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TD Bank Reviews

5.2

People who want many different account options

Written by Andrew Omalley

About TD Bank | Read More

LS Score

Credibility

Support

4.5

Accessibility

Visit Site

Opening Hours

Mon-Sun 24/7

Contact Information

1-888-751-9000
Headquarters: 357 Kings Hwy N, Cherry Hill, NJ 08034, USA

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LS Score

Credibility

Support

4.5

Accessibility

Visit Site

Opening Hours

Mon-Sun 24/7

Contact Information

1-888-751-9000
Headquarters: 357 Kings Hwy N, Cherry Hill, NJ 08034, USA

Social Media

TD Bank Online Banking Review

TD Bank leaves no stone unturned with its online banking offering. You can choose between various checking, savings, and CD account options. Promotional APYs are often available, while bonuses can be attained if you meet certain requirements after opening a new account. Most account options have criteria that you can meet to avoid paying monthly maintenance fees, while other great perks are often available.

TD Bank Online Banking Highlight

Large network

ATM Network

$35

Overdraft Fees

Yes

Other Fees

Online Banking Savings

Min Balance

Min 0.99%

Min APY Savings

Online Banking Checking

0.05-4%

Min APY Checking

Pros & Cons

Wide variety of account options
Low minimum opening deposits
Options for in-person banking

$3 Fee for transactions at non-TD bank ATMs
Savings account rates lower than average
Overdraft fee chargeable 5x times per-day

Account types

Checking
Savings
Certificates of Deposit (CD)

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APY's

Account	1 Year	3 Years	5 Years
CDs (No-Catch)	0.05%	–	–
CDs (Step Rate)	–	0.10%	0.10%
CDs (Promotional Standard)	1%	0.05%	0.05%
CDs (Promotional Bump)	3.51%	0.05%	0.05%
TD 60 Plus Checking	0.02%	0.02%	0.02%
TD Simple Savings	0.02%	0.02%	0.02%
TD Signature Savings	0.01%-0.05%	0.01%-0.05%	0.01%-0.05%

Features Benefits & Rewards

Welcome bonuses on certain accounts

Account Types

TD Convenience Checking

This is one of the most popular account options at TS Bank. There are no monthly fees if you maintain a daily balance of at least $100. You can also avoid the $15 monthly fees if you’re a young adult or student. There is currently an offer that allows you to earn $200 when you have $500 worth of qualifying direct deposits within 60 days of opening the account.

Account Type	Key Features	Bonuses
TD Convenience Checking	Maintain a daily balance of $100 to avoid monthly fee Welcome offer available Usual monthly fee is $15	Get $200 when you make $500 in qualifying direct deposits within 60 days

TD Beyond Checking

With this account option, you can avoid the monthly fee of $25 if you have set up direct deposits of at least $5,000 during a statement cycle, keep a $2,500 minimum daily balance, or have a combined $25,000 balance across all your TD Bank accounts.

You can earn interest on your deposits and there are certain fee reimbursements available, including two free overdrafts a year. There is currently an offer that allows you to earn $300 when you have $2,500 worth of qualifying direct deposits within 60 days of opening the account.

Account Type

Key Features

Bonuses

TD Beyond Checking

Three ways to avoid the $25 monthly fee
Fee reimbursement possible
Welcome offer available

Get $300 when you make $2,500 in qualifying direct deposits within 60 days

TD Signature Savings

You can avoid the $15 monthly fee with this account option if you keep a daily balance of at least $10,000 or link your savings account to a TD Beyond Checking account. You will earn an APY on a tiered basis, with it starting at 0.01% and rising to 0.05% on a standard basis and between 0.01% and 3% on a bump rate basis.

You can get reimbursed ATM fees once you keep the minimum account balance. As a welcome offer, you can get $200 when you deposit at least $10,000 within 20 days of opening your account and then maintain a balance of at least $10,000 for 90 days after meeting the deposit requirement.

Account Type	Key Features	Bonuses
TD Signature Savings	Bump rate APY up to 3% Avoid the $15 monthly fee by meeting certain conditions Welcome offer available	Get $200 when you deposit at least $10,000 within 20 days and keep a minimum $10,000 balance for another 90 days

TD Simple Savings

This is the basic type of savings account available at TD Bank. You can avoid the $5 monthly fee if you keep a $300 or more daily balance, link your savings account to your TD Bank checking account, are within certain age ranges, or make consistent transfers. The standard APY on this account option is 0.02%. Free automatic transfers are available also.

