Cancels plans for "inactivity fee" on unsecured lines of credit

    TORONTO, Jan. 30, 2009 /CNW/ - TD Canada Trust today announced a
commitment to no new fees and no fee increases on personal and small business
banking products for the remainder of 2009. In addition, a $35 fee on inactive
unsecured lines of credit which was to go into effect at the end of April, has
been cancelled.
    TD Canada Trust's fee commitment applies to personal banking products,
including saving and chequing accounts, credit cards, mortgages and lines of
credit, and all small business banking products, including saving and chequing
accounts and lines of credit.
    "We've been listening to the concerns our customers and employees have
been expressing, and we believe that this commitment is the right response in
the current environment," said Tim Hockey, President and CEO, TD Canada Trust.
"We recognize that times are challenging for many people right now. Holding
the line on fees is one tangible way of helping."
    TD Canada Trust is helping customers in other ways too, by continuing to
lend to individuals and businesses who need access to credit, by providing
solutions for managing debt, and by offering personal financial assessments
and expert advice to customers on everything from savings and investments to
retirement planning.
    "The message we want our customers to hear is that we are here for you.
If you've got financial questions or concerns, come and talk to us so we can
figure things out together," added Hockey.
    For more information about this announcement, customers can call
877-301-9217 (English) or 877-301-9219 (French).

    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 approximately 17 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
through TD Banknorth and TD Bank, America's Most Convenient Bank; and
Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks
among the world's leading on-line financial services firms, with more than 5.5
million on-line customers. TD Bank Financial Group had CDN$563 billion in
assets as of October 31, 2008. The Toronto-Dominion Bank trades under the
symbol "TD" on the Toronto Stock Exchange and New York Stock Exchange.

For further information: Kelly Hechler, Media Relations, TD Bank
Financial Group, (416) 982-2469