Ordering Cheques

[win-star]

TD select service account has free personalized cheques but the downside is you have to maintain $5,000 min bal. in the account

[DaniDeals]

I'm pretty sure all Canadian banks use Davis and Henderson for their cheques...I don't believe you can buy cheques that are not through a bank because there are certain numbers on the cheques that identify what bank the cheque is from (each bank has it's own bank of Canada #), what branch it's from and your account # info on it. Think of it as a serial #.

If you go online to TD Easy Web and look up their chequing accounts you can compare your current chequing account service plan to the others they offer...you might find some savings there if you have other products with them as win-star said their "select service account plan" has free personalized cheques however if you don't maintain a balance of $5k in the account they will charge you $24.95/month for that plan. So if you don't maintain $5k it might be worth paying $30 for cheques rather than $25/month on a service plan.

You can call Easyline anytime or stop by your branch I'm sure one of the employees would be happy to help you find a suitable plan or help you decide the best solution for you.

Here are the select service plan features (you get additional discounts on other products like Visa & TD Waterhouse brokerage account, and many other "free" services that usually carry a charge ie travelers checks (no commision), passbook record keeping , no fee for drafts or certified chqs, etc:


Our premium account. Take advantage of unlimited transactions and many other savings. Maintain a minimum monthly balance of $5,000<SUP class=footer>*</SUP> and we'll waive the $24.95 monthly fee.
Try our interactive Personal Chequing Account Selector to see which account is right for you.
Select Service features:

• unlimited transactions each month, including:
  
  • Interac Direct Payment purchases
  • Cheques
  • Green Machine withdrawals, account transfers and bill payments.
  • Interac ABM and PLUS system withdrawals
  • EasyWeb Internet banking service bill payments and account transfers
  • EasyLine automated and specialist-assisted telephone account transfers and bill payments
  • In-branch withdrawals, account transfers, bill payments and history enquiries
• free paperless, monthly statement or passbook<SUP class=footer>1</SUP> recordkeeping
• free optional monthly Cheque Image return<SUP class=footer>2</SUP> (available with statement recordkeeping only)
• Annual fee waived for TD First Class Travel Visa Infinite Card, TD Platinum Travel Visa Card or TD Gold Elite Visa Card and for one Authorized User Visa Card on each TD Visa Account<SUP>3</SUP>
• free Borderless Plan with U.S. Dollar Daily Interest Chequing Account
• any personal cheque style free of charge
• free drafts and certified cheques
• free small safety deposit box (subject to availability)
• no commission fee for Canadian and U.S. dollar travellers cheques
• 1/4% interest bonus on 1 - 5 Year GICs<SUP class=footer>4</SUP>
• $25 discount off annual fee on your Self-Directed RSP/RIF with TD Waterhouse Discount Brokerage<SUP class=footer>5</SUP>
• Access Card
• Direct Deposit
• Pre-authorized Transfer Service
• optional Overdraft Protection for added peace of mind for $3.00/month plus applicable interest charges<SUP class=footer>6</SUP>

[travelgeek]

TD select service account has free personalized cheques but the downside is you have to maintain $5,000 min bal. in the account

But there's a lot more upside to this account..... $5000 sitting in a savings account yielding 1.2% (ING) generates $60 in interest. Of that, let's say 1/3 is lost through tax. So you would only 'lose' $40 in interest by letting the $5K sit in this account. With that, you gain a whole lot (the big one being the waived $120 fee on the First Class infinite visa, with its free trip cancellation/interruption insurance), amongst other things as pointed out in the previous post.

[mulock]

I've been using asapcheques.com for a few years now. Excellent service, fast delivery, very good prices (blows Scotiabank out of the water).

[ahazaras]

If you have a line of credit with TD you get free cheques on the line of credit account.
I write cheques on the line of credit and move money over from savings when the cheques clear.

[Kristin]

I've been using asapcheques.com for a few years now. Excellent service, fast delivery, very good prices (blows Scotiabank out of the water).

Seconded. I received my cheques really quickly, and have used them for over a year with no problems. I bank with TD, and before ordering, I confirmed with my family's financial advisor that they honour these cheques.

I think I paid less for 200 cheques with ASAP than I would have for 20-25 cheques from TD.

[limeesl]

If you have VISA card that you do not use, or use very very seldom, and it is all paid out, you can order VISA cheques for free.

However, let say you want to write your cheque for 500$.

You must make sure that:
1 you do not have any balance on your VISA
2 you prepay that 500$ in advance 1 or 2 days
3 you do not use your VISA card until the cheque cashes

If you fail the above steps, you will pay 29% interest on the cheque that you have written.

If you follow the above, you will pay 0% interest, and cheques for free.

The formula of VISA cheques that are treated as cash withdrawal from VISA is like this: Fees and Interest = Ballance x the interest rate.

So if you prepay the ammount you written the cheque for beforehand and your VISA actually will be over paid the formula will be as follows: Fees and Interest = Ballance x the interest rate = 0 x the interest rate = 0.

