Overview
TD Bank, the US arm of Toronto-Dominion Bank, offers several small-business checking accounts[7]. Business Simple Checking costs $10 a month with no minimum daily balance requirement and includes professional invoicing and online card and ACH payment acceptance; up to $5,000 of cash deposits per statement cycle are included, with $0.30 per $100 charged above that[7]. Business Convenience Checking Plus waives its fee with a $2,500 minimum daily balance across the business account and a TD personal checking account, and has the same $5,000 cash allowance[7].
Business Premier Checking includes free incoming wires, reimbursement of fees on the first two outgoing wires per cycle and free money orders and official checks, while Business Interest Checking Plus pays interest for higher-balance customers[7]. The product page reviewed did not publish monthly fees for every tier and showed conflicting terms for a promotional fee waiver, so owners should rely on TD’s account disclosures[7]. TD’s branch network is concentrated in the eastern United States, which limits its usefulness elsewhere.
TD Bank Group features
- Flat $10 Simple account with no balance test
- Invoicing and payment acceptance
- Interest-bearing tier
- Free money orders on Premier
- Two outgoing wire fees reimbursed on Premier
TD Bank Group pricing
Business Simple Checking: $10/month, no minimum balance. Business Convenience Checking Plus: fee waived with $2,500 combined minimum daily balance. Premier and Interest Checking Plus fees not shown on the product page. Cash over $5,000 per cycle: $0.30 per $100.
TD Bank Group strengths and limitations
Strengths
- Predictable flat fee on Simple
- Built-in invoicing
- Waiver can use personal balances
- Branch cash deposits
Limitations
- Cash fees above $5,000
- Fees for some tiers not published on product page
- Regional branch footprint
- Promotional terms inconsistent on page
Appears in
- Largest Companies in Canada (2026) #2
- Largest Banks in the US (2026) #13
- Best Business Bank Accounts in 2026 #13
TD Bank Group alternatives and competitors
Alternatives to TD Bank Group: companies ranked in the same lists.
Wells Fargo Bank, N.A.
U.S. Bank National Association
Bank of America
Morgan Stanley Bank, N.A.
Capital One, National Association
BMO (Bank of Montreal)
Chase Business Complete Banking
First-Citizens Bank & Trust Company- Novo
PNC Bank, National Association- Truist Bank
- The Bank of New York Mellon
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