TD Bank Review: Checking Accounts
The TD Simple, Convenience and Beyond checking accounts differ in perks, monthly fees, interest and sign-up bonuses.
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NerdWallet's checking rating: 4.0
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 |
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Overdraft fees |
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Other fees |
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Sign-up bonus | No. | $200; 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.
» 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.