TD Bank

What TD Bank does

The Toronto-Dominion Bank (TD Bank) is one of North America's largest financial institutions, operating across retail banking, small business, commercial banking, wealth management, and capital markets. The bank serves 28.1 million clients globally and employs 95,000+ colleagues across Canada, the United States, the United Kingdom, and Australia, with its global headquarters in Toronto and U.S. headquarters in Cherry Hill, New Jersey. In the U.S., TD operates through over 1,100 branch locations from Maine to Florida under the 'America's Most Convenient Bank' brand, alongside a digital-first banking platform; the Canadian mobile app serves 8.8 million active users and has held the #1 position for mobile active users among Canada's Big 5 banks for 12 consecutive years. TD is publicly traded on the NYSE and TSX under ticker TD and is Canada's second-largest company by market capitalization.

TD offers a comprehensive product suite spanning TD Beyond Checking, TD Signature Savings, TD Fit personal loans up to $50,000, credit cards (cash back, points, balance transfer, low intro APR), home lending, and small business banking (TD Business Central, TD Commercial Plus Card, TD eTreasury, CFO in a Box dashboard). Wealth management is delivered through TD Wealth, TD Asset Management, and TD Securities for capital markets, with insurance via TD Insurance and automotive financing through TD Auto Finance. Underlying these products is an AI-enabled technology stack anchored by the Layer 6 AI Research Center (acquired 2018), which produced TD's first agentic AI application for mortgage pre-adjudication in January 2025, reducing processing time from approximately 15 hours to under three minutes. Over 40,000 employees use Microsoft Copilot tools internally, and integrations include Google Virtual Card Numbers, Visa's Agentic Ready initiative, the FISPAN ERP partnership, and participation in a Clearing House-led tokenized-deposits consortium.

TD's revenue model is anchored by net interest income from lending activities (mortgages, personal and commercial loans, credit cards), supplemented by fee-based income from account services, wire transfers, and card transactions, plus wealth management advisory fees through TD Wealth and TD Asset Management, capital markets revenue through TD Securities, and insurance premiums through TD Insurance. Distribution combines direct-to-consumer channels (1,100+ retail branches, 8.8M-user mobile app, online banking, 24/7 telephone support), product-led growth via digital innovations like Google Virtual Card Numbers, and enterprise field sales for commercial banking clients via relationship managers and embedded ERP partnerships (FISPAN) processing over $2 billion in payments. The bank also pursues growth through targeted sustainability initiatives, including 10-year carbon-removal agreements with Deep Sky and Climeworks aligned to net-zero 2050 goals.

Name

TD Bank

Legal name

The Toronto-Dominion Bank

Website

https://td.com

Company type

Public

Founded year

1955

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

The Toronto-Dominion Bank (TD Bank) is one of North America's largest banks, serving 28.1 million clients across personal, small business, commercial, and wealth management segments via 1,100+ U.S. branches, a leading Canadian mobile app, and AI-enabled digital platforms.

Ownership category

akta.pro rank

Product category

Retail and Commercial Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211), Portfolio Management and Investment Advice (523940)

SIC

National Commercial Banks (6021), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Bank-Affiliated Retail Wealth Management (FSAAAAAB)

Keywords

• Retail banking services
• Commercial lending products
• Wealth management services
• Mortgage lending solutions
• Consumer credit cards

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Net Interest Income: Primary revenue driver from lending activities including mortgages, personal loans, commercial loans, and credit cards. Interest earned on loan portfolio minus interest paid on deposits.
2. Fee-Based Income: Banking service fees including account maintenance, overdraft fees, wire transfers, and ATM usage. Credit card fees, mortgage origination fees, and wealth management advisory fees.
3. Wealth Management: TD Wealth division generates revenue from investment management fees, financial planning services, and private banking. Includes TD Asset Management, TD Waterhouse Canada Inc., and TD Insurance services.
4. Commercial Banking: Revenue from commercial lending, treasury management, capital markets activities through TD Securities, and international banking services.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

TD Bank is one of North America's largest banks, providing retail, small business, commercial, and wealth management banking products and services across Canada and the United States. Standalone consumer offerings include checking accounts (TD Beyond Checking), savings accounts (TD Signature Savings), personal loans (TD Fit Loan up to $50,000), mortgages and home equity lending, credit cards, and automated investing. Commercial and wealth offerings include TD Business Central, TD Commercial Plus Card, TD eTreasury, TD Wealth (private banking), TD Asset Management, TD Securities (investment banking and capital markets), TD Insurance, and TD Auto Finance.

Product overview

TD Bank operates as one of North America's largest banks with a multi-brand, multi-product platform architecture. The core personal banking offerings include TD Beyond Checking and TD Signature Savings accounts, complemented by lending products (TD Fit Loan, TD Home Lending) and credit cards. The wealth management division encompasses TD Wealth (private banking, investment management), TD Asset Management (mutual funds, ETFs), and TD Private Client Wealth for high-net-worth clients. Business services include TD Business Central, TD Commercial Plus Card, TD eTreasury, and a CFO in a Box dashboard for small businesses. The bank also maintains specialized divisions for insurance (TD Insurance), automotive financing (TD Auto Finance), and capital markets (TD Securities). Recent innovation includes an agentic AI mortgage application system launched in January 2025 that reduced processing time from 15 hours to under 3 minutes.

