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Canada’s TD Bank has raised fees in several areas this year, including significant charges for things that were free before.
The cost to withdraw cash from non-TD Bank ATMS has risen 50 cents to $2.00, but perhaps most significant are the completely new fees:
Interac e-Transfers, which were a free service with TD Bank, now cost $5 each. It will also cost $5 to deposit a post-dated check, which was free before.
Also, TD Bank’s tax-free savings accounts previously allowed free transfers to other banks. Now those transfers will cost $75 plus tax.
The bank has also added insufficient funds fees, whereas before such fees were not applicable.
The changes will take effect March 1, according to a TD Bank customer email sent out this week.
By Andy Stern