TD Bank has launched two new commercial checking products to assist small and mid-size businesses.

TD commercial convenience checking and TD commercial simple checking are checking accounts that provide advanced payment services typically associated with treasury management. The new offerings are designed to allow customers to manage their business finances more effectively and reduce service fees with earnings credits on balances.

"We recognize that emerging commercial businesses have advanced banking and payment needs, but may not be ready for full scale treasury management services. We’ve responded with solutions that satisfy the needs of such businesses, conveniently and affordably," Ravi Subbaraya, senior vice president and head of business banking products, said in a statement. "Our new commercial checking suite provides value, simplicity and features to make banking with TD even more convenient for business customers."