TD Bank Review
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TD Bank offers extended customer hours and easy online banking. Are these perks worth it? Find out what makes TD Bank a great choice for you and some reasons to look elsewhere.
Overall Score | 3.9 | ||
Savings | 3.0 | ||
CD | 3.5 | ||
Checking | 4.5 | ||
Money Market | 3.0 | ||
Mobile App | 4.5 | ||
Customer Service | 5.0 | ||
Pros and Cons
- Extended banking hours
- Low requirements to waive monthly fees
- No foreign transaction fees
- No free checking
- Low APY
- Only on East Coast
Bottom Line
East Coast bank with relatively low minimum balance requirements
TD Bank calls themselves "America's Most Convenient Bank," due to their extended hours. Today, TD Bank has approximately 1,100 branches located throughout the East Coast from Maine to Florida.
They also cater to clients nationwide through their 24/7 customer service and online account access.
Keep reading to learn more about your banking options with TD Bank.
What Services Does TD Bank Offer?
TD Bank offers a variety of banking products, including savings, checking, and CDs. They also offer CDs and IRAs for those who want to invest.
The bank is fairly "fee heavy." Checking and savings accounts require a minimum daily balance or you'll pay a monthly fee.
In exchange for their unique fee structure, TD tends to offer higher than average interest rates on their checking and savings accounts.
SAVINGS ACCOUNTS
Here's a brief look at their 2 savings accounts: Simple Savings and Signature Savings
- Simple Savings: As the name suggests, this savings account keeps things simple by offering one interest rate rather than tiered rates.
There is a small monthly fee, which can be waived if you are younger than 18 or older than 62. You can also have it waived if you have a $300 minimum daily balance.
- Signature Savings: If you're looking for a savings account that offers tiered interest rates based on your balance and plenty of account perks, Signature Savings may be the right option for you.
As your balance grows, so does your interest rate, helping you to earn more as you save. One downside, however, is that you need at least a $10,000 minimum daily balance, or to link an eligible TD Checking account to waive the monthly fee.
Compare Savings Accounts
CIT Bank Platinum Savings - $300 Bonus
- Qualify for a $300 cash bonus with a minimum deposit of $50,000
- This limited time offer to qualify for a $225 cash bonus with a minimum deposit of $25,000 or a $300 bonus with a minimum deposit of $50,000 is available to New and Existing Customers who meet the Platinum Savings promotion criteria. The Promotion begins on September 23, 2025 and can end at any time without notice.
UFB Portfolio Savings - Earn up to 3.26% APY
- Earn up to 3.26% 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.
- Enjoy peace of mind with FDIC insurance up to the maximum allowance limit – Certificate #35546.
High-Yield Savings Premier - 3.80% APY
- No account fees
- Option to open individual or joint account
- FDIC insured up to $250,000 per depositor
- Only $500 minimum opening deposit
CHECKING ACCOUNTS
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TD Bank also offers several checking accounts, including popular choices: Complete Checking, Beyond Checking and Essential Banking
- Complete Checking: This account has a $15 monthly maintenance fee but you can waive it when you:
- 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 Complete Checking - $200 Cash Bonus
Earn $200 when you have $500 in qualifying direct deposits within 60 days.
- Have $500 or more in direct deposits within a statement cycle; or
- Beyond Checking: If you have a larger amount of money you can keep in your checking account, you can earn interest on it with this account. This account has a $25 maintenance fee but it can be waived if you:
- Maintain a minimum daily balance of $2,500. As an added benefit, you may get your non-TD ATM fees reimbursed if you maintain this balance
- Receive at least $5,000 in direct deposits
- Have a $25,000 combined balance across eligible TD accounts
- Maintain a minimum daily balance of $2,500. As an added benefit, you may get your non-TD ATM fees reimbursed if you maintain this balance
- Essential Banking: This account has a low monthly maintenance fee of $4.95, so if you're looking for a low-cost, checkless everyday bank account without overdraft fees, this might be the right fit for you. There's no minimum deposit required and no minimum daily balance requirement.
If you have money to set aside for future needs like retirement, TD Bank also offers a variety of CD and IRA accounts. The accounts have tiered interest rates and no monthly fees to help you make the most out of your investment.
TD Bank offers use of their mobile app to any client that uses online banking. Using the same login credentials, you can manage your banking while on the go.
You can view your account balances, check on account activity, transfer funds, send money with Zelle® or use mobile deposit to deposit your checks right into your TD Bank checking or savings account.
Compare Checking Account Promotion
Bank of America Advantage Banking - Up to $500 Cash Offer
- The cash offer up to $500 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 1/31/2026.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.
Cash Bonus Total Qualifying Direct Deposits $100 $2,000 $300 $5,000 $500 $10,000+ - If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
- Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC.
