TD Bank has announced an expansion of its low-cost and no-cost banking options for Indigenous people.
As part of the enhancements, the TD Minimum Chequing Account will now be available with no monthly fee to Indigenous Peoples from Canada.
“We know that meaningful access to banking services plays a crucial role in building financial well-being,” said Doris Bear, Vice President, Indigenous Banking, TD.
“By broadening our no-cost offering, we’re taking another step forward in our work to support Indigenous communities’ financial goals and promote reconciliation in a tangible way.”
Key features of the account include:
- 12 debit transactions per month, including up to 2 completed in a TD branch or through EasyLine Telephone banking
- Unlimited public transit transactions at most Canadian public transit agencies/merchants
- No Interac e-Transfer® fee when sending funds
- Free digital monthly statements
- No minimum balance requirement
- $0 monthly fee on TD Monthly Plan Overdraft Protection
The changes are set to take effect November 28.
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