TD Bank is one of the US’s most convenient banks. The Canadian bank’s 1,300 branches span the US East Coast and are open seven days a week.
It also has a wide variety of small business checking accounts with a range of features. Whether you need an interest-bearing checking account or want to add a prepaid card to your payroll, you’ll find what you need here.
Free debit card
If you have a TD Bank business account, you can get a free debit card that can be used to make purchases. This is a great way to make sure your cash is always available. You can also use it for ATM withdrawals. In addition, TD Bank offers an assortment of other services that can help you manage your business finances better.
Choosing the right business checking account for your company is an important decision, as it can impact your financial health and growth. To make the best choice, you should consider the type of business you run and your current banking needs. You should also consider whether TD Bank has a branch or ATM network in your area.
The TD Bank business checking accounts offer a variety of perks and features to fit your specific needs. For example, you can open a basic business checking account or choose a high-tier account that gives you fee-free transactions and rewards. In addition, many TD Bank business checking accounts have waivable fees, so you can change them as your needs change.
TD Bank has more than 1,100 branches throughout 15 East Coast states and Washington, D.C. You can also find a TD Bank branch near you by searching online. However, this may not be convenient if you need to visit the bank in person regularly.
You can also opt for a TD Bank savings account to help you save money. This option is good for businesses that don’t need the added security of a credit card, but want low fees and access to a strong ATM network. TD Bank also has a specialized savings account called Beyond Savings that provides higher interest rates than its Simple Savings account.
Another great feature of a TD Bank business account is the ability to earn cash back on purchases. The cash back is based on a percentage of your purchases, and it’s calculated in the form of points. These points can be redeemed for merchandise, travel, and gift cards.
TD Bank also offers a wide range of other perks, including a 24/7 live customer service line. These services are helpful for small business owners who might have trouble logging into their online banking or are having issues using their debit card. Moreover, the card comes with a six-month 0% intro APR period for purchases that’s appealing for new business owners.
Free online and mobile banking
TD Bank offers a wide range of online and mobile banking options to meet your business needs. Whether you’re paying bills, making payments, transferring funds, or using the bank’s mobile deposit feature to deposit checks right from your phone, you can do it all with a simple and intuitive TD Bank app.
The TD Bank online and mobile banking tools also help you stay on top of account activity. Personalized e-mail alerts can be set up to notify you about certain transactions. Moreover, TD Bank’s TD ASAP hotline provides 24/7 support and is available on all e-mails to customers.
If you’re planning to expand your small business, TD Bank offers a variety of business solutions, including payroll and human resources services. You can get a dedicated HR expert, preferred pricing, tax management help and more when you choose to take advantage of these specialized services.
In addition, TD Bank has a wide range of savings and money market accounts, with tiered interest rates and no monthly fees. These can be used for short-term expenses or long-term investments.
When it comes to choosing the best td bank business account, you’ll need to consider your specific business needs and financial goals. There are four different tiers to choose from, each with different benefits.
Generally, the higher the tier, the better the features. For example, Business Premier Checking offers more free transactions and deposits, lower transaction fees, and the ability to waive its $25 fee by maintaining a minimum balance between your business and personal TD Bank checking accounts or by having a small-business loan with TD.
Another option is TD Business Convenience Checking Plus, which has a $25 maintenance fee but more free monthly transactions than its competitors. You can reduce that fee by linking a TD personal checking account and keeping a $1,500 minimum between them.
Finally, TD Bank also has several business savings products that offer no fees or waivable fees. These include CDs and IRAs, both of which have tiered interest rates that increase with the amount you deposit.
If you’re looking for more in-person banking options, TD Bank has a large network of branches and ATMs across the United States and parts of Canada. Unlike some other banks, TD Bank is open seven days a week, so you can visit one of their retail locations to conduct in-person business whenever you have time.
TD Bank offers a variety of business accounts, including savings and checking accounts, certificates of deposit (CDs) and money market accounts. These accounts usually come with waivable monthly maintenance fees, and some offer additional perks as well.
Almost all banks and credit unions provide online access to statements for free. You can view them from your computer, tablet or smartphone. Many also allow you to print out a hard copy of the statement. Some even let you sign up for paperless statements, which are electronically delivered to your mailbox.
You can view a summary of your account history and see your most recent transactions. You can also download a PDF version of your statement, which is a great way to keep track of your accounts.
If you’re not a fan of paper statements, TD Bank offers e-statements for both business and personal customers. You can use a secure website to log in and view your statements anytime you want. You can also download your e-statement to your computer for future reference.
For small businesses that have high cash flow, a TD business checking account with a higher interest rate is a good option. It’s particularly good if you’re planning to make significant investments in the coming months, or if you plan to buy property in the near future.
Those with less extensive savings needs may find the TD Premier Savings account to be a more attractive alternative. It offers a higher APY than the average TD savings account, and it’s also a bit easier to open.
The TD Business Interest Checking Plus, meanwhile, is more suited to business owners that have consistently high revenue. This account comes with a higher minimum daily balance, lower ATM fees and fewer restrictions on how you can spend your money.
It’s worth noting, however, that TD Bank has recently cut its cash deposit limits on some business checking accounts. Previously, you could deposit up to $10,000 in cash per statement cycle with no extra charge. Now, you can only deposit $5,000.
For a more comprehensive review of TD Bank’s small business banking products, you should compare them against those from other major financial institutions. Nav’s business checking marketplace provides a comparison tool that allows you to quickly assess rates, account types and fees.
If you’re a small business owner looking to open a new bank account, TD Bank has you covered. Their small business checking accounts offer a host of features that make them ideal for a variety of business types, and they’re available in more than 1,300 locations across the US East Coast.
There are three TD Bank small business checking account options, as well as several specialized accounts designed for different situations and industries. You can choose the one that best suits your needs, but before you do, it’s important to think about what you need out of a bank account.
First, consider how much cash you need to manage your business and whether it will fluctuate in the future. Does your business need payroll or other services? If so, does your bank offer those services for free with its small business checking account package?
Another big issue for small businesses is fees and transaction costs. There are many ways to waive these charges, but not all of them will work for every small business.
As a result, TD Bank has a suite of small business checking accounts designed to help you save money on your everyday banking needs. It has both standard and specialized accounts, and each one comes with its own set of features.
For example, TD Bank’s TD Business Simple Checking has been redesigned to include digital invoicing and payment acceptance as part of its standard offering. This collaboration with Autobooks makes it easier for small businesses to process and get paid faster.
It’s also worth noting that TD Bank is currently the only major US bank to offer digital invoicing as part of its small business checking account packages. This is especially useful for home-based freelancers or micro businesses who need to invoice customers and accept credit card payments.
If you’re interested in a TD Bank business account, you can call or schedule an appointment online to speak with a small business specialist. These specialists will learn your needs and recommend a package that works for you. They’ll also help you navigate the terms of your account and answer any questions that you may have along the way.