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TD Student Banking Package
Earn up to $445 in value^ when you bank with TD as a Student. Conditions apply. Limited time offer.
Financial success starts here for students
With all the demands of school, let us help you take the stress out of banking. With TD, you get access to products and services (plus offers and rewards) designed especially for students. So you can spend your time living your best student life.
An account designed for students
Open a new TD Student Chequing Account and you could get a $125 Cash Offer.∑ Learn more.
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Monthly fee
$0
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Transactions1
Unlimited
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Interac e-Transfer®
Free
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Monthly Plan Overdraft Protection fee
$0
Why you'll love banking with TD as a student
Student life already comes with enough stress. Managing your finances shouldn’t add to it. At TD, we make it easier for you to open and manage your accounts, do your everyday banking, and even get rewarded in the process.
Student banking solutions 101
Financial advice and tools for students
TD Scholarships and opportunities for students
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Protect yourself against fraud
While we make every effort to secure your personal information, there's plenty you can do to avoid falling prey to fraud and identity theft. Through awareness and good online habits, you can spot scam attempts and significantly reduce your risk before it happens.
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The document provided must have been issued by the school and contain the student name, the name of the University or College, program and year of study. Example: A letter on school letterhead signed or stamped by the school, or a copy of the tuition bill.
The TD app and TD MySpend are free to download; however, standard message and data rates may apply.
1 For more information about transactions and a complete list of account fees, click here for Account and Other Related Service Fees. For information on our general services, please view our General List of Services.
2 Fees apply; see our About our Accounts and Related Services document for more information.
3 You are responsible for ensuring the mobile phone number we have on file is accurate and for notifying us of any changes. We will send the TD Fraud Alert text message instantly upon detection of suspicious activity; however, receipt of the text message may be delayed or prevented due to a variety of factors, such as technology failures, service outages, multiple third-party involvement. TD Fraud Alert text messages will only be sent to customers who have a Canadian mobile phone number and a Canadian mailing address in their TD customer profile. Receipt of the text message may also be delayed or prevented if the mobile phone number on file isn’t active and/or connected to a cellular network at the time suspicious activity is detected.
The offers may be changed, withdrawn or extended at any time and cannot be combined with any other offer unless otherwise indicated. All offers are contingent on satisfying the criteria outlined in the respective offer terms and conditions.
Calculating the $445 TD Student Banking Package Valuation
^The up to $445 value is based on the combined total value of:
- $125 Cash Offer when you start by opening a new TD Student Chequing Account∑ AND
complete any three of the following with your new TD Student Chequing Account before January 31, 2025:
- Set up a recurring direct deposit from your employer or the Government.
- Make an online bill payment of at least $50 through EasyWeb or the TD app.
- Use Interac e-Transfer® through EasyWeb or the TD app to send or receive at least $50,
- Make an online purchase using your TD Access Card with Visa* Debit.
- Set-up a Pre-Authorized Transfer Service or Simply Save Service to an eligible TD Savings Account
- Apply, be approved for and add Overdraft Protection Service on your new TD Student Chequing Account
- Up to $60 Cash Back Dollars when you open a new TD Cash Back Visa* Card Eligible for students onlyΔ
- Eligible students can earn up to $200 in value5 in the first year when opening a NEW TD Direct Investing account with ongoing benefits afterward□
- Ω $60 in savings with no monthly fee for the TD Monthly Plan Overdraft Protection service set up on a TD Student Chequing Account (regular $5 monthly fee for Monthly Plan Overdraft Protection)
∑ The $125 Cash Offer is available to full-time post-secondary students enrolled in an accredited university or college in Canada or elsewhere, who are Canadian residents that do not have an existing TD chequing account, that are the age of majority at time of account opening in their province or territory of residence. We reserve the right to limit the number of accounts opened and the number of cash offers by any one person. Your account must be open, active and in good standing at the time the cash offer is deposited. Please allow 12 weeks after the conditions have been met for fulfillment.