HSBC Premier - Earn Up to $7,000
- Send and receive money with Zelle® right from our mobile app
- Manage your money safely, easily and fee-free around the world - from Global Money Transfers to multi-currency needs
- Enjoy peace of mind with unique travel benefits available through our credit cards
Here's how the offer works: Open a new HSBC Premier checking account by March 31, 2026. Add New Assets to your Premier checking account, Premier Savings account, Premier Relationship Savings account, Managed Portfolio Account and/or Spectrum account (Eligible Accounts) by March 31, 2026, and maintain the New Assets through June 30, 2026.
- Get a $1,500 Cash Bonus: Add and maintain New Assets of $150,000 to $249,999
- Get a $2,500 Cash Bonus: Add and maintain New Assets of $250,000 to $499,999
- Get a $3,500 Cash Bonus: Add and maintain New Assets of $500,000 to $999,999
- Get a $7,000 Cash Bonus: Add and maintain New Assets of $1,000,000+
If all offer requirements are met, the bonus will be paid by August 31, 2026.
Wells Fargo Everyday Checking Account - $325 Bonus
- Get a $325 new checking customer bonus when you open an Everyday Checking account and receive $1,000 or more in qualifying direct deposits.
- Wells Fargo Bank, N.A.
Member FDIC
Reasons We Like TD Bank
- You can reach a customer service representative 24/7. Even if you're banking in the middle of the night, you can call TD Bank at 1 (888) 751-900 to talk to a customer service representative. Use this hotline to ask questions, resolve issues, or even open an account.
- TD Bank offers some of the longest hours at their physical branches compared to other banks. They operate on extended hours during the week.
TIP: Save your banking till your day off. TD Bank is also open on Sundays and even some holidays.
- You can get your monthly fees waived with somewhat low balance requirements. You can get your monthly fees waived with as little as $300 to $10,000 average balance in your account.
- Students can get free checking or savings accounts. If you are between the ages of 17 and 23 years old and can prove that you are an active student, then you can get fee-free Student Checking or Savings accounts. You still get access to online and mobile banking to make it easy to bank from wherever you are.
- You can use the TD Digital Wallet to pay anywhere digital payments are accepted. Just add your TD Bank Visa to your digital wallet and use it to pay at any retailer or restaurant accepting Apple Pay, Samsung Pay, Google Pay, PayPal, and Visa Checkout.
- You can set up email alerts. You can set up a low-balance alert. This may help you avoid overdraft fees. You can also set up high-balance alerts.
This tells you when you've reached your savings goal. At that point, you can jump to the next tiered checking or savings account to maximize interest.
- You can easily open an account online. It only takes a matter of minutes and a little personal information to get your account open.
Once you fund it, either in person or via electronic transfer, you are ready to start earning interest.
- TD Bank offers a wide variety of products including mortgage loans, home equity loans, personal loans, and credit cards. You can have your deposit, investment, and loan accounts all in one convenient place.
Reasons You May Want to Look Elsewhere
- Many of the checking and savings accounts have monthly fees. Fees of $5 - $25 per month can add up over the course of a year.
Many of the accounts allow you to waive the fees with somewhat low minimum balance requirements.
- If you don't live on the East Coast, you can often find interest rates that are much higher at online-only banks.
TD Bank has overhead to manage, which minimizes the interest they can offer their online clients.
- You'll pay a fee for using non-TD ATMs unless you have the Beyond Checking account, which requires a $2,500 minimum balance.
If you don't keep that high of a balance in your checking account, making minimal interest, the ATM fees can add up.
How It Compares
Bank of America
Along the East Coast, you'll likely find just as many Bank of America branches as you do TD Bank branches.
Bank of America offers similar bank accounts, but at slightly lower fees. They have slightly lower balance requirements to waive the monthly fee.
They also allow you to waive the fees if you set up direct deposit.
| ||
| Learn More | Learn More | |
TD Bank | Bank of America | |
|---|---|---|
TD $300 Beyond Checking Bonus - | Bank of America Advantage Banking - Up to $500 Cash Offer | |
Benefits and Features | ||
| Savings | 0.02% 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. | Bank of America Advantage Savings Standard Rate: 0.01% APY |
| CD | up to 3.49% APY (up to 3.51% for Relationship APY). Terms of 3 to 60 months. Minimum deposit of $250. Allows one penalty-free withdrawal (depending on account). |
|
| Checking | TD Complete Checking, TD Beyond Checking, TD Essential Banking |  |
| Mobile App | ||
| ATMs | 2,600 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida | |
| Customer Service | 24/7 Live Customer Service (Telephone) |
|
| IRA CD | up to 3.49% APY (up to 3.51% for Promotional APY. Terms of 3 months to 5 years. Minimum deposit of $250. Additional contributions and penalty-free withdrawal available (depending on account). | |
| Locations | ||
| Learn More | Learn More | |
TD Bank: Pricing information from published website as of 12/20/2025 based on 08034 zip code. Bank of America: Pricing information from published website as of 01/09/2026 based on 91107 zip code. | ||
Wells Fargo
Wells Fargo is another popular bank along the East Coast and throughout the US. While they offer similar bank accounts, they do have higher monthly balance requirements than TD Bank.
