain open on President's Day and Indigenous People's Day, which are federal holidays when most banks are closed.

Is TD Bank Trustworthy?

In our TD Bank review, we including ratings from the Better Business Bureau. The BBB grades companies based on how they deal with customer issues, and TD Bank has an A+ rating from the BBB.

In 2023, the bank had to pay $1.2 billion in a settlement  that claimed the bank was involved in a Ponzi scheme started by Robert Allen Stanford, the former chairman of Stanford International Bank. TD Bank provided correspondent banking services to Stanford International Bank.

TD Bank FAQs

TD Bank stands out from other banks if you're interested in a brick-and-mortar banking experience and want bank accounts with low initial deposits, a variety of home loans or personal loan options, or a 2% cash back credit card.

Yes. TD Bank accounts have monthly service fees and some have overdraft fees to be mindful of.

TD Bank's mobile app has mixed ratings. It received 4.8 out of 5 stars in the Apple store based on over 247,000 ratings. It also has 4.1 out of 5 stars in the Google Play store with over 84,400 reviews. TD Bank ranks lower than the average according to a J.D. Power 2023 U.S. Banking Mobile App Satisfaction Study , though.

TD Bank Personal Bank Accounts

TD Simple Savings Account

• Earn $200 when you deposit $10,000 or more in new money within 20 days, then maintain that balance for 90 days from the date the deposit requirement is initially met (Offer ends April 30, 2024)

$5 monthly service fee

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly fee for students, or for adults under age 24 or age 62 or older
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly fee for the first 12 months, with recurring monthly deposits of $25
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Mobile check deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum opening deposit
• con icon Two crossed lines that form an 'X'. Low APY
• con icon Two crossed lines that form an 'X'. $5 monthly service fee

TD Bank Signature Savings Account pays a higher interest rate than the TD Simple Savings Account on balances of $10,000 or more. However, to get the most out of this account, you'll need to qualify for a relationship rate and meet one of the requirements to waive the TD Signature Savings - Fees Display. Ultimately, you can find much better rates with the best online banks.

• No monthly service fee for students, adults under age 24 or age 62 or older
• Waive $5 monthly service fee by maintaining $300 minimum daily balance
• No monthly fee for the first 12 months if you make recurring $25 monthly deposits
• Interest compounded daily
• FDIC insured

TD Signature Savings

$15 monthly service fee

0.01% to 4.00%

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Earn a competitive APY when you link to another eligible TD Bank account
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Earn a higher APY with a higher balance
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free incoming wire transfers
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free money orders
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free stop payments
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free official checks
• con icon Two crossed lines that form an 'X'. $15 monthly service fee
• con icon Two crossed lines that form an 'X'. Low APY if you don't link to another TD Bank account
• Earn a bump rate APY when you link a TD Bank personal checking account, small business checking account, credit card, mortgage, or home equity loan
• Earn 0.01% APY if you maintain less than $10,000 in your account
• Earn 0.05% APY if you don't have an eligible TD Bank account and maintain an account balance of $10,000 or more
• Earn 2.00% APY if you link an eligible TD bank account and maintain an account balance between $10,000 and $24,999
• Earn 2.25% APY if you have an eligible TD Bank account and maintain an account balance between $25,000 and $49,999
• Earn 2.50% APY if you have an eligible TD Bank account and maintain an account balance between $50,000 and $99,999
• Earn 4.00% APY if you have an eligible TD Bank account and maintain an account balance over $100,000
• Waive $15 monthly service fee by maintaining a $10,000 minimum balance, linking to a TD Beyond Checking Account, or opening an IRA
• No out-of-network ATM fees and ATM fee refunds if you maintain a $2,500 balance

TD Bank (Member FDIC) has two savings accounts: TD Signature Savings and the TD Simple Savings Account.

The TD Simple Savings Account makes it easy to waive monthly service fees during the first year — just make a recurring deposit of at least $25 each month. After that, you'll need to maintain a minimum daily balance of $300 or meet certain age-specific requirements. 

TD Signature Savings generally offers more competitive interest rates than TD Simple Savings Account for most account balances. However, you'll need to be mindful of a $15 monthly service fee. To waive the monthly fee you must maintain a $10,000 minimum balance, link to a TD Beyond Checking Account, or open an IRA.

