TD Bank Review: Checking Accounts

Margarette BurnetteSeptember 16, 2019
TD Bank Checking Accounts Offer Solid Online Banking Options and Support
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NerdWallet's checking rating: 3.5 / 5.0

TD Bank TD Beyond Checking
NerdWallet rating 

at TD Bank, Member FDIC

TD Bank checking accounts give customers access to a large East Coast-based network of branches and ATMs. But you won’t find free checking with TD Bank’s three general options. There’s either a minimum daily balance requirement or monthly fee.

» Want more bank details? See our full TD Bank review.

TD Bank checking accounts, fees

TD Simple

TD Convenience

TD Beyond

Minimum opening deposit

$0.

$0.

$0.

Monthly fee

$5.99.

$15; waived if you maintain a minimum daily balance of $100 or if the primary account holder is between the ages of 17 and 23.

$25; waived if you maintain a minimum daily balance of $2,500, have $5,000 in monthly direct deposits or $25,000 in combined TD accounts.

Interest on balances

No.

No.

0.01% APY for balances of $9,999.99 or less; up to 0.05% APY for higher balances.

Non-TD ATM fees

(Charged for each withdrawal, transfer or balance inquiry at non-TD ATMs)

$3, not including any additional fee from non-TD ATM owners.

$3, not including any additional fee from non-TD ATM owners.

$0; non-TD ATM fees reimbursed with minimum daily balance of $2,500.

Features

  • Access to nearly 1,300 branches and 1,900 ATMs along the East Coast.

  • Free mobile app and online banking, including bill pay and mobile deposit.

  • Free access to Zelle, an online way to send money to friends or family.

  • Live customer service 24/7.

  • Offers senior and student checking options.

Overdraft fees

  • $35 for each overdrawn amount paid or returned, up to five charges per business day.

  • No charge if your account is overdrawn by $5 or less.

  • Overdraft protection transfer: $3 per day.

  • The bank reimburses two overdraft fees per year for Beyond Checking account holders.

Other fees

  • Incoming wire transfers: $15 ($0 for TD Beyond).

  • Outgoing domestic wire transfers: $30 (one reimbursement per statement cycle with TD Beyond, domestic or international).

  • Outgoing international wire transfers: $50 (one reimbursement per statement cycle with TD Beyond, domestic or international).

  • No foreign debit card transaction fee for TD Beyond.

Sign-up bonus

No.

$150; see how to qualify.

$300; see how to qualify.

How TD Bank compares with online banks

Large institutions like TD Bank generally have a wide network of branches and ATMs. However, their checking accounts tend to have lower interest rates and higher monthly fees compared with online banks. The top online banks can’t match big banks in the number of branches, but they do usually offer access to large independent ATM networks.

TD Bank TD Beyond Checking
NerdWallet rating 

at TD Bank, Member FDIC

» Want to see other options? Check out NerdWallet's list of best checking accounts.

TD Bank offers straightforward checking options, but you can find cheaper checking accounts elsewhere. Given its extensive branch network and hours, however, TD Bank might be a convenient place for your money if you’re on the East Coast.

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