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TD Helps


As part of a broader initiative to reach out to customers experiencing financial hardship, TD Canada Trust has created TD Helps, a subsite featuring 12 employee videos. The project was inspired by stories shared among employees on TD’s intranet.

Most of the videos — 10 of the 12 in fact — are firsthand testimonials, where an employee shares a story about how they were able to help a customer who has been severely effected by the economic downturn. There’s also one video with a step-by-step breakdown of TD’s loan consideration process, and another one from TD Canada Trust’s CEO introducing the subsite.

“Our employees were the driving force behind this website. We thought and hoped that a lot of our customers would identify with some of the situations our employees have helped with, and that their stories would encourage people to come and see us sooner,” says Tim Hockey, CEO/TD Canada Trust.

It does not appear that TD Canada Trust will be rotating any fresh videos into its TD Helps lineup. Maybe they will if the idea takes off, but don’t count on it.

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“Let’s figure it out.”

The subsite’s banner has an understated sense of design. A simple, overstuffed, green leather chair serves as a metaphor for the bank’s “sit-down-and-talk-to-us” message. It’s like an invitation from a financial psychologist, “Here, please, take a seat and get comfortable.”

The subsite’s banner contains is the only place you’ll find any copy from TD corporate:

“If you’re like many other TD Canada Trust customers, you may be finding it difficult to make ends meet. This site is for you. More than ever, our employees are empowered to offer solutions that will help get your finances on track. And while we may not be able to help everyone, we’re truly doing our best to see that our customers feel comfortable.”

The TD Helps subsite, hosted as a part of TD Canada’s main website and not as a stand-alone microsite, is fairly simple in its structure. There’s the welcome banner and 12 videos, and that’s it. But that doesn’t mean that TD didn’t put a lot of thought into it, because they clearly did, and there are lots of little details to prove it.

People can rate- and comment on the videos. You can even rate- and reply to other people’s comments.

The CEO’s welcome video has received the most comments so far, 63 in all. People are wondering, “Is this a genuine reflection of the bank’s beliefs? Or just a PR stunt?” The conversation is actually quite fascinating.

While customers have been able to comment on the TD Money Lounge on Facebook for a couple of years, this is the first time the bank has ever opened up its own site for comments.

A couple of the videos are rated five stars out of five. The lowest ranked video, “Their High Interest Was Weighing Them Down,” received only 2.17 stars, but unfortunately, the site doesn’t tell you how many people rated each video.

There are buttons that people can click to share the subsite with their Facebook fans and Twitter followers. Clicking on the buttons will auto-populate a somewhat presumptuous message from your account: “Wow, a story about a bank who’s actually helping people?”


The subsite has one other interesting feature. You can download a PDF transcript for any of the videos. But again, who’s going to do that?

Tasha’s Video

Tasha Serraro is a banking specialist at TD Canada Trust branch in Marathon, Ontario. The closure of the town’s local pulp and paper mill dealt a heavy economic blow to her customers. With her help, one of her customers secured lower monthly payments on his loan, and developed a plan to keep his family comfortable until he could find a new job.

“We were able to arrange lower monthly payments and offer a bit of a cushion in case times got worse and they did… he lost his job,” Tasha says in her video.

Her testimonial continues: “We don’t know if the mill’s going to reopen, but what we do know is that this couple is comfortable for the next few years. They have a plan in place and they’re going to be okay.”

Tasha’s Video
In this video that runs just over a minute, Tasha Serraro shares her testimonial about how she helped a customer after her town’s mill shut down.

TD Canada used Tasha’s testimonial as the showcase video for the launch of TD Helps. Her video travelled along with another video from the CEO in PR materials. It is the most professional of the 12 videos available on the site, with a higher production quality and good editing. Most of the other videos are shot in branch lobbies and typical office environments.

In case you were wondering… Yes, The Financial Brand was able to confirm that, similar to Delta’s Katherine Lee, Tasha is indeed a real employee at TD’s Marathon, Ontario branch, and not just an attractive paid actor or someone recruited from somewhere else at the bank.

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“Project Umbrella”

Earlier this year, TD Canada Trust introduced an internal program to make sure that its employees knew what customers were dealing with. It was called “Project Umbrella,” an internal codename is meant to signify the bank’s willingness to shield customers from a rainy day.

Employees were trained accordingly, and given new tools, like the ability to defer mortgage payments.

“The result was that we were helping thousands of customers stay in their homes, get their debt under control and their lives back on track,” CEO Hockney says.

