TD Bank is no longer offering TD Business Core Checking we are using for our Pack. From next month we need to pay $25 per month maintenance fee. That is whooping $300 per year for a non-profit community organization.
Does your Pack have free checking? Where can we turn to?
The new TD spiel:
- Your free Transactions Limit will be going from 300 to 500 per month, with a monthly maintenance fee of $25.
- The Minimum Daily Balance to waive the monthly maintenance fee will increase from $500 to $1,500.
- The Cash Deposited Fee per statement cycle will increase from $0.20 to $0.25 per $100 deposited, and your free threshold will be reduced from $10,000 to $5,000 (per statement cycle).
- The Paper Statement Fee is increasing from $2 to $3 per month. Avoid the paper statement fee by signing up for .e-statements through ID BanlLOnline Banking.