If you qualify for a relationship rate, you'll also earn a higher interest rate on TD Signature Savings , especially on higher balances. To qualify for a relationship rate, you must link a savings account to a TD Bank personal checking account, small business checking account, credit card, mortgage, or home equity loan.

See Business Insider's TD Bank Savings Rates Review .

TD Bank Essential Banking

$4.95 monthly service fee

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No overdraft fees
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. TD Early Pay (direct deposits up to 2 business days early)
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive the monthly service fee
• con icon Two crossed lines that form an 'X'. $4.95 monthly maintenance fee
• con icon Two crossed lines that form an 'X'. $3 non-TD ATM fee
• con icon Two crossed lines that form an 'X'. No checks
• Access to 1,100 branch locations and over 2,600 ATMs
• To waive the monthly service fee, you must be between the ages of 13 through 17
• Member FDIC

TD Bank Complete Checking

• Earn $200 when you have $500 in qualifying direct deposits within 60 days (offer expires April 30, 2024)
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. TD Early Pay (qualifying direct deposits up to two business days early)
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive the monthly maintenance fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Overdraft options available
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No ATM fees if you’re between the ages of 17 through 23
• con icon Two crossed lines that form an 'X'. $35 overdraft fee
• con icon Two crossed lines that form an 'X'. $3 for non-TD ATMs unless you qualify for waived fees

You might like one of TD Bank' primary checking accounts if you prefer banking face-to-face and live near a branch along the East Coast.

• TD Complete Checking has no monthly fee if you're a student or young adult between the ages of 17 through 23
• Monthly service fee can also be waived if you meet one of the following criteria each month: receive direct deposits of $500 or more; maintain a minimum daily balance of $500 or more or maintain a $5,000 minimum daily combined balance across linked personal bank accounts
• Overdraft protection options: Grace Period offers overdraft fee refunds when you restore your account balance by 11 p.m. ET the next business day; Savings Overdraft protection lets you link a savings account to cover overdrafts

TD Bank Beyond Checking Account

• Earn $300 when you have $2,500 in qualifying direct deposits within 60 days (offer expires April 30, 2024)

$25 monthly service fee

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free overdraft protection
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. 2 overdraft fee reimbursements per year
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Waive other TD Bank account monthly fees when you have a Beyond Checking Account
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No out-of-network ATM fees
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Reimburses out-of-network ATM fees charged by providers when your balance is at least $2,500
• con icon Two crossed lines that form an 'X'. $25 monthly service fee

You might like one of TD Bank's primary checking accounts if you prefer banking face-to-face and live near a branch along the East Coast.

• Access to over 1,100 branch locations
• Waive $25 monthly fee with $5,000 in monthly direct deposits, OR $2,500 minimum balance, OR total of $25,000 in all TD Bank accounts
• No opening deposit or minimum account balance

TD Bank offers a variety of checking accounts. You don't need a minimum deposit to open any TD Bank checking account. However, all of the accounts have monthly service fees. You can waive monthly service fees on some TD Bank checking accounts by meeting certain minimum balance requirements or if you fit a specific age group.

See Business Insider's TD Bank Checking Account review .

TD Bank Choice Promotional CD

1.00% to 5.00%

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. $250 minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Standard term options
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Solid interest rate compared to other brick-and-mortar banks
• con icon Two crossed lines that form an 'X'. High early withdrawal penalties

TD Bank Choice Promotional CDs are good options if you want a 6-month or 12-month term, and if you also have a personal checking account so you can earn the higher relationship bump rate on those two terms. Otherwise, you can earn much higher rates at other banks.

• Terms range from 3 months to 5 years
• Earn 1.00% APY, or 1.00% to 5.00% APY if qualify for a relationship bump rate when you also have an eligible checking account
• Early withdrawal penalties: All interest earned for terms under 90 days; 3 months of interest on terms between 90 days and 1 year; 6 months of interest on terms between 1 year and 2 years; 9 months of interest on terms between 2 years and 3 years; 1 year of interest on terms between 3 years and 4 years; 18 months of interest on terms between 4 years and 5 years; 2 years of interest on terms 5 years or longer
• Interest compounded and deposited monthly

TD Bank No-Catch CD

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. One penalty-free withdrawal per term
• con icon Two crossed lines that form an 'X'. Low interest rates
• con icon Two crossed lines that form an 'X'. Only two terms to choose from

A TD Bank No-Catch CD is a decent option if you want to use a brick-and-mortar bank, because it has a low minimum deposit. But if you’re open to online banking, you’ll find significantly higher rates on no-penalty CDs elsewhere.

