Personal Finance Bank accounts

TD Student Chequing Account: A complete guide

Piyush Singh

25.09.23 (updated more than 1 year ago)

Read time 1 minute

Whether you are entering post-secondary education or still in high school, you would want a way to manage your money. In this article we will discuss the key features of the TD student chequing account, the fees and transaction limits, and we will also consider Wise which can be used with or without this bank account!

H2: Key features of the student chequing account at TD Bank

TD Student Chequing Account offers a host of benefits¹ to students and youth alike. Let’s take a look at them in more details:

Keep the account with no monthly fee until age 23
After age 23 no monthly fee with proof of university/college enrollment
Shop online with your TD access card
No transfer fee for Interac e-Transfer
No monthly fee on Overdraft
Earn 50% more Stars at participating Starbucks outlets

We’ve taken a look at the benefits now let’s review the cost. After all, as a student you would want to save as much money as possible.

H2: Fees and transaction limits of the TD Student Chequing Account

You might be concerned with the fees for a student chequing account because every dollar you make is used for school and food. Let’s review the fees for the TD Student Chequing Account:

Service	Cost¹
Monthly fees	0 CAD
Transactions included per month	Unlimited
Minimum monthly balance for monthly rebate fee	N/A
Additional transactions	No additional fee
Interac e-Transfer	Free
Non-TD ATM fees (In Canada)	2.00 CAD each
Foreign ATM Fee (US/Mexico)	3.00 CAD each
Foreign ATM Fee (any other country)	5.00 CAD each
Paper Statements	Free

It’s important to note the fees we just looked at are for Canadian students. If you’re an international student there are different banking packages² you would need to review.

You also might want to earn some interest with your TD student chequing account. Let’s check out the interest rates³:

Portion of Daily Closing Balance	Interest Rate
$0 to $4,999.99	0.010%
$5,000.00 and over	0.010%

Now that we’ve considered the Student Chequing Account from TD Bank let’s take a look at Wise.

H2: Meet Wise - your alternative to bank accounts

When it comes to managing your money as a student, Wise has you covered. A money service business, Wise saves you money each time you make a transfer. Let’s take a look at the key benefits of using Wise, all on your phone!

Send money at the mid market rate - no more currency conversion fees!
No hidden fees - all about transparency
Hold and convert your money to 40+ currencies including CAD, USD, EUR and GBP, send to 70+ countries, receive in 9 currencies
Use the Wise card for travel
Make the most of the Interac e-Transfer features on Wise.
Use Google or Apple Pay to shop online using your phone

To start managing your money as a student, check out the Wise App on Google Play Store or the App Store!

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.

Sources:

Sources verified on: 23 September 2023

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.