TD to waive chequing fees for customers identifying as Indigenous
TD Canada Trust says it will begin offering free chequing accounts to customers who “identify as Indigenous,” as part of upcoming changes to its fee structure taking effect November 28. The policy, outlined in a notice titled About Our Accounts and Related Services, adds “Indigenous Peoples from
Guess we’re all treaty people now?TD Canada Trust says it will begin offering free chequing accounts to customers who “identify as Indigenous,” as part of upcoming changes to its fee structure taking effect November 28.
The policy, outlined in a notice titled About Our Accounts and Related Services, adds “Indigenous Peoples from Canada” to the list of groups eligible for a $0 monthly fee on the bank’s Minimum Chequing Account. The account normally costs $3.95 per month.
Under the new terms, Indigenous clients will be exempt from providing proof of eligibility, unlike other groups listed for the same waiver. Seniors receiving the federal Guaranteed Income Supplement, beneficiaries of a Registered Disability Savings Plan, and newcomers to Canada must show documentation and may be asked to reconfirm their status periodically.
The exemption for Indigenous clients specifically states it “excludes Indigenous Peoples from Canada” from that requirement.
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