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
Very unhappy
A week after we open our TD bank checking and savings account my wife's wallet was stolen so we called the bank and explained and canceled the card and froze the account , however the rep only canceled the debit card so 3 days later the person who stole the wallet walks to the bank with my wife's ID and empty our account, we resolved that setuation and TD bank opened a new account for us but the didn't transfer and savings account nor the money in the savings account , so we had to solve that problem too, now every Friday we deposit our checks at the same place at the same time and it clears by Saturday morning, but this time it didn't clear so I called Monday morning and the rep told me that it would clear by 6pm on Monday , I called again at 4pm the rep told me it'll clear by tomorrow because Monday is not a business day !!!!!! Ok so let me talk to your supervisor , got a hold of the supervisor just to tell me that there's nothing anyone could help unless I'm at the branch but the branch will close in 5 minutes, I could have gone to the branch but I was on the phone on hold for an hour so going to the branch wasn't an option, I asked them why the rep told me it'll clear by 6 and the other rep said it's not true , and then she said oh well people make mistakes and then she said just for future if you decided to keep your account open blah blah blah , so I asked to speak to someone else and the supervisor told me that they'll call me back today so I asked ok great spell your name so I can talk about you too to the higher up since you don't care if I close my account and the supervisor hung up on me, these people are very nice when you open your account but they do not give a damn about customers, and they have bunch of hidden fees such as $3.00 charge just to view your account on TD bank ATM ! Just to view it not even to print it !!!! I don't recommend TD bank to anybody and my wife and I are going to close our account and take our money elsewhere.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Credit card due date
The CC due dates keep changing making it impossible to keep track of your payment dates. TD is the only Visa I know of in North America that uses this tactic with no provisions for email alerts for payment due dates.This is a deliberate tactic used to extort late fees from its clients. TD is the worst bank I have dealt with in 50 years of business and personal banking.
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