Business; Student Banking Services
By: Jasmine Thind and Teresa Pham-Le
TD International Student Package
You may qualify for the International Students Package if
You are the age of majority in your Province or Territory of Residence
You have never opened or held a TD Chequing Account
You provide proof of your status through your Temporary Permit, Permanent Resident Card or Student Permit
You are a student registered full-time and attending a post-secondary program at a registered University or Community College
You are a Temporary or Permanent Resident of Canada for 2 years or less
From everyday banking, money transfers to flexible financing and credit cards, see how we’ve got you covered while you settle in.
Get a Student Line of Credit
Get a credit card, no credit history required
Get a savings account with a bonus rate
Get a TD Student Chequing Account
Student Line of Credit
Help cover the costs of your education with a line of credit
Convenient access to your credit through your TD Access Card
Competitive variable interest rates and your get the same interest rate after you`re done school
Minimum payment during school and up to 24 months after graduation and residency or post-graduate training
Monthly payments don’t start until 24 months after school, your line of credit will be converted to a student loan with comfortable fixed payments
Only apply once for a credit limit that you can continue to access (use and reuse)
Credit Cards
Build credit and earn rewards by using a credit card for purchases
Allow students to get used to having a credit card
Different credit cards vary. Some offer no annual fee while others do. Interest on purchases and cash advances and the authorized user fee also vary.
Bibliography:
-https://www.td.com/ca/en/personal-banking/solutions/student-banking/
TD Professional and Graduate Student Banking Packages
A package including TD Student Line of Credit, All-Inclusive Banking Plan chequing account, and a Premium TD Credit Card, designed to make financing easy for the graduating student.
A student would need this package because it gives them access to their credits, loans them a large amount of money, there is a minimum payment period, no set-up fee, and a 20 year pay down after completing the program.
All-Inclusive Banking Plan chequing account includes
Unlimited transactions
Minimum monthly balance for monthly fee rebate $5,000
$29.95 monthly fee
Line of credit for
Graduate students ‑ $80,000
Naturopathic students ‑ $80,000
Chiropractic students ‑ $100,000
Law, optometry, pharmacy, MBA students – $125,000
Medical & dental students ‑ $300,000
Veterinary students ‑ $140,000
Savings account
An account designed to store and save the student's money, or for frequent use.
A student would benefit from this account because they earn interest for every dollar in the account.
Allows a total of 1 transaction per month. If user goes over 1 transaction, they will charge $3.00.
Chequing account
An account designed to give students quick access to their money for daily banking needs.
A student would need this service because it does not charge monthly fees, and it gives them daily access to their money.
Allows a total of 25 transactions per month.
If user goes over 25 transactions, they will charge $1.25.
No minimum monthly balance required
No monthly fees
