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Published June 24, 2024
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Guide to TD Bank Student Accounts

TD's student bank account options include chequing and savings accounts with low or no fees.

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Student bank accounts generally have low fees and flexible service offerings to make managing daily finances easier and more affordable. Here’s what to know if you’re comparing student bank account options from TD Bank in Canada.

Introduction to TD Bank student accounts

TD offers several low-cost accounts with features that may appeal to students. Some are designed specifically for students, while others offer compelling features that may benefit young account holders working to establish sound financial habits. 

Many banks offer compelling introductory offers for new account holders, so it’s worth comparing the value of account features before making your decision.

Types of TD bank accounts for students

Comparing TD Bank accounts for students

TD Student ChequingTD Essential BankingEvery Day Savings
Eligibility requirements.Must be under 23 or provide proof of enrollment in a post-secondary program.None.None.
Monthly maintenance and transaction fees.$0 monthly fee, unlimited free transactions.$4.95 monthly fee, no transaction fees.$0 monthly fee, one free transaction/month, $3 each for additional transactions.
Minimum daily balance.None.None.None.
Money transfers.Free Interac e-Transfers.Free transfers with Zelle.Free transfers to other TD accounts.
Interest earned.Earn on every dollar.None.Earn on every dollar.
Monthly paper statement fees.$0$1$2
Overdraft protection.No fee.Not available.Not applicable.

Compare to other offers from our partners

Offer for KOHO Spending and Savings Account

KOHO Spending and Savings Account

Offer for Simplii Financial™ No Fee Chequing Account with Student Banking Offer

Simplii Financial™ No Fee Chequing Account with Student Banking Offer

Offer for BMO Performance Chequing Account

BMO Performance Chequing Account

Apply Now Apply Now Apply Now
Bonus Offer
30-day free trial
Up to $600*
Monthly Fee
Waived with minimum balance
Number of Transactions
Dollar limits apply*

Who can open a TD student bank account?

TD Student accounts are available for individuals under age 23 or individuals who can provide proof of enrollment in a post-secondary program in Canada. 

International student applicants must be of the age of majority in their province of residence, have a valid Canadian study permit, and provide proof of full-time enrollment at an accredited Canadian post-secondary institution. 

Understanding TD Bank student account fees

While TD student accounts have minimal fees, there are some potential banking charges to be aware of, especially if you’re using other TD accounts as a student. 

Benefits of using a TD Bank student account

Student bank accounts offer many compelling benefits that make them an affordable and flexible tool to help you meet your financial goals:

Additional TD Bank services for students

Students may benefit from additional TD Bank offerings, such as:


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