How to Open a TD Bank Account

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

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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.

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.

Types of Accounts

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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.

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.

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 Complete Checking: Charges $15 per month.

Waive that fee by meeting ONE of these conditions:

• Have $500 or more in direct deposits within a statement cycle; or
  
• Maintain a minimum daily balance of $500; or
  
• Have $5,000 minimum daily combined balance of all deposit
  accounts that you choose to link; or
  
• When the Primary account holder is 17 through 23 years of age

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)

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:

1. Linking a TD Bank checking account
   
2. 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

High-Yield Savings Premier - 5.36% APY

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• No account activity or maintenance fees
• $500 minimum opening deposit
• FDIC insured

5.36% annual percentage yield (APY) is accurate as of 1/17/2024 and subject to change at the Bank's discretion. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY. Member FDIC

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

Member FDIC

UFB Secure Savings - Earn up to 5.25% APY

Learn More

• Earn up to 5.25% APY*
• No monthly maintenance fees
• No minimum deposit required to open an account
• Access your funds 24/7 with easy-to-use digital banking tools

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.