How Do I Open a Trust Account at TD Bank?

Opening or retitling

In a branch

Not stated

Online

Not stated

By phone

Not stated

By mail

Not stated

Appointment

Not stated

Co-trustees

Not stated

Existing account

Not stated

What proves the trust

The full trust instrument

Certification form

Not stated

What it costs

Opening deposit

$0.00 on every TD personal checking and savings product (TD Beyond Checking, TD Complete Checking, TD Essential Banking, TD Simple Savings, TD Signature Savings); $250.00 to open a TD Choice CD or TD No Catch CD

Monthly fee

Not stated for trust accounts

Fee waived at

Not stated for trust accounts

Other waivers

Not stated for trust accounts. The age-based waivers (TD Complete Checking primary account holder 17 through 23; TD Essential Banking 13 through 17; TD Simple Savings age 18 or younger or 62 or older) are written for the primary account holder's age; TD does not say whether a trustee's age counts. A trust set up with a Social Security Number or Tax Identification Number does qualify as an owner for the TD Simple Savings 12-month recurring-transfer waiver and the TD Signature Savings Rate Bump

Schedule that applies

Personal Deposit Account Agreement 62-7340-DG (0826) incorporating the Personal Account Maintenance Information grid 5910-RET (07/26) and the Personal Fee Schedule 5911-RET (07/26), with the per-product Account Guides (Beyond 19000-CK, Complete 42715-CK, Essential 38531-CK, Signature Savings 36761-SV, Simple Savings 19008-SV, all (07/26)). The Business Deposit Account Agreement 40890-SB (06/26) also names a trust as an account-opening "You"; TD publishes no rule assigning a revocable living trust to either side

Other charges

Paper statement $3.00 per statement cycle (TD Beyond Checking, TD Complete Checking, and the Personal Fee Schedule generally; Free for TD Complete primary account holders aged 60 and above), $1.00 on TD Essential Banking; printed check images with paper statement $2.00 per statement cycle (Free on TD Beyond Checking). No dormant or inactive-account fee is published: the PDA says only that TD may stop sending statements once "your Checking Account has been inactive for more than 6 months or your Savings Account has been inactive for more than 9 months" and that abandoned funds are turned over to the state. No early-closing fee is published.

For trust accounts

The personal fee documents name no trust. The PDA names a trust by name only in eligibility tables: "For personal and certain personal trust TD Signature Savings Accounts, earn a higher interest rate, known as a Rate Bump", with the ownership requirement "Individual, Primary or Secondary Owner, OR Trust set up with a Social Security Number or Tax Identification Number, or be a Trustee of such a Trust Account" (the same row appears for Personal Checking as a linkable account and for the TD Simple Savings waiver), and warns that "TD may link your TD Signature Savings account to an Eligible Account for which you serve as a trustee. This could result in either of your Accounts receiving a financial benefit, which may be a violation of your fiduciary duties." On the business side, the BDAA states "there is no minimum requirement for a Trust CD" (a business Jumbo/Trust CD clause; rates "available in the Stores upon request"). No monthly fee, waiver or exclusion is stated for a trust account.

Who can open it

Existing customer

Not stated

Documents to bring

• Written trust agreement, provided at account opening
• Certified copy of the trust instrument, if TD requests it
• Identification of each person opening: name, legal address, date of birth, SSN or TIN; ID documents on request

Once it is open

Online banking

Not stated

Checks

Not stated

Debit card

Not stated

What to know at TD Bank

TD Bank, N.A. publishes no US page describing how a grantor opens or retitles a deposit account in the name of a revocable living trust: no channel list, no document checklist, no appointment rule, no certification-of-trust form, and no statement of whose taxpayer number the account uses. What is verifiable is the Personal Deposit Account Agreement's Trust Accounts ownership section: an account designated as a trust Account without a written trust agreement provided at opening is a Revocable Unwritten Trust (an in-trust-for account); an account opened "as trustee of a written trust" is transacted only by the trustee as the trust instrument designates, and TD can request a certified copy of the trust instrument. The same agreement treats a "Trust set up with a Social Security Number or Tax Identification Number" as an eligible owner of TD Signature Savings, TD Simple Savings and Personal Checking accounts for its Rate Bump and waiver rules, which is the only place TD names the two taxpayer numbers side by side. The Business Deposit Account Agreement separately names a trust among the business-purpose entities that may open an Account; TD publishes no rule assigning a revocable living trust to the personal or the business side. TD publishes no successor-trustee procedure for US deposit accounts; the estate materials that surface on td.com are TD Canada Trust content.