TD Bank Goes The Extra Mile For Its Customers (2024)

FAQs

What are some disadvantages of choosing TD Bank? ›

To avoid monthly fees, customers need to meet minimum requirements for most checking and savings accounts. There is a $3 fee for using a non-TD Bank ATM. Overdraft fee is $35 per transaction and can be charged up to three times a day.

Key Takeaways: TD Bank scores 4.1 out of 5.0 stars overall with our review team, thanks in part to its many options for checking and CD accounts. It only has branches and ATMs in 15 states, so some people who want in-person banking would need to consider other options.

TD Bank is worth considering if you're looking for a bank with great customer service and a few options for checking accounts at different stages of your life. However, if you're looking for a bank in which to park your money to earn interest, the rates are quite low.

Open a TD Beyond Checking account. 2. Have $2,500 total in qualifying direct deposits post to the account within 60 days. Earn $300.

Both banks offer relatively low-interest rates, but TD offers the potential for higher rates on its savings and checking accounts than Chase does. TD Bank offers a rate that starts at 0.01% APY for it's signature savings and caps out at 4.00% based on how much you have in the account.

TD Bank FAQ

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.

Toronto‑Do... Bank

TD Bank US Holding Company

TD Bank is financially strong

TD Bank is well-positioned to withstand economic cycles due to our: Diverse business model: Our full range of retail, small business and commercial banking products allows us to stay resilient to changes in individual sectors of the economy.

How solid is TD Bank? ›

Yes, TD Bank is FDIC insured (FDIC #18409). All TD bank accounts are FDIC insured up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.

On closing, TD Banknorth became a wholly-owned subsidiary of TDBFG, and TD Banknorth's shares were delisted from the New York Stock Exchange. On May 31, 2008, TD Banknorth, Commerce Bank N.A. and Commerce Bank/North merged to become TD Bank N.A. (known as TD Bank, America's Most Convenient Bank).

No monthly fee if you maintain $4000 or more in your account at the end of each day of the month. Access to your money at any ATM in Canada with no TD ATM fee. Keep track of your money online or on mobile by using EasyWeb, TD app or the TD MySpend app.

A $35 fee applies to each transaction that overdraws your available account balance by more than $50, whether that transaction is made by debit card, check, in-person withdrawal, or other electronic means (up to a maximum of 3 fees per day per account).

An overdraft happens when you make an authorized transaction from your bank account that exceeds your available account balance. Overdrafts result in a negative account balance plus a fee charged by your bank. The best way to avoid overdraft fees is to be informed and to stay on top of your account activity.

Cons of online banks

You are more likely to incur ATM fees if the online bank has no ATM network or is part of a small network. You can't deposit cash unless the bank is linked to ATMs that accept cash.