1Rate as of 8/1/23 - 12/19/23. The minimum balance in the TD Small Business Premium Money Market account to obtain the 4.25% APR is $25,000. This is a promotional rate and is variable based on the Federal Reserve rates. The rate is subject to change without notice. If the minimum balance is reduced to less than $25,000, but is at least $10,000, the rate will be reduced to 1% APR. If the minimum balance is less than $10,000, the rate is 0.15% APR. $15 monthly maintenance fee is waived with a $2,500 minimum daily balance. Rates are calculated using an Annual Percentage Yield (APY) which assumes the account remains on deposit for one year at the same interest rate. This promotional rate targets new money to TD Bank. New Small Business Premium Money Market accounts opened after 8/1/23 will have the promotional rate automatically applied within two business days of account opening. Existing accounts are eligible for this rate on an exception basis, consult your Small Business Banker for details.
2If you are approved for an Account in response to this specific offer, you are eligible to earn a One-Time Bonus Offer (“One-Time Bonus Offer”) of 40,000 Bonus Points, equal to $400 in the form of a statement credit. To qualify for the $400 statement credit, you must spend $3,000 in total Purchases using the Account within 90 days of the Account opening date. Provided your Account is open and in good standing, the 40,000 Bonus Points, equal to a $400 statement credit, will be reflected on your Account within 6 to 8 weeks after you have met the eligibility criteria. This One-Time Bonus Offer is not available if you open an account in response to a different offer that you may receive from us or if you previously received a One-Time Bonus Offer on this Account or any other account with us. This One-Time Bonus Offer equal to a $400 statement credit is not eligible for the 1% Redemption Bonus.
3All Loans and Lines of Credit subject to credit approval and terms and conditions of final agreements. Renewals and refinances to existing loans and lines of credit are not eligible for offers. Borrowers who have paid off and closed a line of credit after August 1, 2022 are not eligible for offers. Applications must be received between August 1, 2023 and October 31, 2023 to qualify. Qualified applicants must maintain an active TD Bank Business Checking account from which loan payments will be auto-deducted. The interest rate for Lines of Credit approved without an SBA Guaranty meeting the auto-payment qualification will be Wall Street Journal Prime (WSJP) + 0.00%. The interest rate for Lines of Credit requiring an SBA Guaranty and meeting the auto-payment qualification will be Wall Street Journal Prime (WSJP) + 3.00%. Other fees and charges may apply; speak with your local lender for details.
Closing fee waiver applies to booked SBA 7(a) Term and Commercial Real Estate Mortgages up to $5,000,000. Offer excludes Terms and Commercial Real Estate Mortgages booked conventionally or under the SBA Express Program. Closing fee waiver of up to $2,000.00 will be applied to SBA appraisal, environmental or business valuation fee. Qualified applicants must maintain an active TD Bank Business Checking account from which loan payments will be auto-deducted. Closing fee waiver not to exceed $2,000.00 in value. Borrower will be responsible for all assessed commitment and closing fees if Borrower withdraws loan application after appraisals have been conducted. Other fees and charges may apply; speak with your local lender for details.
Application must be received by October 31, 2023. Line or loan must be booked by 12/31/2023 or waived fees will be charged at closing.
4Merchant Solutions Offers Details – July 4, 2023 – September 30, 2023
New Merchant Accounts Offer: New merchant accounts can earn 1% cash back up to $300 on eligible net volume (valid gross sales minus any returns) processed during the month merchant account was approved and the first two full statement cycles following the month the account was approved (maximum of 3 calendar months). Plus, merchants can earn an additional bonus of $200 if the merchant processes $200,000 cumulatively, during the month merchant account was approved and the first 5 statement cycles after approval (maximum of 6 calendar months). Offer is available to any New Merchant account that is applied for from 07/04/2023 through 09/30/2023 and meets the additional conditions below.
Additional Conditions: Offer is available to any New Merchant account that is applied for from 07/04/2023 through 09/30/2023 and meets the additional conditions below:
All Merchant Solutions accounts are subject to credit approval, additional Terms and Conditions outlined in the Merchant Solutions Processing Agreement apply.
New merchants can earn 1% cash back on eligible net transaction volume (valid gross sales minus any returns) processed during the first three months after account approval (first three statement cycles (3 calendar months)). The maximum 1% cash back is capped at $300. For example, if your merchant account is approved on 9/25/2023, and you processed $45,000 in eligible net transaction volume during the period 9/25/2023 to 11/30/2023 (first 3 statement cycles), you would earn $300 cash back.
Additional Bonus New merchants can earn an additional $200 in cash back for processing a minimum of $200,000 in eligible net transaction volume during the first 6 statement cycles from account approval.
1% Cash Back and $200 Bonus Cash Back Offers: Offers available to any new TD Merchant Solutions account that applies for a new Merchant Solutions account during the promo period, 7/04/2023 to 9/30/2023 and is subsequently approved to be open. Merchant must sign a 3-year Merchant Solutions Processing Agreement and must begin processing through their Merchant Solution 10/1/2022-12/31/2022.
Bonus Offer Disclosure: Merchant Solutions account during the campaign period set forth above. TD Merchant Solutions will determine qualifying eligible net transaction volume in its sole discretion (e.g., returns, chargebacks, etc. will not be included). The credit will appear on the Merchant’s processing statement the month following the month in which qualifying transactions are processed. Total amounts earned by merchants who qualify for both offers will not exceed $500. Merchant’s settlement account must be a TD Bank Business DDA checking account. No payments will be made if merchant account is not open and in good standing at the time the offer is calculated and paid.
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