• Two terms: 6 months and 12 months
• If you withdraw funds, you still must leave at least $250 in the account to keep it open
• Interest compounded and paid monthly

TD Bank Step Rate CD

0.05% to 0.15%

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Interest rate increases every year
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. You can make a partial or total penalty-free withdrawal on each anniversary
• con icon Two crossed lines that form an 'X'. High penalties if you withdraw money outside of an anniversary

TD Bank Step Rate CDs are better options than the bank’s Promotional 3-year and 5-year terms, because you’ll earn more in interest over time. But if your goal is to earn a high interest rate, you can find much higher rates on step-up CDs at other institutions.

• Two terms: 3 years and 5 years
• Early withdrawal penalties: You can withdraw money on each anniversary with no penalty; otherwise, the penalty is 12 months interest for the 3-year term and 24 months interest for the 5-year term

TD Bank CD rates are relatively low overall, with the exception of a few terms. It also has a no-penalty CD and a step-up CD, though, so TD is a good choice if you want a variety of options.

See Business Insider's TD Bank CD Rates Review .

TD Bank Auto Loans

TD Bank is an indirect lender, so you won't be able to get an auto loan directly from the financial institution. Information about auto loans term, rates, and fees isn't available online. You'll have to find a dealership partner to learn more about TD Bank auto loans.

TD Bank Personal Loans

8.99% to 23.99%

$2,000 to $50,000

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Fast funding
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No origination fees or prepayment penalties
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Competitive rates
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Wide range of loan amounts
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. 24/7 customer service
• con icon Two crossed lines that form an 'X'. Only available to borrowers in certain states
• con icon Two crossed lines that form an 'X'. Late fee
• con icon Two crossed lines that form an 'X'. No cosigned loans available
• Loan amounts range from $2,000 to $50,000
• The late fee is 5% of the minimum payment due or $10, whichever is less
• Term lengths are between 36 to 60 months

TD Bank has unsecured personal loans called Fit Loans. You may qualify for a Fit Loan if you live in a state that has a TD branch. Loan amounts range from $2,000 to $50,000.

See Business Insider's TD Bank Personal Loans Review .

TD Bank Mortgages

Conforming, FHA, VA, construction, jumbo, Medical Professional, TD Right Step, TD Home Access, home equity loan, HELOC

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Wide range of mortgage options
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Offers affordable loan programs with flexible credit requirements
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Easily explore customized rates
• con icon Two crossed lines that form an 'X'. Only available in 15 states and Washington, DC
• con icon Two crossed lines that form an 'X'. Lender fees aren’t listed online
• Offers mortgages in Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, and Washington, DC.
• Minimum credit score and down payment displayed are for conforming mortgages

TD Bank may be a solid choice if you're looking for a variety of home loans. The bank has conforming loans, FHA loans, VA loans, construction loans, jumbo loans, Medical Professional mortgages, TD Right Step mortgages, TD Home Access mortgages, home equity loans, and HELOCs.

See Business Insider's TD Bank Mortgage Review .

TD Bank Credit Cards

0% intro APR on balance transfers for first 15 billing cycles

19.74%, 24.74% or 29.74% variable

Good to Excellent

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Earns unlimited 2% cash back on purchases
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Good intro APR on balance transfers
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No annual fee
• con icon Two crossed lines that form an 'X'. Other no-annual-fee cash-back cards offer better welcome bonuses
• con icon Two crossed lines that form an 'X'. Intro APR isn’t valid for purchases
• con icon Two crossed lines that form an 'X'. Foreign transaction fees
• The information related to the TD Double Up℠ Credit Card has been collected by Business Insider and has not been reviewed by the issuer.
• Earn $100 cash back as a statement credit after spending $1,000 within the first 90 days of account opening
• Enjoy a 0% intro APR for 15 months from account opening for balance transfers and then 19.74%, 24.74% or 29.74% variable APR
• Earn 2% cash back on all purchases
• $0 annual fee

TD Bank also offers several types of credit cards, including secured credit cards, travel credit cards, and cash back credit cards.

The TD Double Up℠ Visa Credit Card is notably listed in our guide for the best 2% cash back credit cards as a top pick for TD Bank customers.

