
TD Bank Reviews
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About TD Bank
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TD Bank is a subsidiary of TD Bank Group, a Canadian multinational banking and financial services corporation. Founded in 1852, TD Bank operates more than 1,100 branches and 2,600 ATMs throughout the U.S. Its products include checking and savings accounts, credit cards, personal loans and mortgages. TD Bank is most known for its bonuses and promotions, which typically reward new customers with cash perks when they complete qualifying activities.
- Competitive interest rates on some accounts
- Known for bank bonuses and promotions
- Relationship banking perks
- Full suite of account options
- Branches limited to Northeast
- Monthly maintenance fees on some accounts
- Small ATM network
- Low APYs on some accounts
Helpful Reviews
What is TD Bank?
TD Bank is a full-service bank with locations primarily on the East Coast and Canada. Its lineup of financial products includes checking and savings accounts, credit cards, mortgages, home equity loans, personal loans and small business banking.
One of TD Bank's unique features is its extended branch hours, with many locations open seven days a week. This is unusual, considering most banks are only open on weekdays, with limited availability on Saturdays.
Additionally, TD Bank is committed to environmental sustainability and has taken steps to reduce its carbon footprint through initiatives such as LEED-certified buildings and renewable energy use.
How does TD Bank work?
You can apply for a TD Bank account online, in person or over the phone. When opening an account, you’ll need to provide personal information, such as your:
- Social Security number
- U.S. residential address
- Date of birth
- Government-issued photo ID
As a customer, you can access your accounts online or through the TD Bank mobile app, which includes features such as mobile check deposit, bill pay and money transfers.
You’ll find many bank bonuses and promotions at TD Bank, including cash bonuses for opening new checking or savings accounts, as well as introductory annual percentage rates (APRs) for credit cards. These promotions are subject to different terms and conditions but generally involve completing qualifying activities by a certain date.
TD Bank products and services
TD Bank is a full-service institution with a robust lineup of products.
TD Bank checking accounts
TD Convenience Checking
TD Convenience Checking is a basic checking account with low minimum balance requirements, free online banking and a waived monthly maintenance fee for eligible account holders.
At the time of publishing, new customers can earn a $200 bank bonus when they make at least $500 in direct deposits within 60 days of account opening.
TD Beyond Checking
TD Beyond Checking boasts many benefits, including earned interest, no ATM fees with a $2,500 minimum daily balance and two overdraft fees automatically reversed per year. You can waive the $25 monthly fee with direct deposits or by maintaining a minimum daily balance.
At the time of publishing, new customers can earn a $300 bank bonus when they make at least $2,500 in direct deposits within 60 days of account opening.
TD Simple Checking
TD Simple Checking is a no-frills, everyday checking account with a nonwaivable $5.99 monthly maintenance fee.
TD Essential Banking
TD Essential Banking is an account with the lowest monthly maintenance fee of $4.95 and no overdraft fees.
TD 60 Plus Checking
TD 60 Plus Checking is designed for customers 60 and older. It earns interest and has no monthly fee when you maintain a $250 minimum daily balance.
Student Checking
The student checking account is for young adults between the ages of 17 to 23. It’s exactly like the TD Convenience Checking account but with no monthly fee.
TD Bank savings accounts & CDs
TD Signature Savings
TD Signature Savings earns up to 3% annual percentage yield (APY) when you keep at least $250,000 in your account. It has tiered interest rates and no TD ATM fees. Additionally, it offers free services, like incoming wire transfers, official bank checks, money orders and stop payments.
TD Simple Savings
TD Simple Savings is a low-cost account that offers free automatic transfers and optional overdraft protection for TD checking accounts, as well as no maintenance fees for those who maintain a $300 minimum daily balance. This account is free for individuals up to age 18 or 62 or older.
TD Bank CDs
TD Bank offers regular CDs as well as TD Choice Promotional CDs with bump-rate APYs, providing investors with different options to grow their savings with competitive rates.
TD Bank credit cards
The TD Cash credit card offers cash-back rewards and a sign-up bonus, while the TD First Class Visa Signature credit card provides travel rewards and benefits. For those looking to build or repair their credit, TD Bank also provides a TD Cash secured credit card.
TD Bank loans
Personal loans can be used for debt consolidation, home improvements and other personal expenses. Mortgages are available for purchasing or refinancing a home, while home equity loans are available for financing home renovations, college tuition or other major expenses.
TD Bank fees
Most TD Bank checking and savings accounts have monthly fees that can be waived when you meet certain account requirements. Depending on which account you have, you may also get waivers or reimbursements for some of these common fees:
- $35 for overdrafts, charged up to three times per day; a grace period is available for some accounts
- $3 for non-TD Bank ATM withdrawals, transfers and balance inquiries
- $15 for incoming domestic and international wires
- $30 for outgoing domestic wires
- $50 for outgoing international wires
- $30 for check and ACH transfer stop payments
TD Bank FAQ
Is TD Bank a good bank?
TD Bank is a reputable bank that offers a variety of products and services to its customers. Perks and fees vary by account, so it’s essential to evaluate each option to see what best suits your needs.
What does TD Bank stand for?
TD Bank stands for Toronto-Dominion Bank, a multinational banking and financial services corporation based in Toronto, Canada.
How much money do you need to open a bank account with TD Bank?
Most TD Bank checking and savings accounts have no opening deposit requirements. However, you may need to maintain a minimum balance to avoid monthly fees.
Does TD Bank use Zelle?
Yes, TD Bank uses Zelle, a popular digital payment platform that allows customers to send and receive money with ease.
Where is TD Bank available?
TD Bank has branches across the East Coast, including Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia and Washington, D.C. It also offers online banking services for customers who don't live near a physical branch.
Still have questions?
Is TD Bank legit?
Yes, TD Bank is a legitimate bank with a long-standing history and reputation. It’s the 10th largest bank in the U.S. by asset size at the time of publication, according to the Federal Reserve.
TD Bank is FDIC-insured, which means that customer deposits are protected up to $250,000. In addition, the bank offers various security measures to protect its customers, including encryption technology and two-factor authentication.
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TD Bank Company Information
- Company Name:
- TD Bank
- Year Founded:
- 1975
- Address:
- 200 S 108th Ave.
- City:
- Omaha
- State/Province:
- NE
- Postal Code:
- 68154-2631
- Country:
- United States
- Website:
- www.td.com






