FAQs
TD launched the TD Ready Commitment to help open doors for a more inclusive and sustainable tomorrow by focusing our community giving on four drivers of change. Read our informational sheet for each of these drivers here: Financial Security, Vibrant Planet, Connected Communities and Better Health.
Is TD Bank financially stable? ›
Is my money safe with TD? TD is dedicated to stability and security, with a longstanding focus on strong risk management and controls and a diverse portfolio mix including total deposits of $361 billion and a loan-to-deposit ratio of 48% as of 12/31/22.
What are TD Securities values? ›
Commitment to Our Clients
We leverage the diversity of the experience and perspectives of our people to deliver innovative solutions for our clients. We are committed to working with organizations that are built on the same ethical principles and inclusive business practices.
What is the financial strength rating of TD Bank? ›
Summary. On May 14, 2021, DBRS, Inc. (DBRS Morningstar) confirmed the ratings of TD and its related entities, including TD's Long-Term Issuer Rating of AA (high) and Short-Term Issuer Rating of R-1 (high). The trend on all ratings is Stable.
What does commitment mean in banking? ›
A loan commitment is an agreement by a commercial bank or other financial institution to lend a business or individual a specified sum of money.
What are TD Securities known for? ›
TD Securities is a Canadian investment bank and financial services provider that offers advisory and capital market services to corporate, government, and institutional clients worldwide.
Is TD Bank good or bad? ›
Read our TD Bank review, including pros, cons, customer feedback and a breakdown of its deposit accounts, to decide if TD is right for you. Key Takeaways: TD Bank scores 4.1 out of 5.0 stars overall with our review team, thanks in part to its many options for checking and CD accounts.
Which bank is the most financially stable? ›
JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.
Is TD Bank too big to fail? ›
Royal Bank of Canada (RBC) and TD Bank remain Canada's only members on the list of global systemically important banks (G-SIBs), which defines banks considered “too big to fail” by regulators. The Financial Stability Board (FSB) published its G-SIB list for 2020 on Nov.
Who is TD Securities owned by? ›
TD Securities (USA) LLC is a wholly-owned, indirect subsidiary of The Toronto-Dominion Bank. "TD Cowen" is a division of TD Securities and represents a marketing name of certain business within TD Securities, including research.
Our strategy
As a top 10 North American bank, TD aims to stand out from its peers by having a differentiated brand – anchored in our proven business model, and rooted in a desire to give our customers, communities and colleagues the confidence to thrive in a changing world.
What are the strategic priorities of TD Bank? ›
We're focused on re-imagining the banking experience and driving engagement across our digital and physical platforms to meet our customers' needs and expectations. The investments we made in response to the pandemic have enabled us to accelerate our strategy, delivering for our customers today and into the future.
Is TD a good company? ›
TD has an employee rating of 3.9 out of 5 stars, based on 18,832 company reviews on Glassdoor which indicates that most employees have a good working experience there. The TD employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).
Is TD a better bank than Chase? ›
Both banks offer relatively low-interest rates, but TD offers the potential for higher rates on its savings and checking accounts than Chase does. TD Bank offers a rate that starts at 0.01% APY for it's signature savings and caps out at 4.00% based on how much you have in the account.
Why TD Bank is better? ›
TD Bank FAQs
TD Bank stands out from other banks if you're interested in a brick-and-mortar banking experience and want bank accounts with low initial deposits, a variety of home loans or personal loan options, or a 2% cash back credit card.
What is a bank commitment fee? ›
A commitment fee is a banking term used to describe a fee charged by a lender to a borrower to compensate the lender for its commitment to put up the loan funds. Commitment fees typically are associated with unused credit lines or undisbursed loans.
What is a typical bank commitment fee? ›
Generally, the standard commitment fee typically ranges between a 0.25% to 1.0% annual fee paid to the lender. While an insignificant source of returns, commitment fees are still charged by lenders to keep the line of credit available to be drawn upon on an “as-needed” basis.
What is a lender commitment? ›
A loan commitment is a letter from a lender indicating your eligibility for a home loan. In essence, it is the lender's promise to fund the loan as stated by the terms in the letter. You receive a loan commitment letter once your application has been reviewed and the underwriting process is complete.
What does mortgage commitment mean? ›
A mortgage commitment letter is a document stating that a lender has reviewed your application and intends to give you a loan. The mortgage commitment letter proves you're preapproved, signaling to homesellers you're a serious buyer with backing.