∏ Open a new TD Student Chequing Account between May 7, 2024, and October 31, 2024, (the “New Account”) and complete any three of the following with the new TD Student Chequing Account before January 31, 2025: (i) Set up a Recurring Direct Deposit from your employer or the Government with the first deposit posted to the new TD Student Chequing Account by January 31, 2025. The Direct Deposit must occur either weekly, biweekly, monthly or twice per month. Whether or not a Recurring Direct Deposit is acceptable for this offer is subject to our approval; (ii) Make an Online Bill Payment through EasyWeb or the TD app, minimum $50, by January 31, 2025; (iii) Make an Interac e-Transfer® transaction to send or receive money (minimum $50) through EasyWeb or the TD app by January 31, 2025; (iv) Make an online purchase using your TD Access Card with Visa* Debit by January 31, 2025. Regular transaction fees may apply, see About Our Accounts and Related Services for more information; (v) Set up a recurring Pre-authorized Transfer Service or Simply Save from the new TD Student Chequing Account to a TD Every Day Savings Account, TD ePremium Savings Account or TD High Interest Savings Account by January 31, 2025. Recurring Pre-authorized Transfer can be daily, weekly, bi-weekly, monthly. Simply Save can be daily, weekly or bi-weekly of any amount between $0.50 to $5.00; or (vi) Apply, be approved and add TD Monthly Plan Overdraft Protection or Pay As You Go Overdraft Protection (TD Pay As You Go Overdraft Protection is not available for Quebec residents) to your new TD Student Chequing Account by January 31, 2025. For any new TD Student Chequing Account that is a joint account, all account holders on the new TD Student Chequing Account must meet the Overdraft Protection eligibility requirements.
For more information about transactions and a complete list of account fees and Overdraft Protection Service Fees, see About Our Accounts and Related Services.
The following are not eligible for the $125 Cash Offer:
(i) Customers who already have a TD Chequing account that was closed on or after May 7, 2023; or
(ii) Individuals who received any chequing account offer from TD from 2021 to 2023; or
(iii) TD staff members or a joint account with a TD staff member.
For any new TD Student Chequing Account that is a joint account, at least one account holder on the new TD Student Chequing Account must meet the eligibility requirements. Limit of one $125 Cash Offer per customer, per new TD Student Chequing Account. The $125 Cash Offer will be deposited to the New TD Student Account within 12 weeks after all conditions have been met, provided that the new TD Student Chequing Account is still open, in good standing, with all conditions continuing to be met. We can change, extend or withdraw the $125 Cash Offer at any time, and it cannot be used in conjunction with any other offer or discount for the same product. All amounts are in Canadian dollars unless otherwise noted. Other conditions may apply.
Δ Annual interest rates, fees and features are current as of May 7, 2024 unless otherwise indicated and subject to change.
Limited Time Offer: This Offer starts on May 7, 2024 and ends October 31, 2024 (the "Offer Period") and is only available to those student cardholders of a new TD Cash Back Visa* Card ("Account"). Account must be opened by October 31, 2024. Offer consists of two parts that students may qualify for separately: a Mobile Purchase Bonus and a Cash Back Bonus
1) Mobile Purchase Bonus: Earn $10 Cash Back Dollars when you add your new TD Cash Back Visa* Card (opened during the offer period) to your mobile wallet and make a mobile purchase within the first 5 months. Eligible Purchases for the Mobile Purchase Bonus: Purchases must be charged to the Account at any merchant that accepts Apple Pay, Google Pay, or Samsung Pay during the Offer Period. Purchases made using any other method of payment will not qualify.
2) Cash Back Bonus: Earn $10 Cash Back Dollars for every statement cycle when you spend $200 or more on your TD Cash Back Visa* for the first 5 months, up to a maximum of $50 Cash Back Dollars. The total earned bonus will be a one-time payout.
Purchases made during a statement cycle but posted after the end of that statement cycle will not count towards eligible Purchases for that month and count towards eligible Purchases for the next statement cycle. For example, if your monthly statement cycle is from September 15 to October 14, a Purchase made on October 14 (Transaction date) and posts on October 15 (posting date) will not count for eligible Purchase for that month and will count towards spend in the next month's statement cycle. If the September 15 to October 14 period was your 6th monthly statement cycle, then the Purchase that was made on October 14 and posted on October 15 would not count towards this Offer.
