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TD Bank vs Regions Bank

TD Bank is an east Coast bank with relatively low minimum balance requirements. How does it compare to Regions Bank? Read our comparison chart below.

TD Bank has 1,300 locations on the East Coast. Known as "America's most convenient bank," it offers extended banking hours and 24/7 customer service by phone. Monthly service fees can be waived with somewhat low minimum balance requirements.

While Regions Bank has 1,500 branches in 15 states in the South and Midwest. Checking and savings accounts require just $50 to open, with relatively lower requirements to waive fees. The unique Now Banking solution offers prepaid Visa, savings, and check cashing services with no account required.

Compare TD Bank with Regions Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 TD Bank
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TD Bank

Regions Bank

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TD Beyond Checking - Learn More

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SPECIAL OFFER
Regions Refer a Business - $150 Visa Reward Card - Learn More

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Benefits and Features

Savings0.05% APY. No minimum deposit. $5.00 monthly fee waived if 1) minimum $300 balance or 2) waived for the first 12 months if with recurring transfer of $25 or more from a TD Bank account or if you're under 18 or 62 and older.Two types of Savings Account - Regions Savings, and Regions Lifegreen Savings. 0.01% APY. Regions Savings Account - minimum opening deposit $50. $5 monthly maintenance fee, unless you have $300 minimum daily balance. Regions Lifegreen Account - minimum opening deposit $50. Must have Regions Checking Account. No monthly maintenance fee.
CD0.10% - 0.15% APY (up to 0.50% for Rate Bump APY). Terms of 3 months to 5 years. Minimum deposit of $250. Allows one penalty-free withdrawal (depending on account).0.01% - 0.50% APY. Terms ranging from 1 - 72 months. (Promotional rate of 0.50% APY for 7 Months) $500 minimum opening deposit for CDs with terms 90 days or longer. $2,500 minimum opening deposit for CDs with terms 7 - 89 days.
Money Market0.01% - 0.10% APY (up to 0.15% for Rate Bump APY) for amounts up to $250,000. No minimum deposit. $11 or $12 monthly maintenance fee waived if 1) minimum $2000 balance or 2) over 62 years old.Two types of Money Market accounts - Regions Money Market Account and Premium Money Market Account. Regions Money Market: $12 monthly fee. Premium Money Market: $15 monthly fee.
Customer Service24/7 Live Customer Service (Telephone)24/7 Telephone Customer Service
ATMsApproximately 1,300 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and FloridaMore than 1900 ATMs in 15 Southern and Midwestern US states.
IRA CD0.10% - 0.15% APY (up to 0.50% for Rate Bump APY). Terms of 3 months to 5 years. Minimum deposit of $250. Additional contributions and penalty-free withdrawal available (depending on account).0.10% - 0.50% APY. (Promotional rate of 0.50% APY for 7 Months) Terms ranging from 6 months - 72 months. $250 minimum opening deposit.
IRA Money Market 0.01% APY. Minimum $50 opening deposit.
Locations1300 locations along the east coast.More than 1500 branches in 15 Southern and Midwestern US states.
 

CreditDonkey® Reviews

 TD Bank
Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • Extended banking hours
  • Low requirements to waive monthly fees
  • No foreign transaction fees
Cons:
  • No free checking
  • Low APY
  • Only on East Coast
Pros:
  • $50 to open checking account
  • Relationship Rewards program
  • LifeGreen Savings annual bonus
Cons:
  • No free checking option
  • Limited branches
  • Low savings APY
Bottom LineEast Coast bank with relatively low minimum balance requirements... Read full reviewSouth and Midwest bank with special reward programs... Read full review
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What Others View

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    TD Bank: Pricing information from published website as of 01/08/2020 based on 08034 zip code.

    Regions Bank: Pricing information from published website as of 05/30/2020 based on 35203 zip code.

    Which is Better: TD Bank or Regions Bank?

    Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing TD Bank or Chase.

    In short: TD Bank's checking, customer service, and mobile app are worth mentioning. In particular, the customer service is outstanding. Regions Bank's savings is notable.


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