TD Bank vs. Chase 

You might prefer Chase Bank if you want a large branch network. It has branches in every U.S. state except Alaska and Hawaii.

Chase has multiple checking accounts to choose from, and depending on which one you choose, you can earn bonuses as high as up to $3,000. Still, TD Bank makes it easier to waive monthly service fees on its checking accounts.

For savings accounts, it's a toss-up between the two banks since their accounts have similar features. The requirements for waiving the monthly service fee are nearly identical. Your best option might ultimately hinge on which bank's branches are closer to your home or if you're eligible for a TD Bank savings account bonus. 

Chase Bank Review

TD Bank vs. Bank of America 

Bank of America has 4,200 branches in 37 states and DC, while TD Bank has around 1,100 branches in 15 states and DC. Bank of America could be a better option if you want a larger branch network.

You might prefer TD Bank if you're looking for more options for home loans. Bank of America doesn't have home equity loans or construction loans.

Bank of America Review

Is TD Bank Right for You?

TD Bank might be a good choice if you prefer traditional brick-and-mortar banks to credit unions or online banks. It is also may be ideal if you want to open bank accounts with low initial deposits, a variety of home loan or personal loan options, or a 2% cash back credit card.

If you don't meet the requirement to waive monthly service fees on TD Bank, other banks have fee-free bank accounts that may be a better fit. You should also consider other options if you want to open one of the best high-yield savings accounts or are looking for high CD rates. 

Why You Should Trust Us: How We Reviewed TD Bank 

For our TD Bank review, we rate bank products and services using our our editorial standards . At Business, we rate products on a scale from zero to five stars.  We compare and contrast the features and fine print of various products to help determine if the account may be right for you.

For example, while reviewing a TD Bank checking account, we used our bank account methodology to examine specific account features like opening requirements, monthly service fees, overdraft protection, ATM network availability, and ATM fees.  Meanwhile, for credit cards, we look at features such as annual fees and rewards rates and for loans and mortgages, we examined criteria, including (but not limited to) fees and term options.

• Are banks open today? Here's a list of US bank holidays for 2023
• Best CD rates
• Best High-yield savings accounts
• Four reasons why your debit card might be denied even when you have money

• Main content

Securities and other investment and insurance products are: not a deposit; not FDIC insured; not insured by any federal government agency; not guaranteed by TD Bank, N.A. or any of its affiliates; and, may be subject to investment risk, including possible loss of value. Securities, insurance and investment advisory products and services are offered through TD Wealth Management Services Inc., a registered broker-dealer, member of FINRA and SIPC , and subsidiary of TD Bank, N.A.

Disclosure Statements

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• ALL MOSCOW TOURS
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• Facts about Moscow – City Factsheet
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Moscow parks – leisure, nature and historical

Moscow is the most green megapolis in the world. There are over a hundred parks and green spaces like gardens, squares and boulevards. You will definitely bump into a few of them wherever you go. Whether you are interested in memorial, historic parks, parks of wildlife or you just want to have a calm break from the speedy city life – city parks have something special for everyone.

Moscow leisure parks

The leisure Moscow parks are undoubtedly the most popular and famous with the locals and travelers. Today such parks provide a great number of exciting entertainments for Muscovites and city guests, adults and children.

The Gorky Park

Gorky Park opened in 1928 and was the first holiday park in the Soviet Union with playgrounds, a sports stadium, exhibition halls and attractions for kids. Today it has a fresh, vibrant appearance. The park features bike rental stations, a comfortable business area with Wi-Fi, an outdoor movie theatre and a greenhouse where you can buy fresh greens such as basil and lettuce. To contemplate the sky and the stars, go to the observatory and look through the telescope while listening to fascinating stories from astronomers. Enjoy many sports in the park: volleyball, handball, football or a peaceful jog around the beautiful surroundings.

Zaryadye Park

Opened in September 2017, Zaryadye is the youngest on our list. Located just a few minutes away from Red Square, it includes various activities like the floating bridge with its thin V-form extension, an ice cave, also concert hall and an amphitheater. The entire territory of the park was divided into four zones of Russia: forest, steppe, tundra, and the floodplains.

Neskuchny Sad

By walking along the Moskva River’s bank from the Gorky Park towards Vorobievy Gory (Sparrow Hills) you’ll reach Neskuchny Sad («Not Boring» garden), a wonderful place in the Moscow center, one of Moscow’s oldest parks, charming slice of wildlife. The park mostly consists of pristine forest, dotted with old summer pavilions, ponds and quaint little stone bridges. There are a lot of opportunities for different activities lots of children playground, a ping-pong and chess clubs, football fields and tennis courts, horse riding, tree climbing and having rest in one of the nice cafes.

