Fee refund · Canada
How to get a TD Canada Trust fee refunded
The short answer
TD lists a $10 NSF fee (not charged more than once in 2 business days on the same personal deposit account, or when you are overdrawn by less than $10) and a $5 Payment Coverage Fee plus 21% annual interest when it approves a payment above your balance. TD Every Day Chequing has an $11.95 monthly fee that is $0 with a $3,000 daily balance.
To ask for a fee back, contact TD Canada Trust soon after it posts, name the fee, its date and amount, and ask for a one-time courtesy refund. TD Canada Trust decides — it isn’t guaranteed.
By Meet PandyaChecked Source: TD Canada Trust About Our Accounts and Related Services (effective March 5, 2026) and TD’s online fee summary
TD Canada Trust’s common fees
From TD Canada Trust’s official fee schedule, in Canadian dollars. Fees below are for TD Every Day Chequing Account, TD Unlimited Chequing Account, TD Minimum Chequing Account.
| Fee | Amount | How to avoid it |
|---|---|---|
| Non-sufficient funds (NSF) fee | $10 each time a cheque or payment higher than the available balance is presented for payment (a re-presentment counts as another payment)[1][2][3] | TD says it will not charge an NSF fee more than once within a period of 2 business days on the same personal deposit account, or if you are overdrawn by less than $10. TD says Overdraft Protection can help prevent declined transactions and non-sufficient funds (NSF). |
| Payment Coverage Fee (overdraft fee) | $5 plus 21% annual interest on the overdraft balance, when TD approves a cheque or payment that is higher than the available balance[1][2] | Quebec account holders with Overdraft Protection pay only the interest, not the $5 fee. With Overdraft Protection, TD’s account document lists the $5.00 fee for payments above your balance plus your Overdraft Limit. |
| Overdraft Protection (optional) | Monthly Plan: $5 per month on Every Day, Unlimited and Minimum Chequing, plus 21% a year interest on the amount overdrawn. Pay As You Go: $5 per use, at most $5 in one day, plus 21% interest. Credit limit from $300 to $5,000.[1][2][3] | The Monthly Plan fee is $0 on TD Student Chequing, on Quebec accounts, and on TD Minimum Chequing when its monthly fee is $0 for Guaranteed Income Supplement recipients, RDSP beneficiaries, Indigenous Peoples from Canada or newcomers (first year). Pay As You Go is not available on Quebec accounts. |
| Monthly fee - TD Every Day Chequing Account | $11.95 per month (25 transactions included)[1][2] | $0 if you keep a Daily Closing Balance of $3,000 on each business day of the month. Seniors (60 or older) pay $8.20, or $0 with the minimum daily balance maintained. |
| Monthly fee - TD Unlimited Chequing Account | $17.95 per month (unlimited transactions)[1][2] | $0 if you keep a Daily Closing Balance of $4,000 on each business day of the month. Seniors (60 or older) pay $11.95, or $0 with the minimum daily balance maintained. |
| Monthly fee - TD Minimum Chequing Account | $3.95 per month (12 transactions included, but only 2 a month at a branch or with an EasyLine Telephone Banking representative)[1][2] | $0 for recipients of the Guaranteed Income Supplement, beneficiaries of a Registered Disability Savings Plan, Indigenous Peoples from Canada, and newcomers to Canada (for the first year in Canada). Proof of eligibility is required when you open the account. |
| Transaction fee over the monthly limit | $1.25 for each additional transaction on TD Every Day Chequing (over 25) and TD Minimum Chequing (over 12)[1][2] | Purchases at most Canadian public transit agencies and merchants do not count toward the monthly limit. TD Unlimited Chequing and the TD All-Inclusive Banking Plan include unlimited transactions with no transaction fees. |
| Non-TD ATM fee | $2.00 per withdrawal at a non-TD ATM in Canada; $3.00 in the USA or Mexico; $5.00 in any other foreign country. The ATM owner’s own fee is added to the amount you withdraw.[1][2] | The Canadian fee is waived on TD Unlimited Chequing and the TD All-Inclusive Banking Plan; the USA, Mexico and other-country fees are waived on the TD All-Inclusive Banking Plan. There is no fee at a TD ATM. |
| Foreign currency purchase with TD Access Card (debit) | 3.5% of the purchase amount after conversion to Canadian dollars at the Visa International rate (cards with the Visa Debit logo). Foreign cash withdrawals at ATMs also include a 3.5% fee on the amount received plus any ATM provider fee.[1][2] | — |
TD Canada Trust’s overdraft rules
- Federal rules in force since March 12, 2026 cap NSF fees on personal deposit accounts at federally regulated banks at $10, allow no more than one NSF fee per account within 2 business days, and allow none when the account is overdrawn by less than $10 (Financial Consumer Agency of Canada).
- TD says Overdraft Protection gives access to funds up to your approved limit, from $300 to $5,000; you must apply, interest is 21% per year on amounts overdrawn, and overdrawn balances must be repaid within 89 days.
- TD says that with Pay As You Go Overdraft Protection the most you will pay in one day is $5, plus 21% interest per year on the overdrawn amount.
- FCAC says financial institutions must send e-alerts when your account balance falls below a threshold; $100 is the default and you can change the amount or opt out.
How to ask for a courtesy refund
General tips — not bank policy. What works is being specific, honest and brief.
- Ask soon after the fee posts, and name it exactly: the fee, its date and the amount.
- Say briefly what happened — a deposit that hadn’t cleared yet, a timing mix-up, a first slip in years. Keep it honest.
- Ask for a one-time courtesy refund of that fee. If you’ve banked there a long time or rarely pay fees, it’s fair to mention it.
- Be polite and brief. If the answer is no, ask whether there’s a way to avoid the fee next time — low-balance alerts, overdraft settings, or a different account.
