TD Bank Review: Checking Accounts

The TD Simple, Convenience and Beyond checking accounts differ in perks, monthly fees, interest and sign-up bonuses.
Margarette Burnette
By Margarette Burnette 
Updated
Edited by Sara Clarke
TD Bank Checking Accounts Offer Solid Online Banking Options and Support

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NerdWallet's checking rating: 4.0

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. There’s either a minimum daily balance requirement or monthly fee for checking with TD Bank’s three general options. Accounts are available in Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia and Washington, D.C.

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

TD Bank checking accounts and 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.

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 1,100 branches and more than 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 checking options for students and for people over 60 years old.

Overdraft fees

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

  • No charge if your account is overdrawn by $50 or less.

  • Overdraft protection transfer: $0.

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 plus fees (one reimbursement per statement cycle with TD Beyond, domestic or international).

  • No foreign debit card transaction fee for TD Beyond.

Sign-up bonus

No.

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 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.

⏰ Limited-time offer

SoFi Checking and Savings

SoFi Checking and Savings

SoFi Checking and Savings

NerdWallet rating

4.5

/5

Bonus

$400

Limited-time offer

Learn more

at SoFi Bank, N.A., Member FDIC

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On a similar note...

Find a better savings account

See NerdWallet's picks for the best high-yield online savings accounts.

⏰ Limited-time offer

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NerdWallet rating 

5.0

/5
SoFi Checking and Savings

at SoFi Bank, N.A., Member FDIC

Monthly fee

$0

APY

0.50%

With $0 min. balance for APY

Bonus

$400

Limited-time offer

Up to $300 cash and $100 in rewards points. Terms apply.

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