Museon Park

Hermitage Garden

Hermitage Garden has always been known as an amusement, entertainment center with theatres, shows, cafes, summer pavilions, pergolas since 1830. Shalyapin, Sobinov, Nezhdanova – great Russian opera singers starred on the garden stage. Famous Russian composer Rakhmaninov conducted the orchestra. Sara Bernar, Maria Yermolova, outstanding actresses, played in the open air performances. Tolstoy and Lenin had a stroll in the garden. So lots of celebrities from different epoques liked it a lot and spent their time in Hermitage Garden. You can find here three theatres in the garden: Hermitage, Sphere and New Opera. During winter an ice rink works here and in summer a musical stage is assembled to host jazz and brass band festivals.

In Sokolniki Park visitors can play billiard, chess or draughts, table tennis, as well as go cycling, roller blading and swimming in the summer and ice skating or skiing in winter. Each season is highlighted by special memorable and bright events, for example, Summer Jazz Festival or Baby Fest (for future mums), open air beach disco parties, Ice Cream Day, International Clown Festival and many other shows and exhibitions. The park has an observatory, kids center and a co-working zone with free Wi-Fi which is really nice for spending high quality work time there.

Moscow nature parks

The nature parks are national reserves with the amazing forestry and incredible variety of animals and plants there. The breath of wildlife and the chance to be closer to the virgin nature excites both children and grownups. Hundreds of different species of animals can be found in Moscow nature parks. The richest woodlands with old and even ancient trees, like a 200 years pine-tree in the Elk Island National Nature Park, are the point of passionate interest for visitors.

Aptekarsky Ogorod

Aptekarsky Ogorod (Apothecary Garden)

Aptekarsky Ogorod (Apothecary Garden) is one of the oldest gardens in Moscow. It was founded in the XVIII century by Peter the First (great Russian emperor). A larch that he planted himself still grows in the garden, so it’s more than 250 years old. At the time of its foundation, it was a garden with herbs and medicinal plants and was used as an educational center for doctors. Today there are the orangery with its tropical palms, the carp pond, and the immense trees that dot the landscape and turn wonderful golden shades in the autumn. Several restaurants and cafes work here making it a very nice spot for relaxation no matter what season it is. You can book a special tour or join the guided excursion group.

Losiny Ostrov

Losiny Ostrov (Elk Island Park)

Losiny Ostrov (Elk Island Park) is located at the north of Moscow. It covers 22 km from the west to the east and 10 km from the north to the south and it’s one of the most beautiful national parks in Moscow. Two rivers, Yausa and Pechorka begin here. You can find lots of fields, ponds, meadows, streams in the park as well as elks. Here you can enjoy guided tours, available in English. You can choose a guided tour about flora and fauna of the area, you’ll learn why elks are there, which animals are their neighbors. Or enjoy another excursion, which is totally devoted to historical past of ancient tribes once lived there, you’ll know about old Russian mythology, rituals and traditions.

Serebyany Bor

Serebyany Bor (Silver Forest)

Serebyany Bor (Silver Forest) is a famous pine forest in the west of Moscow. The park has 230 forms of plant life, and is also home to watersports complex, providing a lot of activities for visitors. The layout of Serebryany Bor is unusual, as it is located on an artificial island between a meander in the Moscow River and a channel. There is an artificial lake, the Deep Gulf and picturesque Bezdonnoe (Bottomless) Lake in the depths of the forest. Serebryany Bor’s beaches are the cleanest in the city and very popular among Muscovites. On weekends it is difficult to find a free spot here, especially because a whole range of services are offered to visitors, from simple deckchairs to catamaran and yacht rides. Driving is prohibited on the territory of the island so be ready to use trolleybus to reach the entrance.