To earn the up to $60 Cash Back Dollar to the TD Cash Back Visa* Card, you must keep your Account open, active and in good standing during the Offer Period and at the time the Cash Back Dollars are applied to your Account. Offer may be changed, withdrawn (excluding Quebec) or extended at any time and cannot be combined with any other offer unless otherwise indicated. Your Account must be in Good Standing at the time the Cash Back Dollars are awarded. Please allow 8 weeks after the conditions for each offer are fulfilled for the Cash Back Dollars to be credited to your TD Cash Back Visa* Card Account. This offer is not available to customers who have activated and/or closed a TD Cash Back Visa* Card Account in the last 12 months. We reserve the right to limit the number of Accounts opened by and the number of Cash Back Dollars awarded to any one person. Closing your Account or transferring to another TD Credit Card may result in forfeiture of any Cash Back Dollars not yet awarded.
Student Offer Eligibility will be allocated to those who apply for the TD Cash Back Visa* Card with Student as their Occupation. The Up to $60 Cash Back Dollar offer is available to full-time post-secondary students enrolled in an accredited university or college in Canada or elsewhere, who are Canadian residents that do not have an existing TD Credit Card Account.
This offer is not available to customers who transfer their existing TD Credit Card into a TD Cash Back Visa Card Account, or customers who have closed a TD Credit Card within the last 12 months.
See your Disclosure Statement and Cardholder Agreement for more details on annual interest rates, including how we charge interest and apply payments to Purchases.
Quebec Only
Primary Cardholder remains liable for all charges to the Account, including those made by any Additional Cardholder. Maximum of 3 Additional Cardholders on the Account.
(i) Annual Fees: To be charged on the first statement after your first use of the Card, and annually thereafter in the same month.
(ii) Billing Cycle/ Statement period: Can start on any calendar day of the month and can vary in length, although it lasts approximately one month.
(iii) Grace Period: You will benefit from an interest-free grace period of at least 21 days on Purchases if we receive payment in full on the Balance on your current statement by the Payment Due Date. There is no interest-free grace period on Cash Advances (including Balance Transfers, Cash-Like Transactions and TD Visa Cheques).
(iv) Minimum Payment: Your minimum payment is the greater of 5% of your New Balance or $10, plus all past due amounts and any amount that exceeds your credit limit. If the New Balance is less than $10, then the minimum payment is equal to the New Balance.
(v) Example of Interest Charges
Examples of Interest Charges for a 30-Day Billing Cycle |
||||
---|---|---|---|---|
Annual Interest Rate |
Average Daily Balance |
|||
$100 |
$200 |
$1,000 |
||
Purchases |
20.99% |
$1.73 |
$3.45 |
$17.25 |
Cash Advances |
20.99% |
$1.73 |
$3.45 |
$17.25 |
Purchases - Default Rate |
25.99% |
$2.14 |
$4.27 |
$21.36 |
Cash Advances - Default Rate |
27.99% |
$2.30 |
$4.60 |
$23.01 |
The Toronto-Dominion Bank is the issuer of the TD Cash Back Visa* Card.
□ Eligible students can earn up to $200 in value in the first year when opening a NEW TD Direct Investing account with ongoing benefits afterward. Receive a Trade Rebate covering the initial first 10 trades ($9.99 per trade), along with a 50% rebate on subsequent trading fees and a rebate on maintenance fees ($25 per quarter). Offer applies to any qualifying new TD Direct Investing client who is a Canadian resident of age of majority in their province or territory on May 7, 2024. The offer is available to all eligible students who are 25 years of age or under at the time of application. This offer begins on May 7, 2024 and ends on October 31, 2024. Please see the complete terms and conditions below for eligibility.
Trade and Maintenance Fee Reward Details: To qualify for the Trade and Quarterly Maintenance Fee rewards, a client must:
- Be a new or existing TD Student Chequing account holder at time of opening a New TD Direct Investing account ("New Account"). The offer is available to all clients who are 25 years of age or under at time of application.
- Open a New Account by October 31, 2024. A New Account may not be a TD Easy Trade™ account. The account type opened must be a single account holder: Cash, Tax Free Savings Account (TFSA), Margin, or Retirement Savings Account (RSP) account. Locked-in registered, non-personal, joint, RESPs, RIFs and RDSP accounts do not qualify for this offer.
