Student Banking Services at TD Bank
Student Line of Credit
Even if you have no credit history in Canada, you could be eligible for a Student Line of Credit with a Canadian co-signer.
Combining your credit & debit card,
Significantly lower Interest Rates
TD Student Chequing Account
No monthly maintenance fee when you are under 24 and a full-time student
No monthly fee
25 transactions each month
Free paperless record keeping or online statements
Free EasyWeb View Cheque service
No minimum monthly balance requirement
Get Overdraft Protection 3 for greater peace of mind
TD Professional and Graduate Student Banking Packages
Offers flexible financing plus extra perks
Medical & Dental Students ‑ Up to $300,0001
Veterinary Students ‑ Up to $140,0001
Law, Optometry, Pharmacy and MBA Students – Up to $125,0001
Chiropractic Students ‑ Up to $100,0001
Naturopathic Students ‑ Up to $80,0001
Graduate Students ‑ Up to $80,0001
Student Savings Accounts
Put cash aside to help save for bigger expenses
No monthly fee
Unlimited free transfers to your other TD Canada Trust personal deposit accounts
Interest paid on every dollar, calculated daily
1 free debit transaction per month
Free paperless record keeping or online statements
International Student Package
Get advice for managing your student finances
Everyday banking
Money Transfers
Flexible Financing
Credit Cards
Student Tips and Advice
Offer a page on their website with resources for students
3 easy ways to avoid bank fees
How to build good credit
Explanations for Student Line of Credit
Why Do Students and Banks do this?
Students
First time managing their own finances
Student expenses are high (Rent, Tuition,, necessities)
They will likely need some type of loan with information on financing
Banks
Are willing to loan students money because it is assumed that they will make money after their degree
They make their money off of interest
They will be creating lifelong relationships and client