Updated April 7, 2022

How to Open a TD Bank Account

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Opening an account with TD Bank is simple. Take a look at what you'll need and check out your account options in our guide.

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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.

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

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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.

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.

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

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

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.

TD Bank
Member FDIC

TD Beyond Checking - $300 Cash Bonus

Expires 10/31/2023
  • Earn $300 when you receive direct deposits totaling $2,500 or more within 60 days
  • Get more from your checking account. With TD Beyond Checking with Payback Plus, you'll earn interest and get reimbursed for non-TD ATM transactions, Overdraft Payback and more.
  • Monthly maintenance fee waived when you receive monthly direct deposits of $5,000 or more within a statement cycle, or maintain a minimum daily balance of $2,500, or a combined balance of $25,000 across eligible TD accounts.
  • TD ATM fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
  • Get overdraft fees automatically reversed up to two times a year.
  • Get your money where it needs to go —fast— with Rush Bill Payments, Send Money with Zelle®, incoming wires and a reimbursement for one outgoing wire (domestic or international) per statement cycle.
  • TD checking accounts come with an instant-issue debit card - and, you can pay with confidence with contactless technology Visa Zero Liability protection and 24/7 fraud monitoring.
  • Monthly maintenance fee waived on one TD Simple Checking℠ account and any Savings accounts. Plus, get free standard check orders, money orders, official bank checks and stop payments.
Member FDIC

Chase Total Checking® - $200 Bonus

Expires 7/19/2023
  • New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
  • Access to more than 16,000 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 fee 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*

*With Chase Overdraft Assist℠, we won't charge an Overdraft Fee 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 you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.


Citi Priority Account - Earn up to $2,000 Cash Bonus

Expires 7/23/2023
  • Earn up to $2,000 cash bonus when you open a new eligible Citi Priority Checking Account with required activities
  • Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
  • Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
  • If your balance falls to a lower tier at any point during the maintenance period, the bonus changes.
  • Bonus will be paid within 30 days after you successfully complete all required activities.
CIT Bank
Member FDIC

CIT Bank Platinum Savings - 4.85% APY

  • 4.85% 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
Discover Bank
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 CY223 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 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

Expires 6/15/2023

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