TD Bank Group completes MBNA asset purchase
We are pleased to announce that an asset purchase of MBNA by TD Bank Group is complete and MBNA is now a division of The Toronto-Dominion Bank. As a TD customer, it’s business as usual for you. For your convenience, we have provided answers to some questions that you may have right now. Please take a moment to look through these Frequently Asked Questions for more information.
We look forward to continuing to meet your credit card needs, now and in the future.
I have a TD Credit Card. Does this announcement affect that card at all?
No, there will be no changes to your TD Credit Card and all terms and conditions remain in effect.
Will the MBNA name change?
MBNA is now a division of The Toronto-Dominion Bank but there are no plans to change the MBNA name at this time.
I have TD accounts as well as an MBNA MasterCard credit card. What do these changes mean for me?
There are no changes to your TD accounts and no changes to your MBNA MasterCard credit card as a result of this purchase. You will be notified of any future changes to your MBNA MasterCard credit card. Please watch your mail and check your MBNA MasterCard credit card account statement for important information. Additional details can also be found at www.mbna.ca.
I have a TD Credit Card and an MBNA MasterCard credit card and the interest rate on the two cards is different. Can I get the lower rate on both cards?
Your TD Credit Card and MBNA MasterCard credit card are completely separate cards, with different rates, terms, and conditions which remain in effect and cannot be combined between cards.
I am a TD Canada Trust and an MBNA MasterCard credit card customer. Can I check my MBNA MasterCard credit card balance through TD EasyWeb internet banking, TD EasyLine telephone banking, a TD Green Machine or through a TD Canada Trust branch?
At this time, your MBNA MasterCard account information will not be available through TD internet banking, telephone banking, ATM or through a branch, so you should continue to obtain information about your MBNA MasterCard credit card account in the same manner as you have in the past. If you have a TD bank account and you currently make your MBNA MasterCard bill payments through TD EasyWeb internet banking, you can certainly continue to do so.
Can I apply for an MBNA MasterCard credit card through a TD Canada Trust branch or
online with TD Canada Trust?
For now, you can apply only for a TD Credit Card through a TD Canada Trust branch or online with TD Canada Trust. To apply for an MBNA MasterCard credit card, please visit www.mbna.ca or call 1-877-428-6060.