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Which TD Small Business Bank Account?

TD Small Business Bank Accounts offer a variety of features and benefits tailored to help you manage your money and grow your business.

Compare, then choose the TD Business Chequing Account that helps meet your particular business needs.

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Help me choose

Featured accounts

Here are just 3 of our most popular Small Business Bank Accounts.

TD Basic Business Plan

Designed for businesses with just a few monthly transactions

  • $5.00 monthly fee
  • 5 deposit items
  • 5 transactions

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TD Every Day Business Plan A

A budget-friendly plan for everyday business banking

  • $19.00 monthly fee ($0 with fee rebate when you hold a minimum daily balance of $20,000)
  • 50 deposit items
  • 20 transactions

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Open an account

TD Unlimited Business Plan

Our most flexible banking plan for your business; more features available

  • $125 monthly fee ($0 with fee rebate when you hold a minimum daily balance of $65,000)
  • Unlimited deposit items
  • Unlimited transactions
  • Free Interac e-Transfer® transactions
  • Annual fee rebate for the TD® Aeroplan® Visa* Business Card or TD Business Travel Visa Card

View Details

Open an account

TD Small Business Bank Accounts: how to apply

Different types of businesses require different approaches. Choose yours to find out more. 

Sole proprietorship

What you’ll­­­ need to apply for your TD account

 

  • Certificate of Business Registration
  • Trade Name Registration (if applicable)
  • One piece of original and valid government issued photo identification 

Or one document from each of the following categories

  1. Canadian Property Tax Assessment (municipal)

  2. Canadian provincially issued vehicle registration

  3. Benefits statement from a Canadian Federal or Provincial Government 

  1. Utility bill that delivers service to a residence 

  2. Registered Retirement Account statement (other than a TD statement) 

  3. Term deposit/GIC statement (other than a TD statement) 

  1. Canadian Birth Certificate

  2. Canadian Citizenship Certificate (non-photo)

  1. Temporary Canadian Driver's License

  2. Insurance document issued by a Canadian insurer

Corporation

What you’ll­­­ need to apply for your TD account

 

  • Articles of Incorporation 
  • Certificate of Business Registration
  • Trade Name Registration (if applicable)
  • If your organization solicits donations from the public, Canada Revenue Agency registration business number is required  
  • Director Information, required for each director of the business
    • Name, address, occupation including employer name and address  
    • Ownership Information, including full ownership structure with names and addresses
  • Confirmation of business address, i.e., utility or property tax bill
  • For each signing authority, one piece of original and valid government issued photo identification

Or one document from each of the following two categories

  1. Canadian Property Tax Assessment (municipal)

  2. Canadian provincially issued vehicle registration

  3. Benefits statement from a Canadian Federal or Provincial Government

  1. Utility bill that delivers service to a residence

  2. Registered Retirement Account statement (other than a TD statement)

  3. Term deposit/GIC statement (other than a TD statement)

  1. Canadian Birth Certificate

  2. Canadian Citizenship Certificate (non-photo)

  1. Temporary Canadian Driver's License 

  2. Insurance document issued by a Canadian insurer

Partnership

What you’ll need to apply for your TD account

 

  • Partnership Agreement
  • Certificate of Business Registration (if applicable)
  • Trade Name Registration (if applicable) 
  • Partnership/ownership information, including full ownership structure with names, addresses, occupations including employer names and addresses
  • Confirmation of business address, i.e., utility or property tax bill
  • For each signing authority, name, address, occupation including employer name and address plus one piece of original and valid government issued photo identification

Or one document from each of the following two categories. 

  1. Canadian Property Tax Assessment (municipal)

  2. Canadian provincially issued vehicle registration

  3. Benefits statement from a Canadian Federal or Provincial Government

  1. Utility bill that delivers service to a residence

  2. Registered Retirement Account statement (other than a TD statement)

  3. Term deposit/GIC statement (other than a TD statement)

  1. Canadian Birth Certificate

  2. Canadian Citizenship Certificate (non-photo)

  1. Temporary Canadian Driver's License

  2. Insurance document issued by a Canadian insurer

Association

What you’ll need to open your TD account

 

  • Articles of Association (if applicable)
  • Letter of larger association, authorizing the opening and operation of the account (if applicable; typically applies to sports teams or community associations)  
  • If your organization solicits donations from the public, Canada Revenue Agency registration business number is required  
  • Confirmation of business address, i.e., utility or property tax bill, or letterhead from your larger association
  • For each signing authority, one piece of original and valid government issued photo identification

Or one document from each of the following two categories

  1. Canadian Property Tax Assessment (municipal)

  2. Canadian provincially issued vehicle registration

  3. Benefits statement from a Canadian Federal or Provincial government

  1. Utility bill that delivers service to a residence

  2. Registered Retirement Account statement (other than a TD statement)

  3. Term deposit/GIC statement (other than a TD statement)

  1. Canadian Birth Certificate

  2. Canadian Citizenship Certificate (non-photo)

  1. Temporary Canadian Driver's License

  2. Insurance document issued by a Canadian insurer

Benefits of TD Business Banking

  • Business Banking Specialists

    TD Business Banking Specialists are devoted solely to helping you start your business banking journey wherever you do business.

