Pros

No monthly fee for TD Convenience Checking if you maintain a balance of at least $100.
Many of the 1,200 East Coast locations are open seven days a week.
$150 sign-up bonus for Convenience Checking customers.
No foreign debit card transaction fees.

Cons

$3 fee for non-TD Bank ATMs with TD Simple and TD Convenience checking accounts.
Earns 0.05% APY on Simple Savings; better rates available elsewhere.

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Overall

3.5

At TD Bank, a brick-and-mortar bank with a strong presence in the Eastern U.S., you’ll find straightforward accounts with average features. TD’s most attractive account may be Convenience Checking, which comes with a cool $150 bonus. To skirt the account’s $15 monthly fee, you’ll need to make sure you never dip below the $100 minimum daily balance.

Ratings methodology | Updated April 11, 2018

Checking

4.0

You can choose among three main types of TD Bank checking accounts, including TD Simple, a no-minimum-balance account, and TD Premier, where you’ll earn a small amount of interest if you carry a balance of $2,500 or more. The drawback for TD Simple: It has a mandatory monthly fee of $5.99, but there are no transaction requirements.

To qualify for a bonus of $150 or $300, new customers need to open a checking account online and receive direct deposits of at least $500 (TD Convenience) or $2,500 (TD Premier) within the first 60 days.

Also of note: If you travel, TD Bank offers a nice perk — no foreign debit card transaction fees. And for customers who visit Canada, there’s no charge to use TD Canada Trust ATMs.

TD Simple Savings
APY
0.05%
Min. balance for APY
$1

at TD Bank,

Member, FDIC

Certificate of Deposit
APY
0.60%
Min. balance for APY
$10,000
Length of term
5 years

at TD Bank,

Member, FDIC

TD Premier Checking℠
APY
0.05%
Monthly fee
$25
Balance to waive monthly fee
$2,500

at TD Bank,

Member, FDIC

How does TD Bank compare?

TD Bank

TD Simple Savings

NerdWallet Rating

at TD Bank,

Member, FDIC

APY

0.05%

Monthly Fees

$5

Bonus features

Mobile-friendly

Goldman Sachs Bank USA

Online Savings

NerdWallet Rating

at Goldman Sachs Bank USA,

Member, FDIC

APY

1.95%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

American Express National Bank

High Yield Savings Account

NerdWallet Rating

at American Express National Bank,

Member, FDIC

APY

1.90%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

Not for you? Read more bank reviews
NerdWallet reviews are the result of independent research by our editorial team while accountholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.
Overall
Customer service
Poor
Website / app
Fair
Rates
Poor
Fees
High
Ridiculous Customer Service
Called customer care to make a query on a holding check on my account. I gave them the correct answers for the security questions for them only to tell me that I didnt answer in the time frame needed for clearance and that I have to visit a Branch to provide proof of identity. I can understand being secure but to the point that I have to give an answer in a time frame is ridiculous. I've never heard that before and I wasnt even told that I was being asked any security questions. I provided my SSN the and card number when I called. I've never had this issue with any other bank I've been been with and I use to also be a banker. The way new customer's are treated also is unacceptable. Holding a check from 7 to 10 working days because of a new account is not right. I've worked in banking for over 5 years and checks are usually cleared after the maximum of 3 days unless there are SOF or threshold issues. Or if the check is drawn on a foreign or international bank. 7 to 10 days is a bit too much for people who are depending on their salary that came through a check. So much for being the "Convenient Bank"!
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Poor service
Went to TD bank today in Delaware to get a new visa card. My wait time was 45 minutes. I waited another 15 minutes still was not seen. Thae young women working had to get someone to help. She told the person she needed help because she had not done this transaction before. I finalky gave up and left. Going to change banks. I think a credit union would be much better. No high bank fees for not having a 100. dollars in your account. Very disappointed in TD bank. I think they need better trained employees.
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