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
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Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Worst customer service
The worst customer Serivce on my checking account of $500 stolen don't even help no security alerts to let you know there weird transaction going on your account also when u call they have no straight answer that u need give Them 10 business day investigation your account also they give a lot around to answer questions
Overall
Customer service
Fair
Website / app
Poor
Rates
Poor
Fees
High
Holds On Everything
I've been a Business banking customer for about 2 years with td, They have charged me thousands of dollars in overdraft fees because they still re organize debits to charge as many overdrafts in a day as they can. They will place 7 day holds on checks at their discretion with cleared funds from national corporations. The customer service is a joke, and offer nothing more than a pat on the back and a "sorry, but that's policy."
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