My Toronto Dominion TD Canada Trust Bank Internet Banking Review: EasyWeb, EasyLine

TD Canada Trust Logo
TD Canada Trust Logo | Source

Introduction

The TD Bank Financial Group, also known as Toronto Dominion Bank or Banque Toronto Dominion in French, is second largest Canadian bank in term of market capitalization and deposits asset. As of February 13, 2011, TD Bank market cap is registered at 69.97 billion and is considered large cap financial company. The TD Bank is considered the six largest banks in North America. The TD bank is listed in 3 different stock exchanges such as Toronto Stock Exchange (TSX: TD), New York Stock Exchange (NYSE: TD), and Tokyo Stock Exchange (TYO: 8640). To serve the personal banking in US and Canada, TD Financial Group has 2 different divisions handle these financial services. In Canada, TD Canada Trust is providing services to Canadian customer and In US, TD Bank provides services to US customer. In this article, I’ll focus on TD Canada Trust products and services.


TD Bank Financial Group

TD Bank Financial Groups was formed through the merger of The Bank of Toronto and The Dominion Bank in 1955. The Toronto-Dominion Bank (TD) offers retail and commercial banking, wealth management and wholesale banking to >14 million customers worldwide, with particular emphasis on Canada and the United States. . The TD Bank Financial Group headquarters is located at Toronto, Ontario Canada. The current TD Bank CEO is W. Edmund Clark. TD conducts its operations through 5 segments: Canadian Personal and Commercial Banking, US Personal and Commercial Banking, Wholesale Banking, Wealth Management, and Insurance.

The TD Bank Financial Group main divisions include:

A. Canadian Personal and Commercial Banking

  • TD Canada Trust – serve Canadian personal and small business customers with banking products
  • TD Commercial Banking – provide service to medium sized business with financing, cash management, international trade and more
  • TD Financial Services – provide financing services for purchases at point of sale through authorized vendors and retailers in Canada

B. US Personal and Commercial Banking

  • TD Bank – serve U.S. Customer along eastern part of USA such as New York, New Jersey, Virginia and more. TD Bank is formed after the merger of TD Banknorth and Commerce Bank.

C. Wealth Management

  • TD Waterhouse – include TD Waterhouse Canada and TD Waterhouse International for investment and wealth management through discount brokerage, financial planning and private client services
  • TD Asset Management – to provide investment products for retail and institutional customers
  • TD Ameritrade – Provide US customers brokerage service with variety of trading tools including thinkorswim, command center 2.0, pattern matcher and more. TD Ameritrade Brokerage has been the leader in trading tools and recently it offers more than 100 ETF for free.

D. Insurance

  • TD Insurance – including credit protection, home insurance, health insurance, auto insurance, life insurance and travel insurance to > 3 million customers.

E. Wholesale Banking

  • TD Securities – provide underwriting and distribution of new equity and debt


Main TD Login

TD Canada Trust Main Login
TD Canada Trust Main Login

TD Canada Trust

TD Canada Trust provides variety of financial products and services to personal and small business customers. As a leading customer services provider, TD Canada Trust offers online banking and mobile banking for its customer for anywhere, anytime banking access. It also has more than 2,600 ATM Machines and a network of >1,000 local branches across Canada. TD’s customer or client can access the TD Canada Trust website at www.TDCanadaTrust.com.

TD Canada Trust provide variety of personal financial banking products and services

  • Banking Accounts – include Chequing Accounts or checking accounts, Savings Accounts, US Dollar Accounts and Tax Free Savings Account
  • Personal Credit Accounts – include Auto loan, trust personal credit, line of credit, home equity line of credit, loan insurance, and overdraft protection
  • Mortgage Account – include fixed rate mortgage and green mortgage
  • Credit Cards – consists of TD Travel Card, TD reward cards, partner cards, secured cards, student cards and more
  • Travel Medical Insurance – provide quote, options and coverage for travel medical insurance
  • Foreign Currency Services – either for sending money, order foreign cash, planning for abroad trip
  • Student life products – include Simple Save, Value Plus Account, Student Visa Cards, investing and more


TD Canada Trust Electronic Banking

There are 5 ways to take advantage of TD Canada Trust electronic banking

  • Online banking with EasyWeb Internet banking
  • Using Phone with EasyLine Telephone banking
  • Using TD Canada Trust Access Card at Green Machine and other ATMs
  • Using your wireless phone with mobile banking features
  • At Local TD Canada Trust Branches using Access Card