Differentiator

Problem solved

Functional benefit

Brands

• TD Easy Trade: A service of TD Direct Investing for trading and investment services
• TD Waterhouse
• TD Fit Loan
• TD Insurance Meloche Monnex
• TD Emerald Funds

Products and services

• TD Beyond Checking

Quantifiable outcome

• Mortgage processing reduced from 15 hours to 3 minutes using AI agent
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability6 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• Deep SkycoreStrategic or Co-development Partner · 9 June 2026TD Bank Group signed a 10-year agreement to purchase over 18,000 verified direct air capture carbon dioxide removal credits from Deep Sky's facilities in Canada. The deal supports TD's net-zero 2050 goals and permanent carbon removal infrastructure development in Canada.
• The Clearing HousecoreStrategic or Co-development Partner · 5 June 2026TD Bank is part of a consortium of major U.S. banks led by The Clearing House launching a landmark digital payments initiative to enable on-chain clearing and settlement of tokenized deposits, supporting 24/7 settlement and connectivity between blockchain activity and traditional fiat rails.
• Climeworks SolutionscoreStrategic or Co-development Partner · 1 June 202610-year carbon removal agreement supplying TD Bank with managed portfolio of carbon removal credits across multiple North American pathways including enhanced rock weathering, biochar, BECCS, and future direct air capture. Makes TD Bank Climeworks' first Canadian financial services customer.
• FISPANcoreTechnology or Integration · 1 June 2026TD partnered with FISPAN to embed commercial banking products into ERP and accounting software, with about 150 large customers processing over $2 billion in payments through more than 200,000 transactions.
• VisacoreTechnology or Integration · 8 May 2026TD Bank participates in Visa's Agentic Ready initiative in Canada, giving banks a secure testing environment to handle AI agent-initiated transactions as part of the shift toward agentic commerce.
• GoogleflagshipTechnology or Integration · 21 April 2026TD Visa Credit Cardholders in Canada are the first in the country to access Virtual Card Numbers through Google as a payment option on Google Chrome and in-app shopping, providing enhanced security through unique virtual card numbers.
• Per ScholasminorOthers · 21 April 2026Paul Bajus, Head of U.S. Retail Solutions & Service at TD Bank, appointed to Board of Directors to support organization's goal of training 25,000 technologists annually by 2030.
• Ticker TakeminorGTM or Marketing Partner · 15 April 2026TD is a founding sponsor of Ticker Take, a creator-driven financial media network co-founded by Jon Erlichman and Caroline Lesley that has surpassed 3 billion views since launching in October 2024.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Royal Bank of Canada: Canada's largest bank and a fellow member of the Big 5, with comparable personal, commercial, wealth, and insurance franchises and significant cross-border U.S. operations — the closest direct peer to TD Bank Group in scale, mix, and geography.
• Canadian Imperial Bank of Commerce (CIBC): Big 5 Canadian bank with overlapping personal, commercial, and wealth offerings; CIBC's U.S. push (CIBC Bank USA) mirrors TD's strategy of leveraging Canadian operations into U.S. retail and cross-border banking.
• Bank of Montreal (BMO): Big 5 Canadian bank with a parallel U.S. retail footprint (BMO Harris), similar product mix across personal, commercial, and wealth, and the same cross-border deposit and lending dynamics that drive TD's franchise.
• Scotiabank: Big 5 Canadian bank with retail and commercial banking in Canada plus significant international (LatAm and U.S.) operations, competing directly with TD in retail deposits, mortgages, and wealth management.

Broad incumbents

• Bank of America: Top-3 U.S. retail bank with nationwide branch footprint, integrated wealth (Merrill), and a heavy investment in mobile and Erica AI — comparable breadth of franchise and similar digital-and-branch distribution model to TD.
• Wells Fargo: Major U.S. bank with deep retail, commercial, and wealth franchises and the largest U.S. branch network; directly comparable in store-based retail banking, small business lending, and consumer credit cards.
• JPMorgan Chase: Largest U.S. bank with retail, commercial, wealth, and capital markets franchises that overlap broadly with TD's offerings; competes most directly in commercial banking, payments, and AI-driven process automation across consumer banking.

Emerging players

• Ally Financial: U.S. digital-first bank with no branches that competes with TD for retail deposits, auto finance, and credit cards; representative of the neobank/digital-native competition pressuring TD's retail deposit pricing and customer acquisition cost.

Regional players

• PNC Financial Services: Top U.S. regional bank with strong East Coast/Mid-Atlantic presence directly overlapping TD's U.S. geographic footprint; similar mix of retail, small business, and corporate banking, and a comparable client base of mid-market commercial borrowers.
• M&T Bank: Northeast U.S. regional bank with a branch-led retail model and commercial banking franchise concentrated in the same Mid-Atlantic corridor where TD's 1,100+ U.S. stores are densest, competing head-to-head for deposits and small business customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/TDBank_US
• YouTubeyoutube.com/user/TDCanada/TDCanadaTrust
• Facebookfacebook.com/TDBank
• LinkedInlinkedin.com/company/2775
• Instagraminstagram.com/tdbank_us

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries17 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments62 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TD Bank