As a welcome offer, you can get $200 when you deposit at least $10,000 within 20 days of opening your account and then maintain a balance of at least $10,000 for 90 days after meeting the deposit requirement.

Account Type

Key Features

Bonuses

TD Simple Savings

APY of 0.02%
Can avoid the $5 monthly fee if you meet certain criteria
Welcome offer available

Get $200 when you deposit at least $10,000 within 20 days and keep a minimum $10,000 balance for another 90 days

TD Simple Checking

There is no minimum opening account deposit needed, with the monthly maintenance fee being $5.99. You have no way to waive the monthly fee. You don’t earn any interest and get access to free ATM transactions.

Account Type	Key Features	Bonuses
TD Simple Checking	Monthly fee of $5.99 No interest earned Free ATM transactions	–

TD Essential Banking

This account option does not require you to deposit a certain amount when starting off. The monthly fee is $4.95 and it can only be waived if you are between 13 and 17 years old. No interest is earned and you can avoid ATM fees. There are no overdraft fees applied to this account option.

Account Type	Key Features	Bonuses
TD Essential Banking	No overdraft fees Monthly fee of $4.95 No interest earned	–

TD 60 Plus Checking

This is an account that is open to people who are at least 60 years old. There is no minimum opening deposit necessary, with the $10 monthly fee being waivable if you maintain a daily balance of $250. You will be able to earn interest on this account of 0.02% and flexible overdraft services are available.

Account Type	Key Features	Bonuses
TD 60 Plus Checking	Monthly fee of $10 Can avoid the monthly fee if maintain a $250 daily balance APY up to 0.02%	–

Certificates of Deposit (CDs)

TD Bank offers a number of different CD term lengths. The main options are 6-month, 12-month, and 24-month options, but you can get up to 5-year term lengths. You also can choose between a no-catch CD, a promotional CD, and a step-up CD, which will each offer differing APYs.

A $250 minimum investment is usually necessary to get started with a TD Bank CD. Penalties are in place usually if you try to make early withdrawals, but some CDs may allow you to make one fee-free withdrawal.

Account Type	Key Features	Bonuses
Certificates of Deposit	Term lengths between 6 months and 5 years Step-up and no-catch options available Minimum deposit of $250 required	–

Opening an Account with TD Bank

TD Bank promises that you can open a new account in a matter of minutes. Once you start the sign-up process, you will be taken to a secure system to begin the process of signing up. You just have to answer the standard types of questions, such as where you live, your date of birth, and so on.

Then you need to decide on the type of account you wish to open. Approval is usually pretty quick and you can then make your first account deposit. It can take a few days to receive any debit cards that might be associated with your chosen account.

State Availability

- Available in all states

Written by Andrew Omalley

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.

FAQ’s

Does TD Bank charge overdraft fees?

There are overdraft fees in place at TD Bank, but there is a grace period in place that allows you until the following business day to fix an overdraft.

Does TD Bank charge ATM fees?

If you use an ATM that is not part of the TD Bank network, then there will be a $3 service fee in place.

Are there in-person TD Bank branches?

Yes, there are more than 1,000 physical TD Bank branches that can be found all along the east coast.

Customer Support

TD Bank prides itself on having some of the top customer service around in the world today. You can access the support team by hope, live chat, or email on a 24/7 basis, you can get help no matter what time or day of the week it might be. This is tremendous for helping protect your peace of mind.

There are also plenty of helpful resources to be found throughout the TD Bank offering if you are looking to learn a bit more about the offering. A helpful learning center can help educate you on a lot of different personal finance areas.

Privacy & Security

TD Bank has been in business since the 19th century, so it knows how to do business in the US. It has a good track record of properly treating its customers the right way. It has an A rating with the Better Business Bureau and is always looking at ways to make the lives of its customers easier.

TD Bank has tremendous security in place to ensure that all sensitive data of its customers are fully protected at all times. Its website is properly encrypted and you can safely transmit information through it as needed.

In Conclusion

TD Bank certainly leaves no stone left unturned when it comes to the range of bank account options you can choose between. There will be savings, checking, and CD accounts that fit all needs.

It also has a very easy-to-use website and a great track record of treating its customers the right way. With all the basics taken care of, it is up to you to decide if the specific account options and features are going to be ideal for your needs.

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