I currently have an account and credit card with President’s Choice that I use for my everyday banking and savings.

I’ve had a TD chequing account for years, but haven’t used it for anything outside of my biweekly TD consolidated debt payment that has since been closed. TD has ridiculous fees which deters me from wanting to bank with them at all.

My question is, is there ANY benefit to keeping the TD account open? PC offers everything I need and has no fees. I will never have a mortgage, and am highly unlikely to ever apply for a loan. Even if I did, do I have to be a customer of the bank already?

If I’m not keeping more than $10 in the TD account (just to cover the minimum monthly fees) is there any point in keeping the account open? I just feel like I’m giving them $3.50 a month for no reason.