- Place the first 10 commissionable trades in the New Account during the 12 month period starting from the date the New Account was opened to receive the full value rebate. Rebates apply only to self-serve trades placed electronically during this period. Trades placed over the phone with the assistance of an Investment Representative are not included. Up to 10 commission rebates will be applied to Canadian and U.S. equity, ETF, and/or option trades which incur a commission charge. For options trades, the flat commission trade fee will be rebated, but the commission fee per contract will still apply. Fixed income, mutual funds, trades placed on markets which are not in the U.S. or Canada, and new issues are excluded from this promotional offer.
- After the first 10 commission trades have been used or after 12 months since the TD Direct Investing account was opened, a 50% discount on subsequent commission trading fees will rebated. Discounts only apply to self-serve trades completed electronically. Discount will remain in place for as long as client is eligible.
- If account is charged maintenance fees, they will be rebated to the account on a quarterly calendar basis.
- Client must hold a TD Student Chequing account in good standing and be 25 years or under to continue qualifying for all discounts on the TD Direct Investing account.
- If client turns 26 years of age during the first 12 months of account opening, rebate promotions will remain active until the end of the first 12 month period.
- If client turns 26 years of age after 12 months since account opening, all promos and rebates will no longer be applied to the account.
- Keep a TD Student Chequing account in good standing to receive all eligible rebates.
- Clients requiring assistance to register or otherwise apply for this offer should contact an Investment Representative at 1-800-465-5463 or ask for assistance at their TD Canada Trust branch.
Further Terms and Conditions:
- To receive commission rebates, and discounted trading fees, a participant must keep their New Account in good standing with TD Direct Investing. Good standing requires that a New Account must not go into a debit position or into a margin call. Debit positions on margin accounts are acceptable. TD Direct Investing account must be linked to the profile within the retail banking division of The Toronto-Dominion Bank (TD Canada Trust) to confirm student bundle eligibility. The option to link may be changed anytime by contacting TD Direct Investing.
- Employees of TD Bank Group are not eligible for this offer.
- The offer, rebates and discounts may be changed, extended, or withdrawn at any time without notice.
- This offer cannot be used in conjunction with any other TD Direct Investing offer.
- This offer is not transferrable to other clients or, if the client joins an existing household, to any preexisting account belonging to the household.
- There may be tax implications associated with the commission rebate. Clients should consult with their personal tax advisor for more information. For registered plans, the commission rebate is paid directly to the plan and is not considered a contribution.
- Up to 10 trade commissions will be rebated at full value and subsequent trades will be rebated at a discount of 50%. Please review our Fees & Pricing information available on our website.
- If trades are placed in CAD, the commission will be rebated to a maximum of $9.99/trade CAD. Trade commissions placed in USD will be rebated in USD to a maximum of $9.99/trade USD.
- Commission fees will be rebated to the New Accounts which were charged the commission on a first in first-out basis from the date the account is opened.
- Terms of trading fee rebates: TD Direct Investing will apply a bulk rebate of eligible trades to your Account on August 31, 2024 and then rebate eligible commissionable trades to your New Account by every last business day of the month (starting September 30th, 2024) for commissionable trades placed in the previous month. If last day of the month is a holiday, commission rebates will be applied within the next 2 business days.
- Terms of Maintenance Fee rebates: If the quarterly maintenance fee is charged to the account, it will be rebated back to the account on a quarterly calendar basis.
TD Direct Investing is a division of TD Waterhouse Canada Inc., a subsidiary of The Toronto-Dominion Bank.
TD Easy Trade™ is a service of TD Direct Investing, a division of TD Waterhouse Canada Inc., a subsidiary of The Toronto-Dominion Bank.
TD Bank Group means The Toronto-Dominion Bank and its affiliates, who provide deposit, investment, loan, securities, trust, insurance and other products or services.
®The TD logo and other TD trademarks are the property of The Toronto-Dominion Bank or its subsidiaries.
Visa* is a registered trademark of Visa International Service Association, used under license.
Interac® e-Transfer is a registered trademark of Interac Corp. Used under license.