Pros

No monthly fee for TD Convenience Checking if you maintain a balance of at least $100.
Many of the nearly 1,300 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 Jan. 8, 2019

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 Beyond, where you’ll earn a small amount of interest. 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 Beyond) 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 Beyond Checking
APY
0.01%
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

2.25%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

HSBC

Online Savings Account

NerdWallet Rating

at HSBC,

Member, FDIC

APY

2.30%

Monthly Fees

$0

Bonus features

Competitive APY

No Monthly Fee

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
Poor
Rates
Poor
Fees
High
they are thieves!
they simply stealing your money. i opened account, made direct deposits and wait 60 days. then i called them, they told me, that i have to wait another 30 days. so i did and called again: where is my money. they assured me that they will contact me soon - and this never happened. then i came to the bank and ask them why they hold my $1500 as daily balance for nothing. they promised to take care of it, but i was so tired - closed account and made complaint to Federal Reserve. and the bank told to investigator that i have more then one account in that bank, thus i am not eligible for cash bonus. as a proof they show THREE accounts opened and closed SAME day upon my name. of course - there were no any transactions on those "accounts" at all. stay away from them people, unless u don't know where to put your money to waste them.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Worst bank ever!!!
This is the worst bank ever their app is very inaccurate. It always gives me the wrong balance so when I use my money it goes into the negatives because the will tell me I have more money then I actually have but when I use the money it will take me into the negatives and charge me a fee not to say I don’t even have the overdraft feature turned on but they still allow my account to overdraft so when I call them they tell me that yes I have the overdraft turned off but they still allow certain transactions to overdraft my account and if I want that feature turned off I have to pay more every month like wtf are you serious and then the lady has the nerve to tell me (sir it’s only 2.48 I don’t think that’s a hole that you can’t climb yourself out of) with a crazy attitude meanwhile that’s not even the dam point the point is that I don’t want to go into the negatives period even if it’s just a penny. This bank sucks I hate it I’m closing my account as soon as possible I never had such a bad experience in a bank this is crazy people please never go to this bank I have been looking up reviews on this bank and others and I have yet to find one good review where a customer was satisfied and I’m writing this review which I’ve never wrote one because no one deserves to loose their money to a bank like this so please no one ever go to this bank!!!!!!
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