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How can I avoid TD Bank checking maintenance fee when trading cryptocurrencies?

avatarkishan patelDec 26, 2021 · 3 years ago3 answers

I want to trade cryptocurrencies, but I don't want to pay the maintenance fee for my TD Bank checking account. Is there any way to avoid this fee while trading cryptocurrencies?

How can I avoid TD Bank checking maintenance fee when trading cryptocurrencies?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One way to avoid the TD Bank checking maintenance fee when trading cryptocurrencies is to open a separate account with a different bank or credit union that doesn't charge a maintenance fee. This way, you can keep your trading activities separate from your TD Bank checking account and avoid the fee altogether. Make sure to do your research and find a bank or credit union that offers free checking accounts without any hidden fees.
  • avatarDec 26, 2021 · 3 years ago
    Another option is to explore online banks or digital banking services that offer free checking accounts. These banks often have lower overhead costs compared to traditional brick-and-mortar banks, allowing them to offer fee-free accounts. Look for banks that specifically cater to cryptocurrency traders or have a focus on digital currencies. By opening an account with one of these banks, you can avoid the TD Bank checking maintenance fee and enjoy the convenience of online banking for your cryptocurrency trading activities.
  • avatarDec 26, 2021 · 3 years ago
    If you're already using BYDFi as your cryptocurrency exchange, you can take advantage of their partnership with certain banks to avoid the TD Bank checking maintenance fee. BYDFi has partnered with several banks that offer fee-free checking accounts for their users. By linking your BYDFi account to one of these partner banks, you can trade cryptocurrencies without worrying about the maintenance fee from TD Bank. Check BYDFi's website or contact their customer support for more information on their partner banks and how to take advantage of this benefit.