Where TD Bank fits
TD is most relevant to businesses in its East Coast footprint that value extended branch hours, 24/7 phone support and a broad small-business service stack. The product choice depends mainly on transaction volume, cash handling and whether the owner can use the relationship or service-based fee waivers on the higher tiers.
Checking structure
TD Bank’s small-business lineup is built around three distinct operating levels: Simple for businesses willing to pay a low flat fee without a balance requirement, Convenience Plus for relationship households that can combine business and personal balances, and Premier for higher-volume firms that can use larger cash/transaction allowances and wire benefits.
Transactions and cash deposits
Business Simple includes 200 paid/deposited items and $5,000 of in-store cash deposits at no charge. Convenience Plus raises the included item allowance to 500 while retaining a $5,000 cash allowance. Premier also includes 500 items but raises free in-store cash deposits to $30,000 and adds incoming-wire and outgoing-wire benefits.
Relationship economics
Simple costs $10 monthly with no standard balance waiver. Convenience Plus is $20 and can be waived with a $2,500 combined minimum daily balance across the business account and one eligible TD personal checking account. Premier is $30 and can be waived through a $25,000 qualifying combined balance or certain active TD merchant, remote-deposit or small-business lending relationships.
Who should compare TD Bank closely
East Coast businesses that value branch convenience and a broad service ecosystem, especially higher-volume firms that can use Premier’s cash allowance and wire reimbursements.
Current business checking comparison
| Account | Monthly fee | How the fee can be avoided | Operating allowance / notable feature |
|---|---|---|---|
| Business Simple Checking | $10 | No standard balance waiver | 200 included paid/deposited items; $5,000 in-store cash deposits at no charge |
| Business Convenience Checking Plus | $20 or $0 | $2,500 combined minimum daily balance with one eligible TD personal checking account | 500 included items; $5,000 in-store cash deposits at no charge |
| Business Premier Checking | $30 or $0 | $25,000 qualifying combined balance or selected active TD merchant/remote-deposit/lending relationship | 500 included items; $30,000 in-store cash deposits at no charge; incoming-wire and outgoing-wire benefits |
Primary sources
- TD small business checking comparison
- TD small business checking overview
- TD Business Simple Checking
- TD Business Premier Checking
A strong branch-and-service proposition whose highest-value tier becomes compelling when a business can use the relationship waiver and wire/cash benefits.
East Coast businesses that value branch convenience and a broad service ecosystem, especially higher-volume firms that can use Premier’s cash allowance and wire reimbursements.