TD Canada Trust has announced a commitment to no new fees and no fee increases on personal and small business banking products for the remainder of 2009.
In addition, a $35 fee on inactive unsecured lines of credit which was to go into effect at the end of April, has been cancelled, Toronto-Dominion Bank said Friday.
TD Canada Trust’s fee commitment applies to personal banking products, including saving and chequing accounts, credit cards, mortgages and lines of credit, and all small business banking products, including saving and chequing accounts and lines of credit.
“We’ve been listening to the concerns our customers and employees have been expressing, and we believe that this commitment is the right response in the current environment,” says Tim Hockey, president and CEO, TD Canada Trust. “We recognize that times are challenging for many people right now. Holding the line on fees is one tangible way of helping.”
IE
TD cancels plans for “inactivity fee” on unsecured lines of credit
No new fees and no fee increases on personal and small business banking products for rest of 2009
- By: IE Staff
- February 1, 2009 February 1, 2009
- 14:04
IE Staff