TD Bank Launches New Checking Account Suite for Small Business

CHERRY HILL, N.J., and PORTLAND, Maine, Feb. 13, 2012 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, is offering small business owners more checking choices and better control of their money with the introduction of TD Business Checking (www.tdbank.com/small_business/checking.html). The new product offering consists of three checking accounts with tiered features, and enables small business owners to choose the account that best suits the needs of their business.

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"Providing convenient banking products and legendary customer service to local small businesses is what distinguishes TD Bank as a leading small business bank," said Fred Graziano, Head of Regional Commercial Banking, Government Banking and Small Business, TD Bank.

"We conducted extensive research and gathered substantial customer feedback to design a new checking suite for small businesses of all sizes that offers industry-leading value, including more convenience and attractive benefits," said Ravi Subbaraya, Head of Business Banking Product Management, TD Bank.

The following checking accounts are now offered through TD Business Checking:

• TD Business Simple Checking – recommended for startup or smaller businesses with low balances and fewer transactions.
• TD Business Convenience Checking Plus – recommended for mature or medium-sized businesses (annual revenues greater than $100,000) with moderate deposit balances and more transactions.
• TD Business Premier Checking – recommended for mid-to-larger businesses (annual revenues of $500,000 or more) looking for a relationship-based product that rewards them for their higher deposit balances. Rewards include safe deposit box discounts, free check images on paper statements, and discounts on business loan rates. 

All TD Business Checking accounts provide free, high-performance TD Bank BusinessDirect Online Banking with bill pay and real-time information and transactions; instant-issue Debit/ATM card usable at more than 1,870 TD Bank ATMs from Maine to Florida; and live customer service 24 hours a day, seven days a week. 

The TD Business Checking accounts are available for both new and existing customers. Small businesses customers who already have checking accounts with TD Bank can choose to keep their existing accounts or switch to the new product suite. New and existing customers are welcome to visit any TD Bank location for consultation on choosing the account that's the right fit for their business. 

To further assist small business customers in determining which checking account is the best fit for their business, TD Bank created an online TD Business Checking Selector tool (www.tdbank.com/BusinessCheckingSelector), which helps small businesses review the unique features of each account. In keeping with TD Bank's commitment to being open and transparent with its customers, the TD Business Checking Selector tool also explains the fees associated with each account, which are competitive and predictable.  

"We're providing each customer with an abundance of information and comparison tools to help make choosing a business checking account simple and hassle-free," said Subbaraya.

"TD Bank is a one-stop banking provider for small business owners from Maine to Florida, offering full-scale solutions and easy-to-use products delivered by local professionals," said Graziano. "With expanded conveniences and a variety of business checking choices, TD Bank is committed to helping small business owners focus on what's most important: the success of their business."

TD Bank is also using social media to educate and converse with small business owners with the creation of informative videos about small business banking on YouTube (www.youtube.com/TDBankUS) and live weekly Twitterviews (Q&A). Each Friday, Small Business Banking experts will be available for live #smallbizfridays on Twitter @TDBank_US (www.twitter.com/TDBank_US) to answer questions and share tips and advice.

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 7.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,280 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized wealth management services through TD Wealth, and insurance products and services through TD Insurance, Inc. TD Bank is headquartered in Cherry Hill, N.J., and Portland, Maine. To learn more, find TD Bank on Facebook at www.facebook.com/TDMoneyLoungeUS, on Twitter at www.twitter.com/TDBank_US, or visit www.tdbank.com.

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 and one of the few banks in the world rated Aaa by Moody's. 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.

SOURCE TD Bank