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 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

2.25%

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

2.10%

Monthly Fees

$0

Bonus features

Competitive APY

Live help 24/7

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
Old City Philly
If you have all day to wait around or want to be treated like a third class citizen this is your bank. Terrible service and no care of how long you wait
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Terrible customer service
I had a maintenance fee levied on my account for a balance that was below $100. I had no clue of this requirement, so when I called the representative last month, she educated me on this requirement and ever since I maintained my balance above $100. This month again I got a fee levied on my account and when I spoke to the represenatative and manager, they had no emotions whatsoever and straight away said they could not help me because I had 2 days that my balance was low, when I had no idea of this requirement. This is a bank only for business and not really customer care. Unacceptable behavior. TD, you just lost a customer, who had a direct deposit account with you.
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