TD Bank says it has helped “nearly 20,000 clients facing severe financial hardship” from February to July under Project Umbrella.

According to TD, employees started asking “How do we reach more people? How do we get the word out to more people that we can help them?”

The Toronto Star reports that TD “executives weren’t convinced at first that going public was the right approach,” and that Project Umbrella is expected to have “no material impact” on TD’s earnings or loan loss provisioning.

That’s an interesting thing to admit to.

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  1. Project Umbrella is a PR scam to make the TD banks look good. Banks are supposed to provide this service anyway … especially after receiving billions of government aid.
    You should hear my story, the TD just increased by Line of credit by one point over prime. Nice guys. You will find Project Umbrella is off limits when it impacts the TD’s profits. Also lost $300,000 through TD’s online trading … through easy access to debt (loc and margin) … I will never recover and now on food bank with a family of 3 young children. After 10 years of suffering with TD online trading, I now know I have a gambling problem (no mention of this connection in the original account service agreement)and being treated. Becareful of wolves in sheeps’ clothing…that’s my learning. We need to ensure this does not happen to other families.

  2. TD bank is bullshit…they closed my visa card because i had late payments and they refuse to reopen it even though I paid them the amount that was late and i’m up to date now that i’m back on my feet.
    I have been a client for 15 years and an employee at some point for 2 years with never any problems. But this did not count…all the fees and interest and insurance paid previously did not count…I am in the investment field and because of the market correction, i was in real difficulty for 3 months and they closed my card….They will not help you if you are in difficulty but they want you to spend when you do not need credit. Wolves in cheep clothing for sure…”sit down be comfortable” so we charge you as much as we can and if you are in difficulty…we request the full amount. With all the billions of dollars in profits every quarter in profit by charging their customers…they disregard short term downturns…shame on you td bank…never will I ever deal with you again…shame on you!!!

  3. Rachel Bailie says:

    To Whom It May Concern: Mr Tim Hockey, CEO , TD CanadaTrust

    Dear Mr. Hockey,

    I am writing to let you know that the system does not work, at least, not for me. I am a retired, single woman who has had a long history with Canada Trust, now TD Canada Trust. I have many investments with your bank, and I also have two credit cards with TD. The first was a GM Visa which I used for about 15 years until I decided to pay it off, primarily because of the exhorbitant interest rate of 19. 97 %.
    In the interim, I was asked several years ago if I would like to receive a new Visa card, a lovely Emerald Visa, at a very attractive rate..I remember it was just over 9! Who wouldn’t, I thought, so the deal was struck, and in due course I received my shiny new card..of course there was an annual fee of $25, but that was such a no-brainer that I accepted it on the spot.
    Fast forward to May, 2010, and a new world in the financial arena..storm clouds on the horizon, and cryptic messages start to appear on the monthly statements..of course, beware the Ides of March, or its equivalent. OOOh..the govnernment is raising prime interest rates, and guess what, people, we’re taking away your fun too!! So, because we’re all the gang that can’t shoot straight, we all get smacked with the same huge increase, right ? Wrong!!!
    I called TD in May, when this notice first appeared, and spoke to someone (with a foreign accent) who said that not all cardholders would be affected the same way. I knew this conversation was recorded, so I said my peace and felt somewhat reassured that I would not be one of the unlucky ones to be hit with this double whammy. Silence followed, except for a tiny blip last month when my interest rate rose from 9.15 % to a mere big deal..I felt assured that this was the end of it..wrong again!!
    Today, July 27th, I opened my latest statement, only to see an ubelievable rate increase…to 12.25%!!!
    What is this, Fanny Mae all over again? What the Hell is going on here?
    Again, I called the number, waited almost 10 minutes to speak to someone, fianlly connecting with some poor Indian girl who tried in vain to help me..what a joke this company is now. Despite my telling her that I have a similar card with CIBC..a Select Visa, with NO annual fees, and a very competitive rate of 11.50% that has NEVER changed, all she could do was offer me 2 months without interest..sorry, Mr Hockey, this will not stand, and you, sir , are MUD in my books. I will spread the word, make no mistake, that TD is NOT the place to do any business of any kind..Mine will be going to the competition, despite my many years as a Canada Trust customer, and , despite my varied investments within your walls. I have other choices to make, and, believe me, I will be making them.
    Should you care to inquire at all, this entire conversation from today is on went on for more than 39 minutes tonight. What a sorry end.
    I am disgusted with you people, and utterly disillusioned.

    Rachel Bailie

    Oshawa, Ontario

    July 27, 2010

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