Wells Fargo, like TD Bank offers fee waivers for students within certain age brackets.
Chase
Chase Bank offers similar bank products as TD Bank, but they make it easier to get the fees waived. Qualified direct deposit will usually get you free checking at Chase.
If you have Chase credit cards or mortgage loans, you can transfer money between accounts instantly. Chase does offer interest rates on the lower end of the spectrum, though.
 | ||
| Learn More | Learn More | |
TD Bank | Chase | |
|---|---|---|
TD $300 Beyond Checking Bonus - | Chase Bank $400 Bonus - | |
Benefits and Features | ||
| Savings | 0.02% 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. |
|
| CD | up to 3.49% APY (up to 3.51% for Relationship APY). Terms of 3 to 60 months. Minimum deposit of $250. Allows one penalty-free withdrawal (depending on account). | Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee. |
| Checking | TD Complete Checking, TD Beyond Checking, TD Essential Banking |
|
| Mobile App | ||
| ATMs | 2,600 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida | |
| Customer Service | 24/7 Live Customer Service (Telephone) | Automated service available 24/7 |
| Locations | ||
TD Bank: Pricing information from published website as of 12/20/2025 based on 08034 zip code. Chase: Pricing information and data points from published website as of 12/29/2025. | ||
Bottom Line
If you live on the East Coast and are near a TD Bank branch, you can enjoy the many benefits the bank accounts have to offer, including its convenient hours of operation.
Even if you don't live on the East Coast, you can enjoy their online banking services nationwide. Since they aren't only an online bank, though, you may find higher interest rates elsewhere.
Chase Total Checking® - $400 Bonus
- New Chase checking customers can receive $400 when you open a Chase Total Checking® account and make direct deposits totaling $1,000 or more within 90 days of coupon enrollment.
- Unlock more offers with Chase. Get up to $500 per calendar year by referring friends and family. Plus, get cash back from top brands with Chase Offers when you use your debit card.
- Chase Total Checking® has a $15 monthly service fee, you can easily avoid the fee with direct deposits totaling $500 or more, or a minimum average daily balance each statement period.
- 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*
- Chase Mobile® app makes banking simple. Manage accounts, pay bills, send money to friends with Zelle® and deposit checks on the go with Chase Quick Deposit℠.
- Chase has the largest branch network in the U.S. with thousands of ATMs and branches. Use the Chase locator tool to find a branch or ATM near you.
- Chase helps keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.
- Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.
Bank of America Advantage Banking - Up to $500 Cash Offer
- The cash offer up to $500 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 1/31/2026.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.
Cash Bonus Total Qualifying Direct Deposits $100 $2,000 $300 $5,000 $500 $10,000+ - If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
- Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC.
Wells Fargo Everyday Checking Account - $325 Bonus
- Get a $325 new checking customer bonus when you open an Everyday Checking account and receive $1,000 or more in qualifying direct deposits.
- Wells Fargo Bank, N.A.
Member FDIC
U.S. Bank Business Essentials - $400 Bonus
Promo code Q1AFL26 MUST be used when opening a U.S. Bank Business Essentials® or Platinum Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts.
To earn a business checking bonus, open a qualifying U.S. Bank business checking account between 1/15/2026 and 3/31/2026. Make the required deposit(s) in new money within 30 days of account opening, maintain the same required daily balance through the 60th day, and complete 6 qualifying transactions based on posted date within 60 days of account opening.
Business Essentials: $400 bonus with $5,000 new money deposits, daily balance, and 6 qualifying transactions.
Qualifying transactions include debit card purchases, ACH and wire credits or debits, Zelle credits or debits, U.S. Bank Mobile Check Deposit, electronic or paper checks, Bill Pay (excluding payments made by credit card), and payment received via U.S. Bank Payment Solutions. Other transactions, such as person-to-person payments, credit card transfers, or transfers between U.S. Bank accounts, are not eligible.
New money is defined as funds from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees may reduce the required daily balance during the qualifying period.
Bonus will be deposited into your new eligible U.S. Bank business checking account within 30 days after the month-end in which all offer requirements are met, provided the account remains open with a positive available balance.
Offer may not be combined with other business checking bonus offers. Existing businesses with a business checking account or had one closed within the past 12 months, do not qualify.
All regular account-opening procedures apply. For full checking account pricing, terms and policies, refer to your Business Pricing Information, Business Essentials Pricing Information, and YDAA disclosure. These documents are available at any U.S. Bank branch or by calling 800.872.2657.
Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice.
Member FDIC
CIT Bank Platinum Savings - $300 Bonus
- Qualify for a $300 cash bonus with a minimum deposit of $50,000
- This limited time offer to qualify for a $225 cash bonus with a minimum deposit of $25,000 or a $300 bonus with a minimum deposit of $50,000 is available to New and Existing Customers who meet the Platinum Savings promotion criteria. The Promotion begins on September 23, 2025 and can end at any time without notice.
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