Updated April 23, 2024

How to Open a TD Bank Account

Read more about TD Bank
Editorial Note: This content is not provided by the companies mentioned. Opinions expressed here are author's alone, and have not been reviewed, approved or otherwise endorsed by the companies.
Ad Disclosure: This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. This compensation may impact how and where products appear on this site. You help support CreditDonkey by using our links. (read more)

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

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 three types of checking accounts and two 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.

TD Bank Customer Service
Phone: 1-888-751-9000 (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.

Checking Monthly Fees

TD Essential Banking: Charges $4.95 per month. The account does not require a minimum daily balance and there are no overdraft fees.

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)

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:

  • 0.02% APY for all balances
  • No minimum required opening deposit
  • Charges a monthly fee of $5

You can waive that monthly fee when you:[1]

  1. Maintain a minimum daily balance of $300
  2. Are age 18 or younger or 62 or older
  3. Have your account linked to an eligible TD Beyond Checking Account or TD Complete Checking Account
  4. Open as an IRA

You can also have the monthly fee waived for the first 12 months by completing a monthly recurring transfer of $25 or more from an eligible and linked TD Bank Checking account.

TD Signature Savings:

  • 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
  • Waives non-TD Bank ATM fees, when you maintain a minimum $2,500 daily balance
  • Charges monthly fee of $15

You can waive that monthly fee by maintaining a balance of at least $10,000 a day or by linking an eligible TD Checking account.

Compare Savings Accounts

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.

References

  1. ^ TD Bank. TD Simple Savings Account Guide, Retrieved 3/27/2024
Chase
Member FDIC

Chase Total Checking® - $300 Bonus

Expires 7/24/2024
  • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
  • Access to more than 15,000 Chase ATMs and more than 4,700 branches
  • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
  • JPMorgan Chase Bank, N.A. Member FDIC
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
  • Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Bank of America
Member FDIC

Bank of America Advantage Banking - $200 Bonus Offer

Expires 9/30/2024
  • The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
  • The offer is for new checking customers only.
  • Offer expires 9/30/2024.
  • To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
  • Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
  • Additional terms and conditions apply. See offer page for more details.
  • Bank of America, N.A. Member FDIC.
Discover Bank
Member FDIC

Discover® Online Savings - $200 Cash Bonus

Expires 9/12/2024

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY624 at application, 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. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. 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 subject to tax reporting. Offer ends 09/12/2024, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

CIT Bank
Member FDIC

CIT Bank Platinum Savings - 5.00% APY

  • 5.00% 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
Bluevine

Free Business Checking - Up to 2.0% APY

  • 2.0% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
  • $0 minimum opening deposit
  • $0 monthly service fee
Banking services provided by Coastal Community Bank, Member FDIC

Write to Anna Johnson at feedback@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

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.

Subscribe to CreditDonkey: Get updates on the latest deals and keep up with the best money moves.
Your privacy is important to us. Unsubscribe anytime

Compare:

What are you looking for?
79% Checking account
21% Savings account
Source: CreditDonkey
Save money and build wealth. Sign up to get our FREE email newsletter.

About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2024 CreditDonkey Inc. All Rights Reserved.