Earn interest on your business deposit account. An ideal account if you have higher balances. 3.4 For small and medium-sized businesses, we offer comfortable canadian and U.S. dollar banking plans that offer flexibility and great value for your daily banking needs. Well, on the accounts. TD Bank has three types of current accounts for small businesses: TD Business Simple Checking, Convenient Checking Plus and Premier Checking. It also has three specialized accounts: TD Business Interest Checking Plus, Interest on Lawyers Trust Account and Interest on Realtor Account Trust. We look at the first three for small businesses and show you a contrast with Chase`s accounts for a frame of reference. Then you need to make sure you choose the right audit account for the size and type of business you run. Otherwise, you might end up spending extra on things you don`t need – like deposits, transfers or transactions – or you might not get the best deal for the things you need. No monthly fees for up to 3 additional accounts, including TD Small Business Money Market Plus and up to 2 TD Business Simple Checking Accounts 1 Earn a competitive interest rate for excess funds based on a staggered rate structure. This savings account, available in Canadian or U.S.
dollars, offers a high level of liquidity and is intended for excess balances of more than $100,000. A notable difference with TD Bank compared to other major banks like Chase, Wells Fargo or Bank of America is that TD Bank has no more than thousands of ATMs. ATMs are free — which is great — but they are all in their stores along the east coast. Institutional banks can certainly be confusing for small businesses. There are fees and opportunities to waive fees; Free transactions, but not all of them are free; and even something as simple as depositing cash comes with fees after a certain amount. But TD Bank`s audit accounts, which were conducted for small businesses, have simplified many of these pain points. Know if TD Bank`s audit accounts or an investment bank audit suite are the right choice in this case, as you do these Qs about your own shop: All the major account functions you need to manage your business The Canadian bank has grown over the past 10 years from just over a blip on the U.S. radar to the eighth largest bank in the country. This is what happened while clinging to his mantra to be «the most comfortable bank in America.» This is definitely a useful feature in a small business bank account.