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TD Bank

TD Bank Business Checking (Convenience Plus / Interest Plus)

East Coast convenience banking with long hours and low waiver bars

7.0
Our Rating
APY
None on Convenience Plus; Interest Checking Plus earns interest at modest tiered rates
Monthly Fee
$20 (Convenience Plus) or $15 (Interest Plus), waivable
Minimum to Open
$100
ATM Access
Free at ~2,600 TD ATMs; out-of-network fees apply on these tiers

Insurance: FDIC insured up to $250,000 (TD Bank, N.A.)

Plan Options

Business Convenience Checking Plus

$20, waived with $2,500 combined minimum daily balance with one linked TD personal checking account

  • ▸500 free transactions per cycle, then $0.50 each
  • ▸$5,000 free cash deposits per cycle, then $0.30 per $100
  • ▸Combined personal-plus-business balance waiver is unusual and useful

Business Interest Checking Plus

$15, waived with $2,500 minimum daily balance

  • ▸Earns interest on balances (modest tiered rates)
  • ▸200 free transactions per cycle, then $0.50 each
  • ▸$5,000 free cash deposits per cycle

Features

  • ▸500 free items on Convenience Plus, generous for the price
  • ▸Waiver counts personal and business balances together
  • ▸Interest-bearing option for idle operating cash
  • ▸Longest branch hours of any major bank, many open weekends
  • ▸1,100+ stores along the East Coast
  • ▸Periodic promos waive fees for the first 6+ months on new accounts

Pros

  • +Personal-plus-business combined waiver is easy to hit
  • +500 free transactions outclasses Chase and BofA entry tiers
  • +Seven-day branch hours suit retail and food-service operators
  • +Frequent new-account fee-waiver promotions

Cons

  • −Footprint is strictly the East Coast corridor
  • −Interest Plus rates are token, not competitive with fintechs
  • −$5,000 cash deposit allowance is mid-pack
  • −Out-of-network ATM fees on standard tiers

Our Take

TD is the convenience play: long hours, weekend banking, and a waiver you can clear by combining personal and business balances at just $2,500. Convenience Plus with 500 free items is quietly one of the better volume deals among branch banks. If your business lives between Maine and Florida and values face time with a teller, TD earns its spot; the interest tier is not worth choosing for the yield alone.

Best for: East Coast retail businesses that bank in person on evenings and weekends

Open at TD Bank →

Last verified 2026-06-11

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