Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026
TD Every Day Chequing Account
Our take: TD’s mid-tier chequing account: 25 free transactions a month plus unlimited public transit transactions, with the $11.95 fee waived if you keep $3,000 in the account — a reasonable middle ground for people who don’t need unlimited transactions but want more than the minimum plan.
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The Every Day Chequing Account sits between TD’s low-fee Minimum Chequing Account and its unlimited-transaction plans. It includes 25 transactions a month plus unlimited public transit transactions, a $11.95 monthly fee that’s waived with a $3,000 minimum balance, and free Interac e-Transfers. It’s built for people whose banking activity is more than occasional but doesn’t need to be unlimited.
MoneyMint rating
#14 of 16 chequing accounts · How we rate
$72
real annual cost — the fee, or the interest given up on the balance that waives it, whichever is lower. Run your own numbers →
The $3,000 waiver does not make this account free. It changes what it costs from $143 a year to about $72 — because that $3,000 earns nothing sitting in a chequing account.
The waiver is the better of the two options here. You would need to tie up close to $5,975 before paying the $11.95 outright became cheaper. But it is not the same as a free account.
There is a third option this comparison makes visible: a chequing account with no monthly fee at all, with the $3,000 kept in savings instead. That costs nothing and earns the $72.
Which is right depends on whether you would keep that $3,000 idle anyway. If it is a buffer you never touch and never intended to invest, the waiver costs you little in practice. If you are stretching to hit the minimum, or that money could be working, the real cost is the full $72 — and a no-fee account is the better answer. See our chequing account ranking and best high-interest savings rates.
Real annual cost is the lower of the annual fee and the interest given up on the balance needed to waive it. The 2.40% comparison rate is the highest rate available with no conditions among the savings accounts we track, checked September 17, 2026. Run your own numbers →
Not Sure? Three Accounts People Compare It With
TD Minimum Chequing Account
Pick this instead if you want a lower monthly cost and don’t need 25 transactions a month.
Fee $3.95Transactions 12
TD Unlimited Chequing Account
Pick this instead if you need more than 25 transactions a month and don’t want per-transaction fees.
Fee $17.95Transactions Unlimited
Tangerine No-Fee Daily Chequing
Pick this instead if you want unlimited transactions with no monthly fee and no minimum balance at all.
Fee $0Bonus $250
TD Every Day Chequing Account
Fees confirmed September 25, 2026
Fees and terms in this review were confirmed on td.com on September 17, 2026. MoneyMint does not currently have an affiliate relationship with TD; this review is independent editorial content. TD’s fees and terms can change at any time. This is general information, not financial advice — confirm current details on TD’s own page before you open an account.
Frequently Asked Questions
How much does the TD Every Day Chequing Account cost?
The monthly fee is $11.95 ($8.20 for seniors 60 and older), waived if you maintain an end-of-day balance of $3,000 or more every day of the month.
How many free transactions does the account include?
25 transactions per month are included, plus unlimited public transit transactions. Additional transactions beyond the 25 cost $1.25 each.
Are Interac e-Transfers free with this account?
Yes, there’s no transfer fee to send or request money using Interac e-Transfer.
What ATM fees apply?
TD charges $2.00 per transaction at non-TD ATMs in Canada, $3.00 at foreign ATMs in the U.S. or Mexico, and $5.00 at foreign ATMs elsewhere.
Is my money protected in a TD Every Day Chequing Account?
TD states deposits may be insurable by the Canada Deposit Insurance Corporation (CDIC), within CDIC limits.