TD Canada TrustBusiness Chequing

TD Business Digital Account

Our take: the closest thing to a like-for-like rival to RBC’s $6 digital account — same price, same 10 e-Transfers, unlimited electronic transactions — but it charges $5.00 per $1,000 on cash deposits, the highest of the big banks.

Included each monthUnlimited electronic transactions and deposit items, plus 10 Interac e-Transfers.

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Our review

The TD Business Digital Account is TD’s entry-level business chequing plan and a direct competitor to RBC Digital Choice: $6 a month, unlimited electronic transactions through the TD app, EasyWeb and ATMs, unlimited deposit items, and 10 Interac e-Transfers included. Where it differs is at the counter. Assisted transactions cost $2.50 each and cash deposits cost $5.00 per $1,000 — roughly double what BMO charges — so the further your business is from purely digital, the more this account costs relative to its rivals.

At a Glance

Monthly fee

no minimum to open or maintain

Electronic transactions

Unlimited

self-serve app, EasyWeb and ATM

Interac e-Transfers

10 per month

then $1.50 each

Deposit items

Unlimited

Cash deposits

$5.00 per $1,000

Assisted transactions

$2.50 each

Fees confirmed on TD’s product page on September 25, 2026.

Pros and Cons

What works

Unlimited electronic transactions and unlimited deposit items for $6 a month.
No minimum balance required to open or maintain the account.
Ten Interac e-Transfers included each month, matching RBC and more than BMO’s six.
TD publishes its cash and assisted transaction rates clearly on the product page, which not every bank does.

What to watch

Cash deposits cost $5.00 per $1,000 — double BMO’s $2.50 and the highest among the big-bank entry accounts we compared.
Assisted (in-branch) transactions are $2.50 each, so branch use gets expensive quickly.
No minimum-balance waiver, so the $6 is unavoidable.
No interest is paid on the balance.

What It Costs

$6Monthly account fee, with no balance waiver

$0Unlimited electronic transactions and deposit items

$1.50Each Interac e-Transfer beyond the 10 included per month

$5.00Per $1,000 of cash deposited

$2.50Each assisted (in-branch) transaction

A retailer depositing $10,000 of cash a month would pay about $50 in deposit fees here against roughly $25 at BMO — on a $6 account, the cash rate matters far more than the monthly fee.

How Your Money Is Protected

TD Canada Trust is a CDIC member institution. Eligible deposits are insured by the Canada Deposit Insurance Corporation up to $100,000 per depositor, per insured category.

Who It’s For

A good fit if

Your business banks digitally and deposits little or no cash.
You already bank with TD personally and want your business banking alongside it.
You want unlimited electronic transactions without a minimum balance.

Look elsewhere if

You are a cash-heavy business — the $5.00 per $1,000 rate is the worst of the entry-level big-bank accounts.
You rely on branch service; assisted transactions are $2.50 each.
You want interest on your operating balance.

Not Sure? Accounts People Compare It With

RBC Digital Choice Business Account

Pick this instead if you want the same $6 and 10 e-Transfers but would rather not commit to TD’s $5.00 per $1,000 cash rate.

Fee $6/mo10 free e-Transfers, unlimited electronic

BMO Essential Business Account

Pick this instead if you deposit cash and want to pay $2.50 per $1,000 rather than $5.00.

Fee $5/moCheapest big-bank plan, 6 e-Transfers

Venn Business Account

Pick this instead if you bank entirely digitally and want no monthly fee, free e-Transfers and interest on the balance.

Fee $0/mo2% interest, free e-Transfers both ways

TD Business Digital Account

Fees confirmed September 25, 2026

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Jen, founder of MoneyMint

Reviewed by Jen. We verify every rate, fee and account term against the institution’s own published material before we publish it, and we re-check on a set schedule.

Fees and account terms in this review were confirmed on the institution’s own site on September 25, 2026. MoneyMint does not currently have an affiliate relationship with this institution. Account fees and features change without notice — confirm current terms on the institution’s own page before you open an account. This is general information, not financial, legal or tax advice.

Frequently Asked Questions

How much does the TD Business Digital Account cost?

$6 a month, with no minimum balance required to open or maintain it and no balance waiver available.

How many Interac e-Transfers are included?

Ten per month. Beyond that they cost $1.50 each. That matches RBC Digital Choice and beats BMO’s Essential Business Account, which includes six.

What does it cost to deposit cash?

$5.00 per $1,000 deposited. That is the highest rate among the entry-level big-bank business accounts we compared — BMO charges $2.50 per $1,000 — so a cash-heavy business should weigh that carefully against the identical $6 monthly fee.

Is there a fee for using a branch?

Yes. Assisted transactions cost $2.50 each. The account is priced as a digital plan, so routine branch banking is charged rather than included.

Does the account pay interest?

No. TD does not advertise interest on this account. Businesses holding a surplus balance typically pair an operating account with a separate business savings account.