Botanichesky Sad

Greenhouse of Botanical Garden

Main Botanical Garden of The Russian Academy of Sciences is the largest and most famous is Moscow. The garden is a real museum of nature with a very rich (more than 18000 types) collection of plants. The park was founded in 1945 at the place of the 17th century Apothecaries’ Gardens. The garden’s collection is turned into botanical expositions, made with use of modern receptions of landscape architecture. Here you can see a tree nursery, a shadow garden, hothouse complex, collection of flowers, a rosary, exposition of coastal plants, garden of continuous blossoming, Japanese garden and expositions of cultural plants and natural flora plants. The biggest part of Garden is the Tree nursery occupying the space of 75 hectares. About 2 thousand wood plants grow here. Another big exposition of the Garden is nature Flora, divided into six botanic-geographical collections: European part of Russia, Caucuses, Central Asia, Siberia and Far East. Pride of the Main Botanical Garden is the collection of tropical, coastal and water plants, which is considered as the best in Europe. The Japanese garden, a great model of Japanese landscape gardening art has a 13-level stone pagoda of the 18th century, stone Japanese lamps, ponds, falls and streams, tea lodges and more than 100 species of the most character Japan plants. It is especially decorative in spring, during Oriental cherry blossoming and in fall, when foliage blazes in crimson colors.

Moscow historic parks

Historic nature parks and estates once were the mansions of the Moscow aristocracy. At that far times the estates were outside the Moscow city limits, but after the city expansion and urbanization, they became easily accessible.

Kolomenskoye

Kolomenskoye Museum and Park

The chief attraction of the park is undoubtedly the stone Church of the Ascension of the Lord. It was constructed in 1532 by order of Tsar Vasily III to commemorate the birth of his son and heir, Ivan the Terrible. But there is a lot more to see in the park: the pretty Church of the Icon of Our Lady of Kazan – with its bright azure domes and plenty of gold. Further into the park there is a charming Church of the Beheading of St John the Baptist, built by Ivan the Terrible to mark his coronation.

Kuskovo Park

Kuskovo Park is one of the oldest country estates in Moscow. It was given to General Sheremetev by Peter the Great in 1715, but was left to fall into neglect before being plundered by Napoleon’s troops in 1812. Nowadays the estate has been restored to its former glory and is a good example of Russian 18th Century imperial architecture. The palace is a fine and rare example of wooden neoclassicism. It was completed in 1775, and the rich interiors remain unchanged since 1779. It includes a room hung with exclusive exquisite Flemish tapestries, an abundance of silk wallpaper and an impressive collection of 18th century European and Russian paintings. The palace looks onto the lake, which is surrounded by smaller pavilions: pretty Italian, Dutch and Swiss Cottages, Blank’s Hermitage and the old Orangery, where the State Ceramics Museum is located now, an extensive and absorbing collection of porcelain from the 18th century to the present day. On the other side of the lake is a large wood popular with local cyclists and joggers.

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TD Bank branches and ATMs in Moscow

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Use our online branch locator to find your nearest TD Bank ATM or branch in Moscow and get branch and ATM hours, directions and customer service phone numbers.

More detailed information can be found on a branch by selecting one of the options displayed. You can also use our interactive map to find an ATM or branch near your current location.

Banking services offered by TD Bank in Moscow

Td bank banking products in moscow, td bank branch opening hours in moscow, td bank branches and atms in moscow area.

• Cash withdrawal
• Cash deposits
• Cheque and paying-in books
• Personalised customer care and support
• Business banking
• Bank accounts and credit cards
• Mortgage and real estate services
• Savings accounts and customised investment solutions
• Retirement planning

Customer service hours of operation may vary. Please select a branch and get full branch details, including up-to-date opening times. If you have any doubts or would like to telephone and speak to an advisor, you can use the numbers provided.

Branches of other banks in Moscow

TD Bank Group announces multiyear relationship with Google

TD Bank Group announced Wednesday that it started using Google Cloud services, starting with the launch of TD Securities Automated Trading via serverless computing platform Google Kubernetes Engine.

HSBC and others as customers.

in a press release . "Together with Google Cloud, we are positioned well to continue to evolve our services and help power new and innovative banking experiences."

purchased from Headlands Tech and rebranded in 2021. The product originally emerged from hedge fund Citadel about eight years ago.

said Matt Schrager , co-head of TD Securities Automated Trading, whose group now uses the product to determine fair bid and offer prices for munis and other fixed income instruments. Schrager spoke with Bond Buyer last year about how TD uses machine learning to determine fair prices on bonds.

As a largely buy-and-hold asset class, most of the $4.1 trillion outstanding universe of individual municipal bonds trade very infrequently. As such, price discovery is challenging in the muni market, according to Schrager.

