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Hundreds of TD Canada Trust branches to open seven days a week
October 14, 2010
1:52 pm
djino
Ottawa (Gatineau, Qc Area)
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http://www.newswire.ca/en/rele.....c2467.html

EDIT: Link above should now work

Hundreds of TD Canada Trust branches to open seven days a week

Even more convenient banking hours for many Canadian communities

TORONTO, Oct. 14 /CNW/ -- TD Canada Trust today announced that it is increasing branch hours and introducing seven day banking across the country. Beginning February 13, 2011, more than 300 TD Canada Trust branches in almost 90 communities across Canada will serve customers seven days a week, including Sundays from noon to 4 p.m. This means that some branches will be open for business as many as 72 hours a week.

"TD Canada Trust has been the leader in convenient hours among Canadian banks for more than 30 years," said Kerry Peacock, Executive Vice President, Branch Banking, TD Canada Trust. "Our promise to customers is comfortable banking, which means superior service and convenience -- that's how we compete. We already have the longest banking hours in the country, 50% more than our competitors, and soon we'll have branches open to serve customers all week long, when it's convenient for them."

"We talk to our customers regularly so we know that, given their busy work and personal lives, they appreciate the ability to do their banking at a branch when it suits their schedule, whether it's first thing in the morning, in the evening or on the weekend," added Peacock. "With this move we're pleased to offer them an additional day to do their banking, pay their bills, seek financial advice and apply for a loan or a mortgage -- whatever they need to do."

TD Canada Trust has been ranked first in customer service among the five major Canadian banks for five years in a row by J.D. Power and Associates and for six years in a row by Synovate.

TD Canada Trust serves approximately 11 million personal, small business and commercial banking customers across Canada through an expanding network of over 1,100 branches and 2,600 ATMs, as well as via EasyLine telephone banking and EasyWeb Internet banking.

J.D. Power and Associates 2010 Canadian Retail Banking Customer Satisfaction Study(SM) rated TD Canada Trust highest in satisfaction among the big five Canadian retail banks for the fifth year in a row, based on account activities, account information, product offerings, facility, fees and problem resolution.

Synovate ranked TD Canada Trust first among the big five Canadian retail banks for the sixth year in a row, based on highest scores in value for money, values my business, products and services excellence, ATM banking excellence, online banking excellence, recommend to friends and family and overall customer service excellence.

About TD Bank Financial Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group is the sixth largest bank in North America by branches and serves more than 18 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Insurance; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking, including TD Bank, America's Most Convenient Bank; and Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks among the world's leading online financial services firms, with more than 6 million online customers. TD Bank Financial Group had CDN$603 billion in assets on July 31, 2010. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.

djino

October 14, 2010
6:53 pm
Doug
British Columbia, Canada
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hey djino,

That's certainly a huge increase to their Sunday banking hours of operation, over 25% and just shy of 33% of their total Canadian retail branch network, in one swoop. I'm a bit conflicted, I must admit, as we move to seven-day branch banking hours.

One the one hand, it is great in that it will require additional staffing and help to create more jobs. That's a plus. It is certainly convenient for customers but is it really necessary? Many banks and credit unions already operate six days a week and some are open long hours even on Saturdays, which benefits those who don't work Monday to Friday. The only people the banks attract by being open Sundays are the senior citizens who refuse to use electronic banking channels (i.e., ATMs and Interac Direct Payment, among others) and people who would use ATMs but are now spoiled into never having to use an ATM. ATMs are such fabulous machines - I honestly don't know why everyone won't use them.

Very few people will come in on a Sunday to sit down and discuss their investment portfolio or talk about a new mortgage, home equity line of credit and open new credit cards which is what the banks really want by being open extended hours.

Also, the link you provided is broken - 404 not found. Therefore, the correct link (from TD's site, not a third-party newswire service):

http://td.mediaroom.com/index......;item=1064

Cheers,
Doug

October 16, 2010
4:27 pm
Prag
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I'm not too keen about stores being open on Sundays - especially something as discretionary as a bank which is already open on Saturdays and has ATM access 24/7. That said, I do think convenience, grocery, and gas marts should be open on Sundays if they want to as most people do big grocery shoppings on weekends and food is a staple. We got by fine without stores being open on Sundays for decades, and the main problem I have with things being open 7 days a week is it makes it far harder for families and friends to socialize, attend weddings and other important events, when there isn't any guaranteed time that everyone isn't working.

I have the same low opinion of companies that make staff work on legal holidays. People need at least some breaks that occur at the same time so people can have a life and see their families and friends once in a while.

Taking things even further, any company that needs people working between 11pm and 6am should either offshore their work to a country where it's the daytime during those hours, or just stay closed. It's well documented in scientific studies that shift work, exposure to bright lights at night, and a poor social life measurably cut a person's projected lifespan and increase the risk for disease, not to mention cuts them off from spending time with family and friends in the "here and now".

So, TD opening on Sundays is not a step ahead as far as I'm concerned.

October 18, 2010
7:21 am
Doug
British Columbia, Canada
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Well said, Prag! I don't disagree with any one of your points. In fact, I'm wholeheartedly in agreement with all of it! 🙂

Cheers,
Doug

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