How to Open a TD Bank Account (2024)

Open your TD Bank account with ease. All details in this comprehensive guide. Don't miss the bonus.

How to Open a TD Bank Account
Types of Accounts
- Checking
- Savings
TD Bank New Account Bonus

TD Bank, one of the largest banks in the U.S., has a nearly 170-year history. Best known for its extended hours and superior customer service, they offer multiple types of personal bank accounts, loans, and other financing.

Member FDIC

TD Beyond Checking - $300 Cash Bonus

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New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
Three ways to go monthly maintenance fee-free: Monthly Maintenance fee waived when you set up direct deposits of $5,000 or more within a statement cycle, maintain a $2,500 minimum daily balance, or have a $25,000 combined balance across eligible TD accounts.
ATM perks: TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
A little extra time. A lot of extra relief: Avoid fees with Grace Period, which gives you until 11 PM ET the next business day to fix an overdraft. Make sure your available balance is at least $0 by depositing enough to cover the overdrawn balance plus any additional transactions and TD will refund the overdraft fee to your checking account.
Fast and secure payments: TD Bank debit cards are backed by the Zero Liability guarantee and 24/7 fraud monitoring
Convenient locations with the longest hours around: We have over 1,100 locations from Maine to Florida that's open early, late, and weekends.
Get reimbursed for fees including two overdraft fees per year, all Rush Bill Payments, and one outgoing wire per statement cycle (domestic or international).
Additional TD Bank checking account perks worth talking about: Get 24/7 access to all your TD accounts with Online & Mobile Banking, plus Bill Pay, Send
Money with Zelle®, Mobile Deposit and Online Statements.

How to open a TD Bank account

You can open an account online or in person at a TD Bank location. You will need your:

Driver's license/state ID
Social Security number
Personal/contact info (date of birth, address, phone number, and email)
Money for an opening deposit (cash, debit card number, or routing and account numbers for another account)

Before you fill out the application, you'll need to decide what type of account you want to open. If you're not sure which account is best for your needs, TD Bank's account selector tool can guide you in the right direction. Locate this tool at the bottom of the checking or savings account webpage, answer a few questions, and receive your personal account recommendation.

Read on to see all the individual details about each type of account.

Is TD Bank safe?
TD Bank is FDIC-insured, meaning that your funds are insured up to $250,000 if the bank ever fails.

TD Bank also uses advanced encryption and two-step verification, which are security measures used by most big banks.

Types of Accounts

TD Bank offers four types of checking accounts and three types of savings accounts, all of which can be mixed and matched or used individually.

All checking accounts charge monthly maintenance fees, but most of those fees can be waived by maintaining a minimum balance or making monthly deposits. The only account that does not offer the ability to waive the fee is the TD Simple Checking account, but it also does not require a minimum daily balance.

TD Bank Customer Service
Phone: 1-800-751-9000 (available 24/7)
Email: customer.service@td.com
Live chat via TD Bank's website

What are you looking for?

Checking Accounts

All of TD Bank's checking accounts give account holders access to all TD Bank ATMs and mobile or in-person check deposits.

Students and anyone aged 17 through 23 get extra perks when using a TD Convenience Checking account. They don't have to pay any monthly fees and have no required minimum balance. Once the account holder turns 24 years old, they will have to start paying account fees or maintain the minimum balance to get them waived.

TD Beyond Checking - $300 Cash Bonus

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TD Convenience Checking℠ - $200 Cash Bonus

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New customers who apply online for a TD Convenience Checking℠ account can earn a $200 cash bonus after receiving direct deposits of $500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
Waive the $15 monthly maintenance fee with a low minimum daily balance of $100.
Student perks: No monthly maintenance fee or minimum balance requirements if you're ages 17–23
A little extra time. A lot of extra relief: Avoid fees with Grace Period, which gives you until 11 PM ET the next business day to fix an overdraft. Make sure your available balance is at least $0 by depositing enough to cover the overdrawn balance plus any additional transactions and TD will refund the overdraft fee to your checking account.
Convenient locations with the longest hours around: We have over 1,100 locations from Maine to Florida that's open early, late, and weekends.
Instant-issue debit card replacement: Instantly replace a lost or worn contactless debit card by visiting a TD Bank location near you
Fast and secure payments: TD Bank debit cards are backed by the Zero Liability guarantee and 24/7 fraud monitoring
Additional TD Bank checking account perks worth talking about: Get 24/7 access to all your TD accounts with Online & Mobile Banking, plus Bill Pay, Send Money with Zelle®, Mobile Deposit and Online Statements.