To determine fair value for a bond that hasn't traded in weeks or months, "we need to correlate that bond to similar bonds that have traded recently," Schrager told Bond Buyer. "However, no two bonds in the market are quite alike, so we must be careful in this analysis to account for relevant differences."

Machine learning "helps us perform this kind of analysis in a rigorous way that both incorporates as much information as possible while also accounting for important differences between securities," he added.

This kind of analysis takes a gargantuan amount of computing power, hence the need for public cloud resources and the partnership between TD and Google Cloud, according to Dan Bosman, senior vice president and chief information officer for TD Securities and Treasury and Balance Sheet Management.

Google Cloud is "very well-suited" to TD's need for secure and scalable infrastructure that can support computationally intensive quantitative analysis, with a developer-friendly experience, according to Bosman.

"Google Cloud's capabilities have helped us grow TDSAT's trading volumes and portfolio size, and optimally serve our global clients," Bosman said.

a blog post about the new partnership and promoting fixed income as an investment strategy, Schrager said Google Cloud has been "instrumental" in the success of TD's automated trading business.

"Google Cloud's offering has enabled us to construct a research platform that is one-of-a-kind in this space, with enough horsepower to drive the massive research workloads associated with our data-heavy approach," Schrager wrote.

The Long Island bank is trying to come back from a month-long spiral that sunk its stock price some 80%.

In a study posted weeks after it raised concerns about "junk fees," the Consumer Financial Protection Bureau noted that the amount of borrowers paying discount points doubled from 2021 to 2023, with the increase larger among consumers with lower credit scores.

The $12.1 billion-asset DCU launched the loan platform in 2022, and has seen volume jump by close to $600 million from when talks began in 2019 to last year.

First Busey closes acquisition of Merchants and Manufacturers Bank; Stax co-founders launch a new credit-scoring tool; UMB's marketing chief takes on consumer banking; and more in the weekly banking news roundup.

Based on the pace of deals through late March, the banking industry is on track for the most branch sales since 2021. Buyer interest has mounted alongside the need to acquire deposits, following hits to funding bases last year.

Senate Majority Leader Chuck Schumer, D-N.Y., tapped executive compensation and cannabis banking bills as bipartisan priorities that could see movement in the Senate in the "weeks and months ahead."

TD Bank Launches Complete Checking and Early Pay in Response to Customer Needs

2 minute read

In response to customer needs, TD Bank just unveiled TD Complete Checking, a new product that simplifies the checking experience, and TD Early Pay, which lets customers receive their eligible direct deposits up to two days early.

The new product and feature come from TD's commitment to evolving and delivering products and services that provide our customers with greater value, flexibility, and control in helping them to better manage their financial goals.

The bank understands how the needs of customers change and shift over time and we want to listen, learn and adapt to those changes for you.

“TD Complete Checking and TD Early Pay represent a significant milestone in TD’s journey to redefine everyday banking. As customer needs are continually evolving, we are delivering an insights-driven banking experience, which provides simplified banking options, and quicker access to funds,” said Courtney Mitchell, Head of Consumer Deposit Products and Payments at TD.

TD Complete Checking

This new product provides customers with an everyday banking option that allows them to waive the monthly maintenance fee as well as other benefits, including a $0 minimum open requirement.

Its goal is to streamline customers' banking experience, meeting them at every stage of their financial life cycle.

There are three ways to waive the usual $15 monthly fee.

These include receiving $500 or more in direct deposits within a statement cycle, maintaining a daily balance of $500 or maintaining a $5,000 minimum daily balance during a statement cycle across all personal deposit accounts that you choose to link.

Other benefits from Complete Checking include free basic checks for customers age 60 and older, no monthly maintenance fee and $0 non-TD ATM fees for young adults ages 17 through 23, and Early Pay on eligible direct deposits.

TD Early Pay

This new feature enables customers to access eligible direct deposits up to two business days early. Eligible direct deposits also include payments like government benefits, tax refunds, military pay and pensions – and customers can get it all faster.

TD Early Pay makes their money available as soon as TD receives information on the incoming direct deposit, allowing customers to do more with their money sooner and get a jump start on their finances.

Customers asked for more flexibility and control over their money and thus, Early Pay was born.

This feature now comes standard on all eligible TD checking and savings products and is offered to customers who are enrolled in direct deposit.

There is no enrollment or fee for this service. ​

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