TD Canada Trust Internet Banking

To access the TD Canada Trust internet banking, you will need the TD access card. TD login can be done through TD website for on line banking. You can get your access card by visiting the local branch or call 1-866-222-3456. The TD internet banking is also known as TD Canada Trust EasyWeb service. Customer can do variety of financial transactions using internet banking or EasyWeb such as

  • Access combined portfolio of your deposit accounts, credit card, mortgage loan, and investment account with TD Bank Financial Group
  • Access to transaction activity on your chequing (checking), savings and line of credit accounts online (up to 18 months)
  • View and print up to 6 months transaction activity on TD Visa accounts
  • Sort various financial transaction activities by date, description and type of transaction
  • Pay your bill online to over 5,000 companies nationwide.
  • Setup multiple payments in one request and set up recurring payments
  • Transfer money between your Canadian TD credit card Visa and TD Canada Trust accounts such as checking or savings
  • Transfer money between your TD Canada Trust, TD Waterhouse and TD Mutual Funds accounts
  • Transfer money to other TD Canada Trust customers
  • Download your account activity to financial software such as Quicken or Microsoft Money
  • Register and view your bills or electronic statements online with View Bills service
  • View canceled, pending and historical bill payments
  • Order more than 40 foreign currencies at competitive exchange rates with the Order Foreign Currency form and pick up the cash at your local TD branch
  • Request a stop payment on a cheque or pre-authorized payment drawn on your TD Canada Trust banking account
  • Use the Interac Email Money Transfer (Interac e-transfer) service to transfer money from your personal TD Canada Trust bank account to anyone with an email address and a bank account at a Canadian bank
  • Order new cheques online for your personal chequing and savings accounts
  • Review a summary of your visit to EasyWeb and print a copy for your records
  • Sign up for a new TD Canada Trust products online


Inside TD Canada Trust EasyWeb

Click thumbnail to view full-size
Account OverviewAccount ActivityInterac e-transferTransfer FundView Check Online
Account Overview
Account Overview
Account Activity
Account Activity
Interac e-transfer
Interac e-transfer
Transfer Fund
Transfer Fund
View Check Online
View Check Online

Chequing Accounts

There are 5 TD Canada Trust Chequing Accounts:

  1. Value Account – $3.95 monthly fee waived with $1,000 account balance, free 10 transactions per month, additional $0.65 each
  2. Value Plus Account - $8.95 monthly fee waived with $2,000 account balance, free 25 transactions per month, additional $0.65 each
  3. Infinity Account -$12.95 monthly fee waived with $3,000 account balance, unlimited transactions per month
  4. Select Service - $24.95 monthly fee waived with $5,000 account balance, unlimited transactions per month, free small safety deposit box
  5. Plan 60 – service for 60 years old or over, no monthly fee, unlimited transaction

Note: For more details look at TD Banking website


Saving Accounts

There are 3 main TD Canada Trust online saving accounts

  • TD Every Day Savings Account – earn daily interest, 1 free debit transaction, and additional fees for extra services
  • TD High Interest Savings Account – Earn premium interest rate with $5,000 account balance, extra fee for debit transaction waived with $25,000 balance, free e-statement
  • Youth Account – earn daily interest, no limit debit transaction, free recordkeeping options


TD Credit Cards

Several well known TD Canada Trust Credit Cards:

  1. TD First Class Travel Visa Infinite Card – Get 20,000 TD Points for sign up, earn 3 TD Points per $1 spent, $120 annual fee
  2. TD Driver Rewards Visa Card – earn 2% TD Driver Rewards Points for every purchase, 2 Point per $1 spent on the first $700/statement, 1.25 rewards point per $1 spent on auto parts, no annual fee
  3. TD AAdvantage Platinum Visa Card – earn 10,000 AAdvantage miles after 1st purchase, $120 annual fee, Double AAdvantage miles when use to purchase American airlines flight, onboard item and admiral club membership
  4. TD Green Visa Card – No annual fee, Avis and Budget Rent A Car preferred rates
  5. TD Secured Credit Cards – for no credit history and rebuild credit customers, check with local branches

Pay Bill
Pay Bill

The Goods and Bads

Pros of TD Canada Trust

  • Big and solid financial institution with variety of products
  • Online website looks great
  • Offer free checking account for 60 years old or over
  • Student may qualify for free Value Plus Checking Account

Cons of TD Canada Trust

  • There is no “true” free checking account for regular customer
  • Banking service fees are rather high and excessive
  • Only premium credit card offers great reward points
  • High commission fee to do direct trading in TD Waterhouse


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1 comment

htodd profile image

htodd 5 years ago from United States

Thanks for the great post...Thanks

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