Good luck.

[travelgeek]

If you have VISA card that you do not use, or use very very seldom, and it is all paid out, you can order VISA cheques for free.

However, let say you want to write your cheque for 500$.

You must make sure that:
1 you do not have any balance on your VISA
2 you prepay that 500$ in advance 1 or 2 days
3 you do not use your VISA card until the cheque cashes

If you fail the above steps, you will pay 29% interest on the cheque that you have written.

If you follow the above, you will pay 0% interest, and cheques for free.

The formula of VISA cheques that are treated as cash withdrawal from VISA is like this: Fees and Interest = Ballance x the interest rate.

So if you prepay the ammount you written the cheque for beforehand and your VISA actually will be over paid the formula will be as follows: Fees and Interest = Ballance x the interest rate = 0 x the interest rate = 0.

Good luck.

Too much work and possibilities for things to go wrong just to save 25 cents a check.

[bigjonnyg]

In Canada the standard cheque supplier has been Davis & Henderson for years, as they are very integrated into the banks. However like any product you as a consume do have a choice.
A great alternative is Print and Cheques Now they match D&H pricing but also offer customer either 25 or 50% more cheques for free on all orders. We use them for our company laser cheques, and i use them personal for my own cheques.
Might be worth taking a look.

Jon

Wasn't sure if I should put this topic here or in ", but here goes.

Where do you guys order cheques? My bank (TD Canada Trust) goes through Davis + Henderson, and that's where I ordered from last time, but it ain't cheap! It was $30 for 100 cheques.. singles, not duplicates. There's so many USA sites for cheap cheques (and they're fun, too! cartoon characters and such), but I haven't been able to find anything for Canada.

Where do you get yours? or have you seen any good ones online? I don't want boring ones

[bigjonnyg]

You are not required to buy from the Banks... most printers can print cheques for you, but not all of them use the same high level of security features to help reduce cheque fraud. Of the thousand of printers across canada only 3 of them manufacture cheques and use the hologram gold foil that is on Davis & Henderson cheques. A supplier worth looking at that does use the hologram gold foil is Print and Cheques Now Inc. They even offer Airmiles, and guarantee to reduce your cheque costs. Davis and Henderson certainly has the majority of the cheque market cornered as they have partnerships with virtually every bank in canada. But if you want to save money they are not who you should order from.

[bigjonnyg]

I used to use PC Financial but got tired of having no tellers to deal with.. So we switched all of our bank accounts to TD instead as i love their hours! We get out cheques from a local print company called print and cheques now. We used to get cheques from the bank through Davis and Henderson but found out we could save money by using someone else.

[Darth Penguin]

In Canada the standard cheque supplier has been Davis & Henderson for years, as they are very integrated into the banks. However like any product you as a consume do have a choice.
A great alternative is Print and Cheques Now they match D&H pricing but also offer customer either 25 or 50% more cheques for free on all orders. We use them for our company laser cheques, and i use them personal for my own cheques.
Might be worth taking a look.

Jon

You are not required to buy from the Banks... most printers can print cheques for you, but not all of them use the same high level of security features to help reduce cheque fraud. Of the thousand of printers across canada only 3 of them manufacture cheques and use the hologram gold foil that is on Davis & Henderson cheques. A supplier worth looking at that does use the hologram gold foil is Print and Cheques Now Inc. They even offer Airmiles, and guarantee to reduce your cheque costs. Davis and Henderson certainly has the majority of the cheque market cornered as they have partnerships with virtually every bank in canada. But if you want to save money they are not who you should order from.

I used to use PC Financial but got tired of having no tellers to deal with.. So we switched all of our bank accounts to TD instead as i love their hours! We get out cheques from a local print company called print and cheques now. We used to get cheques from the bank through Davis and Henderson but found out we could save money by using someone else.

But you appear to own this business....

Hi all,

Just a heads up, Im an owner in a family owned cheque manufacturing company called Cheques Now / Cheques Direct Ltd.

We offer to match your current suppliers price on handwritten or computer cheques. We then offer 25 or 50% more cheques free with your order.
25%more on computer 50% more on manual cheques.

We offer the highest available security features in Canada, plus you can earn AIRMILES (R) reward miles.

Check us out online at www.chequesnow.ca or email me at [email protected]

posted in this thread

[cath007]

Last time I paid 25$ with my bank and they where delivered fast in parcel and required signature

[cath007]

You have a number to call wrothe on the back of cartboard or I go directly to my banks...but a set of 100 last me 4 years.....I just paid rent,dentist those sort of things....

[Shwa Girl]

I used to use PC Financial but got tired of having no tellers to deal with.. So we switched all of our bank accounts to TD instead as i love their hours!

Don't understand what you wrote - "tired of having no tellers to deal with".

PC financial has many bank representatives in RCSS and Loblaws Great Food stores (ON). Even ING has bank representatives.