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 has three unusual perks: long branch hours, free ATMs in Canada and no foreign transaction fees on debit cards. Its most attractive account may be Convenience Checking, which has a solid bonus.

 

Ratings methodology | Updated Jan. 29, 2020

Checking

3.5

TD Convenience is the most popular checking option and you can waive the steep fee of $15 if you maintain a daily balance of at least $100. And it has that sign-up bonus. But if you receive more than $2,500 in direct deposits a month, you could be eligible for a $300 sign-up bonus on the interest-bearing account, TD Beyond. (Learn more about TD Bank’s sign-up bonuses.)

 

Also of note: The bank has 2,240 ATMs in the U.S. And, 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
0.30%
Min. balance for APY
$10,000
Length of term
1 year

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

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
Staff is unfriendly and rude
Staff is unfriendly and rude.
Overall
Customer service
Poor
Website / app
Good
Rates
Poor
Fees
Fair
Avoid TD Bank altogether
There really should be a zero or negative star rating available. Never have I in 35+ years of banking been treated in such an unprofessional, rude and totally obnoxious manner as I was by a representative. Despite the inconvenience which it will doubtless entail for me with having to move direct deposits etc, I will be exploring how to close and move both my business and personal accounts from this horrendous branch at the earliest opportunity. In addition, trying to get hold of TD head office to relate my experience ended in failure after waiting on hold in excess of 40 minutes before giving up. Please avoid this horribly unprofessional branch or TD Bank as a whole.
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