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TD Bank Checking Account

in Checking Accounts

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TD Bank Checking Account

Unaffiliated

in Checking Accounts

SuperMoney Net Recommendation Score -100% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

0 users recommend
0 users are unsure
4 users don't recommend
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Overview

TD Bank was the 9th largest bank by assets in 2015. It had $241.1 billion in assets, 8.5 million customers, 24,370 employees, and 1,322 branches in 15 states. The bank was established in 1852 as Portland Savings Bank. The bank grew through a series of mergers and changed its name to Peoples Heritage Bank in 1983. In 2009, the TD Bank Group of Toronto bought the bank. Its international headquarters are now located in Toronto, Canada, but it still has U.S. headquarters in Cherry Hill, New Jersey, and Portland, Maine. TD Bank has a four-star rating with Bauer Finacial and an A+ BBB rating.

What Are TD Bank’s Checking And Savings Accounts Like?

Checking Accounts
TD Bank has three primary checking accounts: TD Simple, TD Convenience, and TD Premier.
TD Simple has a $5.99 monthly fee but no minimum balance. It doesn’t earn interest, but it includes online and mobile banking, Bill Pay, free access to an extensive ATM network, and a debit card.
TD Convenience has a $15 monthly maintenance fee that can be waived with a minimum balance of just $100. As well as the features offered by TD Simple it also includes rate discounts on TD loans and mortgages.
TD Premier has a $25 monthly maintenance fee you can avoid by maintaining a $2,500 minimum balance. Account holders get their TD, and Non-TD ATM fee waived and receive a 0.05% APY on their balance.

Savings Accounts
TD Bank has three primary savings accounts: TD Simple Savings, TD Growth Money Market, and TD Select Savings.

TD Simple Savings has a $5 maintenance fee ($5 if you opt for online only statements) you can waive if you have a $300 daily balance or a linked checking account and a recurring transfer of at least $25. The interest rate is 0.05%.

TD Growth Money Market pays tiered interest ranging from 0.05% to 0.35% depending on your balance. The monthly maintenance fee is $12, but it is waived if you have a minimum daily balance of $2,000, or you’re 62 or older.

TD Select Savings has a $15 monthly maintenance fee that is waived if you have a minimum daily balance of $15,000. Interest rates are tiered from 0.1% to 0.45% depending on your balance. Non-TD ATM fees are waived and receive free money orders.

What Are The Advantages and Disadvantages Of TD Bank’s Checking And Savings Accounts?

What we love about TD Bank:
- Simple fee schedule
- Large ATM network
- Competitive interest rates
- ATM fees are waived for prime customers
- Easy to waive monthly fees

What we don’t like about TD Bank:
- Low-interest rates
- Minimum balances and monthly maintenance fees
- Only customers with large balances receive prime features

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

Available in 15 States and Washington, DC
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Maine
  • Maryland
  • Massachusetts
  • New Hampshire
  • New Jersey
  • New York
  • North Carolina
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Vermont
  • Virginia

Feature Breakdown

Online Bill Pay
$0
In-Network ATM Fee
$0
Monthly Fee
$5.99
Check Image Service
$2
Stop Payment Fee
$30
Check Copy
$5
Bank Transfer (National)
$25
Bank Transfer (International)
$40
Returned Deposit Fee
$15
Overdraft Item Fee
$35
Paper Statement Fee
$1
Out-of-Network ATM Fee
$3
Overdraft Protection Fee (per transfer)
$10
NSF Fee
$35
APY Minimum Balance
$2,500
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Government Issued Photo ID
Bauer Financial A+/A Rating
Account Features
  • Bauer Financial A+/A Rating
  • CDs
  • Check Images with Statement
  • Checking
  • Debit Card
  • FDIC Member
  • Free Bill Pay
  • Free Debit Card
  • Interest Bearing Account
  • IRAs
  • Mobile Banking
  • Mobile Check Deposit
  • No ATM Fees
  • Savings
  • Visa/Mastercard
Signup Bonus
$300
Savings Interest Rate
Starting at
0.05%
APY
Starting at
0.05%
Checking Interest Rate
Starting at
0.05%

Reviews

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