Advertiser Disclosure

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.
$5.99 monthly fee on basic checking account can't be avoided.
Earns 0.05% APY on Simple Savings; better rates available elsewhere.

Overall

3.0

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 — but also a $15 monthly fee. To skirt it, you’ll need to make sure you never dip below the $100 minimum daily balance.

Ratings methodology | Updated March 10, 2017

Checking

3.5

You can choose among three main types of TD Bank checking accounts, including TD Simple, a no-minimum-balance account, and the interest-earning TD Premier, for those who carry a balance of $2,500 or more. TD Simple has a mandatory $5.99 fee but 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 Convenience Checking℠
$15
Monthly fee
$100
Balance to waive monthly fee
Learn moreat TD Bank
TD Premier Checking℠
$25
Monthly fee
$2,500
Balance to waive monthly fee
Learn moreat TD Bank
TD Simple Savings
0.05%
APY
$1
Min. balance for APY
Learn moreat TD Bank
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
Not client oriented, rude customer service, unwelcome business environment.
The appealing low balance for free checking and long business hours come with a hefty hidden price. If you do not care how you are treated (in branch or on the phone), if you don't care that your banking concerns are not addressed or solved, if you don't care about being told something on the phone and the opposite in branch, then TD Bank is for you. I'm taking my money somewhere else.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Crooks, Illegal Operations
Absolute crooks. Stay away from TD Bank - they will steal your money. The customer service is horrible in this branch AND on the phone. Their technology is from the stone ages. They charge overdraft fees on pending transactions! This is absurd! I rented a car and stayed in a hotel - both places authorised around $500 for a security deposit. When I checked out amd returned the rental car, these authorizations would be removed TD Bank charged me overdraft fees on these authorizations!! They were pending transactions. I've NEVER seen a bank do that. When I went into this branch to complain, the manager was so rude and cocky. Their website says they DON'T this and I showed this to manager but he would still not reverse the charges. They are just another evil bank that steals money from their clients whenever they can. Just Google "TD Bank class action lawsuit". You will see that they have serious legal issues from charging illegal overdraft fees. Stay away from this bank.
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