Compare TD Bank Unlimited Chequing Account versus DUCA Financial Services Credit Union – Evermore Premium Chequing Account unlimited banking
The TD Bank Unlimited Chequing Account offers unlimited banking at a nominal monthly fee (you can avoid it too). It has features like fraud alerts and fee rebates and even lets you earn rewards. Click here to get this account.
In this article, we will compare it with the Evermore Premium Chequing Account offered by the DUCA Financial Services Credit Union. It also covers all your day-to-day banking needs and offers several features and benefits. You can open an account online by clicking here.
Are you confused about which one is the correct chequing account for you? Let us explore both and do a comparative analysis.
1. TD (Toronto Dominion) Bank Unlimited Chequing Account
Are you looking for peace of mind in banking? Well, the TD Bank Unlimited Chequing Account aims to serve your purpose. It lets you enjoy an unlimited banking facility. It even tracks your money.
WELCOME OFFER
- If you open an account till October 31, 2022, you will get an Amazon.ca gift card worth $300. However, to avail of this offer, you need to:
- Set up a recurring deposit
- Set a recurring and pre-authorized debit transactions payment of at least $50
- Make a bill payment using EasyWeb or TD App
FEATURES
- Eligibility
| a. | You must be a Canadian resident. |
| b. | Be a major as per the age of majority set by your province. |
| c. | You must have a valid email address that is not shared with any other organization or individual |
Interest Rate:
- This account does not offer an interest rate.
Minimum Balance:
- You are not required to keep a minimum balance.
Transactions:
- Unlimited Debit transactions every month
- Unlimited free Interac e-Transfer every month
Monthly Fees:
- The monthly fee of this account is $16.95
- If you are 60 or older, the monthly charge applicable to you is $11.95
- You can pay $0 by maintaining $4000 or more in your account at the end of each day of the month
Additional Benefits
2. DUCA Financial Services Credit Union – Evermore Premium Chequing Account
If you perform a high number of transactions every month, the Evermore Premium Chequing Account offered by DUCA can fulfill all your banking needs. It offers Ontarians several benefits and helps them achieve more.
WELCOME OFFER
DUCA is not offering any introductory offer or opening cash bonus on new accounts.
FEATURES
- Eligibility
| a. | You must be a Canadian resident. |
| b. | Be a major as per the age of majority set by your province. |
Interest Rate:
- This account does not offer any interest rate
Minimum Balance:
- There is no requirement for any minimum balance
Transactions:
- Your first five online debit transactions are FREE. After this, the bank will charge you $1.25 per transaction
- Your first five Interac e-Transfer is FREE. Additional transfers will cost you $2 per transaction
- You also enjoy – Me2Me Transfers, In-person Transfers, and Remote Deposits
Monthly Fees:
- The monthly fee associated with this chequing account is $9
Additional Benefits
COMPARATIVE ANALYSIS
| Parameters | TD Bank Unlimited Chequing Account | Evermore Premium Chequing Account – By DUCA Financial Services Credit Union |
| Welcome Offer | $300 (Amazon.ca Gift Card) | $0 |
| Monthly Fees | $16.95 or $0 when you maintain $4,000 daily | $9 |
| Interest Rates | 0.00% | 0.00% |
| Minimum Balance | Not applicable | Not applicable |
| Interac e-Transfers | Unlimited | 5 per month, additional at $1.25 each |
| Debit Transactions | Unlimited | 5 per month, additional at $2 each |
Among the 6 parameters mentioned above, the TD Bank Unlimited Chequing Account scores. There is a tie in two, while Evermore Premium Chequing Account – By DUCA Financial Services Credit Union scores higher in one parameter.
OPINION of Expertbyarea.money
The TD Bank Unlimited Chequing Account is more flexible and offers unlimited banking. However, you will undoubtedly pay a $16.95 monthly fee. Besides, you also enjoy a $300 Amazon.ca gift card with the potential to earn rewards at select Starbucks stores.
The Evermore Premium Chequing Account offered by DUCA Financial Services Credit Union is an affordable option ($9 monthly fee) for those who perform banking within a limit.
Evaluate your requirements. Choose the best account that better serves your needs.
