TD Bank
TD Bank Business Checking (Convenience Plus / Interest Plus)
By Alex Compton · Last verified
East Coast convenience banking with long hours and low waiver bars
Insurance: FDIC insured up to $250,000 (TD Bank, N.A.)
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-10-12 | None on Convenience Plus; Interest Checking Plus earns interest at modest tiered rates | $20 (Convenience Plus) or $15 (Interest Plus), waivable | $100 | TD Business Convenience Checking Plus and Interest Checking Plus pages →Reconfirmed $20/$15 fees, $2,500 waivers, $100 opening deposit, 500/200 items, $5,000 cash then $0.30 per $100; new-customer fee-waiver promo through 10/31/26 |
| 2026-06-11 | None on Convenience Plus; Interest Checking Plus earns interest at modest tiered rates | $20 (Convenience Plus) or $15 (Interest Plus), waivable | $100 | Archive record · no attached snapshotLegacy snapshot before event-level evidence attachments |
Primary-source verification log
Append-only evidence ledger- changed
$20/$15 fees, $2,500 waivers, $100 opening, 500/200 items and $5,000 cash reconfirmed; current new-customer fee-waiver promo recorded
Fields: atm, features
TD Business Convenience Checking Plus and Interest Checking Plus pages →
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
- ▸New-customer promo for accounts opened 8/1/26 to 10/31/26 waives the monthly fee for the first 3 months or 4 statement cycles
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 2026-10-12
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