TD Bank

TD Bank

 3.8/5 (743 reviews)
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Overall Rating3.8 out of 5
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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.

Pros & Cons


  • 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

Bottom Line

TD Bank is a full-service institution that offers competitive rates on some accounts and regularly runs bank bonuses and promotions for new customers. However, it primarily serves the Northeastern U.S. and has a small ATM and branch network outside this area.

Top TD Bank Reviews

Rated with 5 stars

TD Bank is very friendly, very good customer service. Good bank, easy to communicate and speak with a real person, not like other banks. I recommend highly to open an account with...

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Rated with 5 stars

TD Bank makes banking a pleasant experience. Their app and website make checking balances and paying bills a breeze. Customer service, whether at the bank or on the phone, is a pl...

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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.

You’ll find six different types of checking accounts at TD Bank:

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 offers two main types of savings accounts: TD Signature Savings and TD Simple Savings. It also offers certificates of deposit (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 offers a variety of credit cards to suit different needs. The TD Double Up credit card and the TD Business Solutions credit card allow users to earn rewards on everyday purchases.

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 offers a variety of loan options, including personal loans, mortgages and home equity 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


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.

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.

TD Bank Reviews

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Page 1 Reviews 0 - 10
Rated with 1 star
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Verified Reviewer
Original review: May 13, 2023

TD Bank is absolutely ridiculous. I'm a truck driver and during the pandemic I was so busy driving and getting supplies delivered all over America. My Red Card was set on autopay and since I couldn't manage my credit union I switched my payment to my other bank since they're nationwide. Unaware that it didn't apply for the current month my payment failed to post. TD Bank ended up putting 2 late payments on my account. I've written, called and filed a complaint with CFPB about this error. TD Bank refuses to rectify the entries. I had same issue with Kohl's and Walmart. They immediately fixed these late payments but TD Bank is so greedy and unfair they will not fix it no matter what. I can't wait to pay this account off and close it even though it's one of my oldest cards. I refuse to give them my business after this.

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Rated with 1 star
Verified Reviewer
Original review: May 9, 2023

Fraudulent bank. Can't even be 2 seconds late on trying to bring account into the positive, during grace period. I've been pummeled with over 300 in overdraft fees within the past 4 weeks. TD is a horrible bank. And makes no exceptions after the 10:59 pm EST cut off time for the grace period. They've taken WAY too much of my money. I'm a ride share driver... I make my money throughout the day...continuously depositing varying amounts to my TD bank account, in order to RACE to get the money in there BEFORE 10:59 EST grace period ends. Lately, my final Rideshare ride has ended just ever so slightly beyond that grace period...which WOULD HAVE saved me from HUNDREDS of dollars in overdraft fees. But NOPE... TD doesn't care. All they want is to overdraft the ** out of customers, and take your money... Even if you bring your account in the positive 5 min after the grace period ends.

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    Rated with 1 star
    Verified Reviewer
    Original review: April 15, 2023

    I opened my checking account in 2007, and later added my husband to the account. A week ago my husband compromised our accounts and had to report fraud. We went into the branch 5744 and closed our accounts and reopened new accounts. My husband was immediately issued a new debit but my name had to be 'added'. Here we are 3 days later and TD Bank is refusing to give me access to our money OR give me a new debit card.

    I came into the branch again today (wasting another 2 1/2 hours here), with NO resolution!! The 'manager' on duty ** was rude, hostile and not at all empathetic to my situation. I am ready to choose on my first house, so all my records are tied up in that process. When I'm finally done and in my new home, I am permanently closing all my accounts with this bank. I am so disappointed and disgusted with this financial institution. Never would I recommend them to anyone. An awful way to feel after almost 20 years doing business here.

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    Rated with 1 star
    Verified Reviewer
    Original review: April 6, 2023

    I have a flyer in the mail for TD Bank promotion checking and saving account with over $500 bonus. I open and follow all the requirements but no bonus. This bank scammed me. I closed down my account. I will never bank again with TD bank. I would have given zero stars if I could. Beware of flyer through the mail.

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    Rated with 1 star
    Verified Reviewer
    Original review: March 15, 2023

    I bought a Samsung Phone with 24 months equal payments but then minimal payment is set at the end - charging for late payment if does not meet minimal payments. This is fraudulence advertisement and it needs to be stopped.

    2 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: March 13, 2023

    I open promotion account with bonus. I open checking with direct deposit from work and saving with ten thousand deposit. NO Bonus receive as they promise. Banking personnel told me they accept deposit check from Employer but they later change. They said it has to be direct deposit. This bank doesn't do as they promise. I close down my account. Can't trust a bank that lie to its customer.

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    Rated with 1 star
    Verified Reviewer
    Original review: March 8, 2023

    After taking 100's of checks from my best customer without ever having a problem today for no apparent reason they decided to put a 10 day hold on his check leaving me without funds to run my business.

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    Rated with 1 star
    Verified Reviewer
    Original review: March 6, 2023

    Just got disconnected while being transferred. Problems today:

    1. Their main number redirects to their international call center

    2. The representative didn't answer my question on how to make an online payment, and then the call disconnected while he transferred the call to I don't know where.

    This has to be the most disorganized bank anywhere.

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    Rated with 1 star
    Verified Reviewer
    Original review: March 1, 2023

    I have an account with TD for last 17 yrs. I know that it is a very nice bank. Recently I have so bad experience to share with you. I gave a cheque of 2K to someone about 1 yr 8 months ago from my TD account. It was not cashed out. Usually a cheque is valid for 6 months and then it is staled cheque. The bank should not honor the personal cheque after 6 months. But Td took away the money of 2k as the cheque deposited after 1 yr 8 months. When I talked or disputed regarding the cheque the trailer told me it would be back but after a few days they are saying that they will not return the money. I have all the documents regarding this. I don't know who to complain further but I think TD is not more safe in Canada in accounting. Thanks.

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    Rated with 1 star
    Verified Reviewer
    Original review: Feb. 8, 2023

    I am a small business I deposit checks into my TD account then they put a hold on the check for 7 days. They don’t care about I have to pay my workers and buy material. I say this to all consumers, stay away from this bank.

    3 people found this review helpful
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    TD Bank Company Information

    Company Name:
    TD Bank
    Year Founded:
    200 S 108th Ave.
    Postal Code:
    United States