TD Bank

TD Bank groups two different offers under the TD brand. In Canada, TD Merchant Solutions provides merchant acquiring from The Toronto-Dominion Bank. In the United States, TD Bank, N.A. provides business accounts. The contracting entities, markets and protection of funds differ between the two.

Services The listed services are merchant acquiring and POS, along with business accounts. The stated client type is businesses. Account types, payment channels, card networks, fees and opening deposits are published separately for each legal entity and market, and none is shown here for both together.

Deposit insurance FDIC protection applies only to eligible deposits at the US bank. It does not apply to Canadian acquiring, so a merchant using the Canadian service should not rely on it.

What to clarify The first question is which entity a company would contract with, since that decides the fee schedule, the card networks and the opening requirements. A cross-border firm may need separate relationships on each side of the border.

Who it suits Canadian merchants looking for POS and card acceptance from a large domestic bank, and US small businesses that want a conventional business account, and groups that operate in both countries and want to compare the two entities.