TD Bank Canada Trust wrist band

Good Morning DINKS.  Just before the holidays I travelled to New York City on a business trip, one of my orders of business was to open a US Checking Account.  Even though I live in Canada I have a “regular” income stream from the US, and it is just easier to have a US Checking Account for both accounting as well as money management purposes.  The exchange rate between Canadian and US currency is a little bit turbulent.  It’s a little bit inconvenient and unprofitable to receive US currency, exchange it into Canadian currency, and then exchange it once again into US currency when I travel.  So for simplicity reasons I decided to open a US Bank Account with TD Bank.

TD Bank is America’s Most Convenient Bank

After a few days of researching different banks in the US,  I narrowed down my bank choice to Bank of America, Chase Bank, and TD Bank.  I finally decided to open a US checking account with TD Bank. My TD Bank branch is located on Wall Street in New York City.  The Customer Service Representative (named Vanessa) who opened my checking account was friendly and very helpful.  She explained all of the advantages and benefits of TD Bank Checking Accounts, Mobile Banking Services, as well as TD Bank Debit Visa Cards.

TD Bank is definitely America’s Most Convenient Bank with daily branch opening hours starting at 7:30 am and finishing on some days as late as 8:00 pm.  I loved the fact that TD Bank is the American partner of the Canadian bank TD Canada Trust, this allows me to transfer money from my Canadian Bank Account to my TD Bank Checking Account without any fees.  This was a major reason why I opened my US Checking Account with TD Bank because no other bank offers this service.

The monthly TD Bank Checking Account fees were comparable with the fees of both Bank of America and Chase Bank, but the minimum monthly balances to have the monthly fees waived are a lot lower at TD Bank.  I opened a TD Convenience Checking Account which allows us to receive free unlimited monthly transactions as well as mobile banking and bill payments with a minimum average  daily balance of only $100.  TD Bank also offers The Penny Arcade which allows clients to have their lose change counted and deposited into their bank account.

Banking in Canada vs. Banking in the US

The first major difference between banking in Canada and banking in the US is the Debit Visa Card, we don’t have this banking feature in Canada.  We have debit cards which use the Interac system where our withdrawals are linked directly to our bank account balances, and we have Visa Credit Cards which we use and then must repay; however we don’t have the convenience of a Visa with the payments being linked directly to our bank accounts.  I absolutely love this feature of American banking.  My only question is, does having a US Debit Visa card establish an American Credit Bureau for me?

TD Bank online banking is very straight forward and user friendly, once you are logged in.  The process to apply for online banking was a little bit complicated.  In Canada we just have to register our debit card and create a password, and we receive instant access to online banking.  With TD Bank US I had to apply for online banking and after filling out an application I was approved within 48 hours.

Overall I enjoyed my experience with TD Bank and I will definitely recommend their services to anyone who is looking for a new bank.  If you are in New York City I recommend that you visit the Wall Street branch, ask for Vanessa!

(Photo by stephenccwu)

Avatar photo

Tahnya is a Certified Financial Planner and former Investment Advisor turned marketing and communications professional She holds a degree from Concordia University, is debt free and currently works in the field of digital marketing.


This entry was posted in Banking by Kristina Tahnyak. Bookmark the permalink.

Avatar photo About Kristina Tahnyak

Tahnya is a Certified Financial Planner and former Investment Advisor turned marketing and communications professional She holds a degree from Concordia University, is debt free and currently works in the field of digital marketing.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

Couples Finance

Blogs You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech

7binaryoptions.com: Your one stop information source for trading binary options.

Get the Latest Coupon and Discount Codes at Freecouponcodes.net.

The best cheap web traffic that comes in handy for your website traffic needs.

Shop till you drop and discounted offers with Shopee promo codes.