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Ready to open an account?
A TD Business Banking Specialist is ready for you
Which TD Small Business Bank Account?
TD Small Business Bank Accounts offer a variety of features and benefits tailored to help you manage your money and grow your business.
Compare, then choose the TD Business Chequing Account that helps meet your particular business needs.
Featured accounts
Here are just 3 of our most popular Small Business Bank Accounts.
Designed for businesses with just a few monthly transactions
- $5.00 monthly fee
- 5 deposit items
- 5 transactions
A budget-friendly plan for everyday business banking
- $19.00 monthly fee ($0 with fee rebate when you hold a minimum daily balance of $20,000)
- 50 deposit items
- 20 transactions
Our most flexible banking plan for your business; more features available
- $125 monthly fee ($0 with fee rebate when you hold a minimum daily balance of $65,000)
- Unlimited deposit items
- Unlimited transactions
- Free Interac e-Transfer® transactions
- Annual fee rebate for the TD® Aeroplan® Visa* Business Card or TD Business Travel Visa Card
TD Small Business Bank Accounts: how to apply
Different types of businesses require different approaches. Choose yours to find out more.
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Sole proprietorship
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Corporation
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Partnership
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Association
Or one document from each of the following categories
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Canadian Property Tax Assessment (municipal)
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Canadian provincially issued vehicle registration
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Benefits statement from a Canadian Federal or Provincial Government
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Utility bill that delivers service to a residence
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Registered Retirement Account statement (other than a TD statement)
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Term deposit/GIC statement (other than a TD statement)
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Canadian Birth Certificate
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Canadian Citizenship Certificate (non-photo)
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Temporary Canadian Driver's License
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Insurance document issued by a Canadian insurer
Ways to apply for an account
As a sole proprietor you can:
Or one document from each of the following two categories
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Canadian Property Tax Assessment (municipal)
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Canadian provincially issued vehicle registration
-
Benefits statement from a Canadian Federal or Provincial Government
-
Utility bill that delivers service to a residence
-
Registered Retirement Account statement (other than a TD statement)
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Term deposit/GIC statement (other than a TD statement)
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Canadian Birth Certificate
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Canadian Citizenship Certificate (non-photo)
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Temporary Canadian Driver's License
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Insurance document issued by a Canadian insurer
Ways to apply for an account
As a corporation you can:
Or one document from each of the following two categories.
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Canadian Property Tax Assessment (municipal)
-
Canadian provincially issued vehicle registration
-
Benefits statement from a Canadian Federal or Provincial Government
-
Utility bill that delivers service to a residence
-
Registered Retirement Account statement (other than a TD statement)
-
Term deposit/GIC statement (other than a TD statement)
-
Canadian Birth Certificate
-
Canadian Citizenship Certificate (non-photo)
-
Temporary Canadian Driver's License
-
Insurance document issued by a Canadian insurer
Ways to apply for an account
As a partnership you can:
Or one document from each of the following two categories
-
Canadian Property Tax Assessment (municipal)
-
Canadian provincially issued vehicle registration
-
Benefits statement from a Canadian Federal or Provincial government
-
Utility bill that delivers service to a residence
-
Registered Retirement Account statement (other than a TD statement)
-
Term deposit/GIC statement (other than a TD statement)
-
Canadian Birth Certificate
-
Canadian Citizenship Certificate (non-photo)
-
Temporary Canadian Driver's License
-
Insurance document issued by a Canadian insurer
Ways to apply for an account
As an association you can:
Benefits of TD Business Banking
Other TD products and services
FAQs
If you’re an operating business we require you to open a business account.
Your time is valuable. That’s why we’ve dedicated TD Business Banking Specialists to help you complete the account opening process remotely by phone.
Does your business have only a single signer? You can also apply for an account online in as little as 15 minutes.
When operating a business, opening a business bank account has many benefits. By separating your personal and business banking, you can manage your finances more easily by tracking your income, expenses, and cash flow. You can also save time with tax filing, as it’s quicker to gather the financial information and transactions you need to file your business taxes.
We have several business banking plans available to meet the unique needs of your business. When choosing, consider the frequency of your transactions and the balance you expect to maintain.
You can view our accounts, or use our Account Selector Tool for account recommendations.
Your appointment with a TD Business Banking Specialist can typically be completed within an hour. To ensure speedy access to your new account, be sure to have all the documents you need prior to your appointment.
There's no initial minimum deposit needed to open a TD business account.
Depending on the way you’ve structured your business, the documents you’ll need will vary. For details, you can refer to our account opening checklist.
Browse all accounts
What type of business bank account do you need?
A budget-friendly plan for everyday business banking
- $19.00 monthly fee ($0 with fee rebate when you hold a minimum daily balance of $20,000)
- 50 deposit items
- 20 transactions
A cost-effective, flexible way to conduct your business banking
- $39 monthly fee
- 50 deposit items
- 60 transactions
Valuable business banking features for your daily business banking needs
- $72 monthly fee
- 50 deposit items
- 120 transactions
Designed for businesses with just a few monthly transactions
- $5.00 monthly fee
- 5 deposit items
- 5 transactions
Our most flexible banking plan for your business; more features available
- $125 monthly fee ($0 with fee rebate when you hold a minimum daily balance of $65,000)
- Unlimited deposit items
- Annual fee rebate for the TD® Aeroplan® Visa* Business Card or TD Business Travel Visa Card
- Unlimited transactions
- Free Interac e-Transfer® transactions
A complement to your Business Chequing Account
- $0 monthly plan fee
- Unlimited transfers
- Tiered, competitive interest rates
Flexible and cost-effective banking plans for community groups and non-profits
- Monthly plan fees starting $1.95
- 15-30 deposit items
- From 5 transactions
For farmers who want help preparing for the unexpected
- Helps you manage small income declines
- Grow your account with deposits, interest, and matching government contributions
A budget-friendly plan for everyday business banking
- $19 monthly plan fee
- 50 deposit items
- 20 transactions
A cost-effective, flexible way to conduct your business banking
- $39 monthly fee
- 50 deposit items
- 60 transactions
Valuable business banking features for your daily business banking needs
- $72 monthly plan fee
- 50 deposit items
- 120 transactions
A basic plan for businesses transacting in U.S. dollars
- $5.00 monthly plan fee
- 5 deposit items
- 5 transactions
A flexible banking plan for your business
- $125 monthly plan fee
- Unlimited withdrawals and transfers
- Unlimited deposit items
For not-for-profit associations and organizations
- Monthly plan fees starting $1.95
- 15-30 deposit items
- From 5 transactions