TD Bank checking accounts review: Open with no minimum deposit, and earn up to $300 for signing up

TD Bank review 4x3

Summary List PlacementTable of Contents: Masthead StickyShould you open a TD Bank checking account?

You might like TD Bank if you prefer banking face-to-face and live near a branch along the East Coast. TD Bank Convenience Checking and TD Bank Beyond Checking are good options if you a) qualify for the sign-up bonus, and b) are eligible to waive the monthly fee.


The TD Bank Simple Checking Account isn’t anything special, but if you want to bank with TD Bank for other reasons and don’t qualify for cash bonuses or waived monthly fees with the other two checking accounts, then it’s a fine option.

TD Bank checking accounts

TD Simple
TD Convenience
TD Beyond

Sign-up bonus

Interest earned
0.01% – 0.03% APY

Monthly service fee
$15; can be waived
$25; can be waived

Out-of-network ATM fee
$0; refunds provider fees if your balance is $2,500

TD Bank TD Simple Checking Account
TD Bank TD Bank Convenience Checking Account
TD Bank TD Bank Beyond Checking Account

TD Bank checking features
TD Bank Beyond Checking Account

TD Bank has around 1,300 branches and 1,900 ATMs along the East Coast, and it ranks as one of our top national banks.

You don’t need a minimum deposit to open any TD Bank checking account.

TD Bank charges a $35 overdraft fee, up to five times per day. You can link your checking account to a TD savings account for overdraft protection, but there’s a $3 fee each time you transfer money to cover an overdraft.

You can speak with a live customer support representative 24/7. Many branch locations are also open seven days per week if you want to speak to someone in person.

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The mobile app has received positive reviews, with 4.8 out of 5 stars in the Apple store and 4.5 out of 5 stars in the Google Play store.

Your deposits are FDIC insured for up to $250,000, or $500,000 for joint accounts.

How TD Bank checking accounts compare to competitors

We’ve compared TD Bank checking accounts with accounts at two other big-name banks along the East Coast: Bank of America and Citizens Bank.


1,300 branches; 1,900 ATMs


4,200 branches; 16,000 ATMs


1,100 branches; 3,100 ATMs

Sign-up bonus

Up to $300

Sign-up bonus

Up to $100

Sign-up bonus

Up to $300

Minimum opening deposits


Minimum opening deposits

$25 or $100

Minimum opening deposits


TD Bank TD Bank Beyond Checking Account
Bank of America Bank of America Advantage SafeBalance Banking® Account
Citizens Bank One Deposit Checking from Citizens Bank®

TD Bank checking accounts vs. Bank of America checking accounts

Georgia residents will want to go with Bank of America, and Vermont residents will prefer TD Bank — these are the only East Coast states where each bank doesn’t have a branch.

Bank of America also has branches and ATMs all over the US, so it could be the better option if you regularly travel outside the East Coast.


TD Bank pays higher cash bonuses than Bank of America does, unless you choose the TD Bank Simple Checking Account, which doesn’t pay a sign-up bonus at all. TD Bank also doesn’t require any minimum opening deposits, making it a good option if you don’t have much money to get started.

TD Bank checking accounts vs. …read more

Source:: Business Insider


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