- Banks decide case by case. A refund once doesn’t mean you’ll get one again, and nothing guarantees one.
What TD Canada Trust says: TD’s About Our Accounts and Related Services says monthly fees are based on the account type you hold on the last day of the month, but for some accounts TD will refund the fee if you maintain the required Daily Closing Balance on each business day of the month.
How to contact TD Canada Trust
As listed on TD Canada Trust’s own website.
- Phone (EasyLine Telephone Banking): 1-866-222-3456 (English), 1-800-895-4463 (French); TTY 1-800-361-1180. TD’s contact page also lists the TD app: choose Contact Us, then Call Us, then Accounts (works only if you are in Canada).[4]
- Secure messaging (EasyWeb Messaging): Log into EasyWeb on a desktop, select your chequing, savings or credit card account, and use the messaging icon to start a live agent conversation; TD says agents respond between 8 am and 10 pm ET Monday to Sunday.[4]
- Appointment: Book an appointment to meet an advisor in branch or by phone.[4]
- Complaints (step 1): For personal banking complaints about chequing and savings accounts, Overdraft Protection and credit cards, TD lists 1-833-259-5980. To escalate, ask to be passed to TD Client Care (customer.care@td.com, toll-free 1-833-259-5980).[5]
- Further escalation: TD’s Senior Customer Complaints Office (td.scco@td.com, toll-free 1-888-361-0319). You can take a complaint to the Ombudsman for Banking Services and Investments (OBSI) once 56 days have passed since you raised it, or after the Senior Customer Complaints Office replies in writing.[5]
Wally, your AI money agent
Let Wally ask for you
Wally spots bank fees and can ask your bank’s chat or secure messages for a one-time courtesy refund. Not guaranteed.
TD Canada Trust decides case by case.
Read-only — Wally never moves your money.
TD Canada Trust fee FAQ
How much is TD’s NSF fee?
TD lists a $10 NSF fee each time a cheque or payment higher than your available balance is presented, including a re-presentment. TD says it will not charge an NSF fee more than once within a period of 2 business days on the same personal deposit account, or if you are overdrawn by less than $10. These limits match the Government of Canada rules in force since March 12, 2026.
What does TD charge when I go into overdraft?
If TD approves a cheque or payment higher than your available balance, it charges a $5 Payment Coverage Fee plus 21% annual interest on the overdraft balance (Quebec account holders with Overdraft Protection pay only the interest). Optional Overdraft Protection costs $5 per month on the Monthly Plan, or $5 per use (at most $5 a day) on Pay As You Go, plus 21% interest.
How can I avoid the monthly fee on TD Every Day Chequing?
The monthly fee is $11.95. It is $0 if you maintain a Daily Closing Balance of $3,000 on each business day of the month. TD counts ATM and debit transactions completed by 9:00 p.m. ET and all other transactions by 11:59 p.m. ET toward that business day’s balance; later transactions count for the next business day.
Does TD charge a fee for foreign purchases on its debit card?
Yes. For a foreign currency purchase with a TD Access Card that has the Visa Debit logo, the amount posted includes a fee equal to 3.5% of the purchase amount after conversion to Canadian dollars at the Visa International rate.
Sources
- 1.TD Canada Trust - About Our Accounts and Related Services (PDF) · March 5, 2026
- 2.TD - Bank accounts and fees at a glance · October 14, 2026
- 3.TD - Overdraft Protection · October 14, 2026
- 4.TD - Contact Us (personal banking) · October 14, 2026
- 5.TD - Resolving your complaint · October 14, 2026
- 6.FCAC: Chequing accounts · March 12, 2026
- 7.FCAC news release: New NSF fee regulations bring down cost of banking for Canadians · March 12, 2026
Other banks
- BMO fee refundCanadaBMO lists a $10 NSF fee (not charged more than once in 2 business days on the same account, or when the item would leave you overdrawn by less than $10) and, without Overdraft Protection, a $5 charge for each business day an item creates or increases an overdraft. BMO Performance Chequing costs $17.95 a month, or $0 with a $4,000 minimum daily balance.See the fees
- CIBC fee refundCanadaCIBC lists a $10 NSF fee (not charged more than once in 2 business days on the same account, or when you’re overdrawn by less than $10) and a $5 charge plus 21% interest when it lets you overdraw without Overdraft Protection. The CIBC Smart Account costs $16.95 a month, rebated with a $4,000 end-of-day balance every day of the month.See the fees
- RBC Royal Bank fee refundCanadaRBC’s schedule lists a $10.00 NSF (returned item) fee, limited to one per two business days on the same account and not charged when the item overdraws the account by less than $10, plus a $5.00 overdraft handling fee when RBC lets you overdraw without Overdraft Protection. RBC Day to Day Banking has a $4.00 monthly fee that can be rebated to $0.See the fees
- Scotiabank fee refundCanadaScotiabank lists a $10.00 NSF fee (not charged when the shortfall is $10 or less, and not more than once within two business days per account), and a $5.00 handling fee per item if you overdraw without Overdraft Protection. Preferred Package has a $16.95 monthly fee that is waived with a $4,000 minimum daily closing balance.See the fees
- Bank of America fee refundUSBank of America’s schedule lists a $10 Overdraft Item Fee (no more than 2 overdraft items per day), but no fee on everyday non-recurring debit card purchases or ATM transactions. Advantage Plus Banking has a $12 monthly maintenance fee with several ways to avoid it.See the fees
- Capital One fee refundUSCapital One says it has eliminated all overdraft fees for its consumer banking customers, and 360 Checking has no monthly fee and no minimum balance. The fees its 360 Checking disclosure does list are small: $10 or $20 for a cashier’s check and $30 for an outgoing domestic wire.See the fees