CHERRY HILL, N.J., Nov. 13, 2013 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, has introduced two new Commercial checking products, offering features, benefits, and choices for growing small and mid-size businesses.
TD Commercial Convenience Checking and TD Commercial Simple Checking are checking accounts that provide advanced payment services typically associated with treasury management in a simple and easy to understand package. The new offerings allow customers to manage their business finances more effectively and reduce service fees with earnings credits on balances.
"We recognize that emerging commercial businesses have advanced banking and payment needs, but may not be ready for full scale treasury management services. We've responded with solutions that satisfy the needs of such businesses, conveniently and affordably," said Ravi Subbaraya, Senior Vice President and Head of Business Banking Products at TD Bank. "Our new Commercial Checking suite provides value, simplicity and features to make banking with TD even more convenient for business customers."
TD Bank's new checking products include:
TD Commercial Convenience Checking – For growing small and mid-size businesses with more complex financial needs, TD Commercial Convenience Checking enables customers to select the advanced online payment services they want, with the benefit of an Earnings Credit Rate (ECR) that can help offset the cost of banking services. With access to several advanced payments and receivables services, available through the state of the art TD eTreasury® platform, this product helps account holders run their business more effectively and securely. Key features include three free accounts, 1,000 free transactions per statement cycle across the account relationship, and the ability to waive a monthly maintenance fee.
TD Commercial Simple Checking – For growing small businesses and mid-size businesses with simpler payment needs, TD Commercial Simple Checking provides cost-effective checking features with the relationship value they need. Account holders can take advantage of free online banking and bill pay and receive an ECR to help offset the cost of banking services.
"From changing technology, to uncertain market demand, to the operating environment, businesses have their hands full, and we want to help them navigate these challenges and opportunities," said Fred Graziano, Executive Vice President and Head of Regional Commercial Banking for TD Bank. "That's why we're focused on offering not just the products tailored for these growing businesses, but also the counsel, service, and partnership they deserve from their bank. Our local teams of Relationship Managers are there to advise our customers through each growth cycle and help them manage their finances along the way."
About TD Bank, America's Most Convenient Bank® TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD." To learn more, visit www.td.com.