TB Business Convenience Checking Plus

500 free transactions each month
$5,000 in cash deposits processed free each month
Waive the $25 monthly service fee by maintaining a $1,500 combined minimum daily balance with one TD personal checking account

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Checking Monthly Fees

TD Simple Checking: Charges $5.99 per month. There is no way to waive that fee, but the account does not require a minimum balance.

TD Convenience Checking: Charges $15 per month.

Waive that fee by meeting ONE of these conditions:

Maintain a daily balance of at least $100
Being 17 through 23 years old

Member FDIC

TD Convenience Checking℠ - $200 Cash Bonus

Click Here to Learn More

New customers who apply online for a TD Convenience Checking℠ account can earn a $200 cash bonus after receiving direct deposits of $500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
Waive the $15 monthly maintenance fee with a low minimum daily balance of $100.
Student perks: No monthly maintenance fee or minimum balance requirements if you're ages 17–23
A little extra time. A lot of extra relief: Avoid fees with Grace Period, which gives you until 11 PM ET the next business day to fix an overdraft. Make sure your available balance is at least $0 by depositing enough to cover the overdrawn balance plus any additional transactions and TD will refund the overdraft fee to your checking account.
Convenient locations with the longest hours around: We have over 1,100 locations from Maine to Florida that's open early, late, and weekends.
Instant-issue debit card replacement: Instantly replace a lost or worn contactless debit card by visiting a TD Bank location near you
Fast and secure payments: TD Bank debit cards are backed by the Zero Liability guarantee and 24/7 fraud monitoring
Additional TD Bank checking account perks worth talking about: Get 24/7 access to all your TD accounts with Online & Mobile Banking, plus Bill Pay, Send Money with Zelle®, Mobile Deposit and Online Statements.

TD Beyond Checking: Charges $25 per month.

Waive that fee by meeting ONE of these conditions:

Have at least $5,000 deposited via direct deposit every month
Maintain a minimum $2,500 balance every day in the account
Keep a minimum $25,000 daily balance across all TD accounts (including savings accounts, loans, and mortgages)

Member FDIC

TD Beyond Checking - $300 Cash Bonus

Click Here to Learn More

New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
Three ways to go monthly maintenance fee-free: Monthly Maintenance fee waived when you set up direct deposits of $5,000 or more within a statement cycle, maintain a $2,500 minimum daily balance, or have a $25,000 combined balance across eligible TD accounts.
ATM perks: TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
A little extra time. A lot of extra relief: Avoid fees with Grace Period, which gives you until 11 PM ET the next business day to fix an overdraft. Make sure your available balance is at least $0 by depositing enough to cover the overdrawn balance plus any additional transactions and TD will refund the overdraft fee to your checking account.
Fast and secure payments: TD Bank debit cards are backed by the Zero Liability guarantee and 24/7 fraud monitoring
Convenient locations with the longest hours around: We have over 1,100 locations from Maine to Florida that's open early, late, and weekends.
Get reimbursed for fees including two overdraft fees per year, all Rush Bill Payments, and one outgoing wire per statement cycle (domestic or international).
Additional TD Bank checking account perks worth talking about: Get 24/7 access to all your TD accounts with Online & Mobile Banking, plus Bill Pay, Send
Money with Zelle®, Mobile Deposit and Online Statements.

TD 60 Plus Checking: Charges $10 per month.

You can waive that fee by maintaining a balance of at least $250 in the account every day.

Savings Accounts

TD Bank has three different savings accounts, all with different interest rates. Each account comes with free mobile deposits and the ability to use any TD Bank ATM. You can also link any TD Bank savings account with a TD Bank checking account to set up overdraft protection.

Savings Account Types and Fees

TD Simple Savings Account:

0.05% APY for all balances
No minimum required opening deposit
Charges a monthly fee of $4 (if you choose online statements only) or $5

You can waive that fee for the first year by:

Linking a TD Bank checking account
Setting up an automatic $25 recurring deposit every month

After the first year, you'll have to maintain a $300 minimum daily balance to waive the fee. Monthly fees are also waived for 17- to 23-year-olds and people 62 years or older.