  • Convenient Banking

    With TD, you can bank as you choose: online, over the phone, with the TD app, and in a branch.

  • Online and Mobile Banking

    Our online tools can help you manage your business banking with ease at any time you choose. 

Other TD products and services

FAQs

If you’re an operating business we require you to open a business account.

Your time is valuable. That’s why we’ve dedicated TD Business Banking Specialists to help you complete the account opening process remotely by phone.

Does your business have only a single signer? You can also apply for an account online in as little as 15 minutes.

When operating a business, opening a business bank account has many benefits. By separating your personal and business banking, you can manage your finances more easily by tracking your income, expenses, and cash flow. You can also save time with tax filing, as it’s quicker to gather the financial information and transactions you need to file your business taxes.

We have several business banking plans available to meet the unique needs of your business. When choosing, consider the frequency of your transactions and the balance you expect to maintain.

You can view our accounts, or use our Account Selector Tool for account recommendations.

Your appointment with a TD Business Banking Specialist can typically be completed within an hour. To ensure speedy access to your new account, be sure to have all the documents you need prior to your appointment.

There's no initial minimum deposit needed to open a TD business account.

Depending on the way you’ve structured your business, the documents you’ll need will vary. For details, you can refer to our account opening checklist.

Not sure which service plan is right for you?

Try our selector tool

Discover which Service Plan best matches your business needs.

Find a plan

Browse all accounts

What type of business bank account do you need?

TD Every Day Business Plan A

A budget-friendly plan for everyday business banking

  • $19.00 monthly fee ($0 with fee rebate when you hold a minimum daily balance of $20,000)
  • 50 deposit items
  • 20 transactions

View Details

Open an account

TD Every Day Business Plan B

A cost-effective, flexible way to conduct your business banking

  • $39 monthly fee
  • 50 deposit items
  • 60 transactions

View Details

Open an account

TD Every Day Business Plan C

Valuable business banking features for your daily business banking needs

  • $72 monthly fee
  • 50 deposit items
  • 120 transactions

View Details

Open an account

TD Basic Business Plan

Designed for businesses with just a few monthly transactions

  • $5.00 monthly fee
  • 5 deposit items
  • 5 transactions

View Details

Open an account

TD Unlimited Business Plan

Our most flexible banking plan for your business; more features available

  • $125 monthly fee ($0 with fee rebate when you hold a minimum daily balance of $65,000)
  • Unlimited deposit items
  • Annual fee rebate for the TD® Aeroplan® Visa* Business Card or TD Business Travel Visa Card
  • Unlimited transactions
  • Free Interac e-Transfer® transactions

View Details

Open an account

Business Savings Account

A complement to your Business Chequing Account

  • $0 monthly plan fee
  • Unlimited transfers
  • Tiered, competitive interest rates

View Details

Book an appointment

TD Community / Not-for-Profit Plans

Flexible and cost-effective banking plans for community groups and non-profits

  • Monthly plan fees starting $1.95
  • 15-30 deposit items
  • From 5 transactions

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AgriInvest Account

For farmers who want help preparing for the unexpected

  • Helps you manage small income declines
  • Grow your account with deposits, interest, and matching government contributions

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U.S. Dollar TD Every Day Business Plan A

A budget-friendly plan for everyday business banking

  • $19 monthly plan fee
  • 50 deposit items
  • 20 transactions

View Details

Open an account

U.S. Dollar TD Every Day Business Plan B

A cost-effective, flexible way to conduct your business banking

  • $39 monthly fee
  • 50 deposit items
  • 60 transactions

View Details

Open an account

U.S. Dollar TD Every Day Business Plan C

Valuable business banking features for your daily business banking needs

  • $72 monthly plan fee
  • 50 deposit items
  • 120 transactions

View Details

Open an account

U.S. Dollar TD Basic Business Plan

A basic plan for businesses transacting in U.S. dollars

  • $5.00 monthly plan fee
  • 5 deposit items
  • 5 transactions

View Details

Open an account

U.S. Dollar TD Unlimited Business Plan

A flexible banking plan for your business

  • $125 monthly plan fee
  • Unlimited withdrawals and transfers
  • Unlimited deposit items

View Details

Open an account

U.S. Dollar TD Community / Not-for-Profit Plans

For not-for-profit associations and organizations

  • Monthly plan fees starting $1.95
  • 15-30 deposit items
  • From 5 transactions

View Details

Book an appointment

Ways to open an account

  • Book an appointment

    Fill in your information to have a TD Small Business Banking Specialist contact you.

    Book now

  • Find an Account Manager

    Meet an Account Manager Small Business (AMSB) in person at your nearest TD branch.

    Find now