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.
Earns 0.05% APY on Simple Savings; better rates available elsewhere.

At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from our partners. Here’s how we make money.

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 April 11, 2018

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

1.85%

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

1.75%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

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
Forget Disputes
TD Bank deducted my account twice for the same transaction. They refunded the money while they researched the issue. However, they made it seem if that was the be-all-to-end-all. Wrong. They came back six weeks later and said that it was a legitimate transaction. There was ONE legitimate transaction, but they deducted for two, fees and all. I have filed a dispute with the OCC and the Federal Reserve Bank.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Worst Bank Ever.
This is my third negative review of TD bank because my 5 year experience was so poor. Was with them after college and got stuck with them. Tried closing my account several times and they try to hit me with tons of fees and short story i couldn't close without paying them $100's of dollars. Basically every time they credited me some money back because of their mistakes or anything they said i owed them once i closed EVEN THOUGH THERE WERE TIMES IT WAS THEIR MISTAKE. They will take every dollar from your account they can and have the worst customer service ever. PLEASE DO NOT BANK WITH THEM. THEY'RE RATES AND CARDS AREN'T EVEN COMPETITIVE AND THEY WILL SCREW YOU EVERY CHANCE THEY GET. Please dont.
Some of the reviews on the NerdWallet site were purchased through a third party provider. Users who post a review directly on the NerdWallet site will not be compensated in any way. Please see our Terms of Use and Posting Guidelines for more information.