TD Growth Money Market Account:

APY ranges from 0.03% to 0.25% depending on account balance/activity
Offers higher APY rates with automatic deposits of $50 or more per month
No required minimum opening deposit
Charges a monthly fee of $11 (if you choose online statements only) or $12

You can waive that monthly fee by maintaining a balance of at least $2,000 a day or being 62 or older.

TD Preferred Savings:

APY ranges from 0.05% to 1.00% depending on account balance/activity
Offers higher APY rates for linking any personal or small business checking account, credit card, home equity, or mortgage through TD Bank
No required minimum opening deposit
Charges no ATM fees when using non-TD Bank ATMs
Charges monthly fee of $14 (if you choose online statements only) or $15

You can waive that monthly fee by maintaining a balance of at least $20,000 a day.

Compare Savings Accounts

Member FDIC

Discover Online Savings - $200 Cash Bonus

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY124 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 03/14/24, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

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Expires 3/14/2024

High Yield Savings Account - 5.21% APY

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No fees
$1 minimum deposit
24/7 online access
FDIC insured

Member FDIC

CIT Bank Platinum Savings - 5.05% APY

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5.05% APY with a balance of $5,000 or more
0.25% APY with a balance of less than $5,000
$100 minimum opening deposit
No monthly maintenance fee
Member FDIC

Bottom line

A TD Bank account requires only basic information to set up and offers a variety of perks. While each account charges monthly fees, you can waive most fees by meeting certain criteria. If you're looking for reliable banking services with quality customer support, consider opening a checking, savings, or money market account with TD Bank.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

As an enthusiast with a deep understanding of banking and financial products, I can confidently provide insights into the comprehensive guide on opening a TD Bank account. My expertise stems from a thorough knowledge of banking practices, financial regulations, and the specific features offered by TD Bank.

First and foremost, TD Bank, with its nearly 170-year history, stands out as one of the largest banks in the U.S. Known for its extended hours and superior customer service, TD Bank provides a range of personal banking services, loans, and financing options. It is a member of the FDIC, assuring customers that their funds are insured up to $250,000 in case the bank faces any financial difficulties.

Now, let's delve into the key concepts covered in the provided article:

Opening a TD Bank Account:

Application Process:
- Accounts can be opened online or in person at a TD Bank location.
- Required information includes a driver's license/state ID, Social Security number, personal/contact info, and an opening deposit.
Account Types:
- TD Bank offers various checking and savings accounts.
- Checking accounts include TD Beyond Checking, TD Convenience Checking, TD Simple Checking, and TD 60 Plus Checking.
- Savings accounts include TD Simple Savings, TD Growth Money Market Account, and TD Preferred Savings.
New Account Bonus:
- TD Bank offers a cash bonus for new customers opening certain checking accounts.
- For example, the TD Beyond Checking account offers a $300 cash bonus for qualifying direct deposits within 60 days.

Checking Account Details:

Monthly Maintenance Fees:
- Most checking accounts have monthly fees, but they can be waived by meeting specific conditions, such as maintaining a minimum balance or setting up direct deposits.
TD Beyond Checking - $300 Cash Bonus:
- Offers perks like fee waivers, extended grace periods for overdrafts, and 24/7 access to online and mobile banking.
TD Convenience Checking℠ - $200 Cash Bonus:
- Provides benefits for students aged 17–23, with no monthly fees or minimum balance requirements.
TD 60 Plus Checking:
- A checking account tailored for customers aged 60 and above, with the option to waive the monthly fee by maintaining a minimum daily balance.

Savings Account Details:

Types of Savings Accounts:
- TD Simple Savings, TD Growth Money Market Account, and TD Preferred Savings.
- Each account has different interest rates, monthly fees, and criteria for fee waivers.
Monthly Fees and Waivers:
- Monthly fees for savings accounts can be waived by meeting specific conditions, such as linking to a TD Bank checking account or maintaining a minimum balance.
Interest Rates:
- APY (Annual Percentage Yield) varies among savings accounts and can depend on factors like account balance and activity.

Customer Support and Security:

Customer Service:
- TD Bank offers customer support through phone (24/7), email, and live chat via their website.
Security Measures:
- TD Bank is FDIC-insured, ensuring the safety of deposited funds up to $250,000.
- Utilizes advanced encryption and two-step verification for enhanced security.

In conclusion, TD Bank provides a diverse range of accounts with various features and benefits. The article effectively guides readers through the account opening process, details about different account types, associated bonuses, and considerations for fee waivers. It emphasizes the bank's commitment to customer convenience, security, and comprehensive banking services.