∞ The $50 cash offer for Monthly Plan Overdraft Protection or Pay As You Go Overdraft Protection (ODP) is available to Canadian residents that are the age of majority in their province or territory at the time of the approval of the ODP. To earn the $50 cash offer, a New Chequing Account customer must:
- Open a TD All-Inclusive Banking Plan or a TD Unlimited Chequing Account between February 1, 2023, and May 31, 2023, in accordance to Offer 1, and
- Apply, be approved, and add Overdraft Protection service (Pay As You Go Overdraft Protection is not available for Quebec residents) to the New Chequing Account by May 31, 2023, and
- Keep the new Overdraft Protection service, active and in good standing for 30 days after approval.
The offer is not available to:
- Customers who already have a TD Chequing Account with Overdraft Protection service in place on January 31, 2023, or
- TD staff members or any TD customers who has a joint account with a TD staff member.
The $50 cash will be deposited to the New Chequing Account within 12 weeks after all conditions have been met, and the Overdraft Protection is still open, in good standing, with all conditions continuing to be met. Limit of one $50 cash offer per customer per New Chequing Account with Overdraft Protection. For any New Chequing Account that is a joint account, all account holders on the New Chequing Account must meet the ODP eligibility requirements. Each account holder must be age of majority in their province of residence to apply for ODP and is subject to credit approval.
Monthly Plan Overdraft Protection service fee is $5 a month on TD Unlimited Chequing Account and TD All-Inclusive Banking Plan. Fee for Pay As You Go Overdraft Protection is $5.00 for each eligible overdraft transaction (maximum of $5.00 a day regardless of number of overdraft transactions). Amount in overdraft is subject to an interest rate of 21% per annum. ODP fees and interest rate are current as of May 24, 2022, unless otherwise indicated and subject to change. For more information and a complete list of account fees and Overdraft Protection Service Fees, see About Our Accounts and Related Services.