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
This bank sucks
They have charged me more than the necessary amount of surcharge fees. Even if you don't use your card, they charge & charge. It's a crappy bank. Rude people. I will be canceling my account but I truly had to write a review about this. It's appalling to me that they can just take so much money from someone, even if you don't go into negative. I have lost about $200 to them & I am done with it. The bank is terrible
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Slightly better than BOA
Made a snap judgement to freeze my account when trying to withdraw money from an ATM that I have used dozens of times, located 1/2 block from my apartment. I go to this particular bodega almost every day, I cannot stress how ridiculous this is! The cab driver had to follow me to my apartment, hold my wallet ransom and wait for me to write him a check that he said he wouldn't cash. I now have to meet him a day later with the money that I owe him (the same money I could have easily withdrawn from my primary ATM!!!) and give him a larger than usual tip for the headache that we both endured last evening. He was beyond accommodating, TD was useless as usual and I had to wait for the better part of an hour to get my card unlocked listening to the godawful pandering advertising on their call center holding pattern. If zero were an option, believe me I would give them less than a zero. I can only feel grateful that they didn't decide to lock my account in a situation that would have left me paralyzed and helpless that was more than half a block from my apartment. Only reason I am still temporarily keeping my money with these idiots is that I have savings, checking and auto bill pay/direct deposit and it will be somewhat of a nightmare to disentangle myself from these amateurs. BTW $3 NON TD ATM FEES! GARBAGE INCENTIVES FOR SAVINGS/CC REWARDS?!?! Don't bother.
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