How To Open a TD Bank Account

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For someone looking to open a new bank account, TD Bank might fit the bill. After all, it’s one of the 10 largest banks in the U.S., and it describes itself as “America’s Most Convenient Bank.”

The application process for opening TD Bank accounts is straightforward and easy, and customers can have an account set up within minutes. It requires filling out some basic pieces of personal information and choosing the account that best suits a person’s needs and budget. Here’s a rundown of the options and what’s needed to get set up.

What Do I Need To Open a Bank Account With TD Bank?

To open a TD Bank account, customers need to be the eligible age for the region in which they’re applying — usually 18 or older. Once that condition is satisfied, a few other pieces of information are required. These include:

Earn Perks With A New Checking Account

Once those details are on hand, new customers can complete their application at a local TD Bank branch or complete the entire process online.

How To Open an Account with TD

There are three steps to opening a TD bank account.

  1. Decide which account to open.
  2. Gather the necessary documents.
  3. Complete the application online or at a branch.

You should be able to complete your application in about five to ten minutes.

Opening a Checking Account with TD

TD Bank has five checking account options: TD Simple Checking, TD Convenience Checking, TD Beyond Checking, TD Essential Banking and TD 60 Plus Checking. None of these options have a minimum balance requirement, and no fees apply at TD-owned ATMs. Here’s a breakdown of each.

TD Simple Checking Account

TD Simple Checking is one of the best options for new customers. It has a relatively low account monthly maintenance fee of $5.99.

TD Convenience Checking Account

TD Convenience Checking is one of the most popular options. It has a monthly fee of $15, but this is waived if balances stay above $100.

Earn Perks With A New Checking Account

TD Beyond Checking Account

TD Beyond Checking has a higher $25 monthly fee, but similarly, this is waived if direct deposits are made within a statement cycle, the account has a balance in surplus of $2,500, or a customer has more than $25,000 across multiple TD accounts. Added benefits include no fees at any ATM, free paper statements and overdraft fee reimbursements.

TD Essential Checking Account

TD Essential Banking has the lowest monthly fee of $4.95. The fee is waived for account holders between the ages of 13 and 17. One major benefit of this account, however, is its Zelle integration.

TD 60 Plus Checking Account

60 Plus Checking has a $10 fee, but this is waived if the account balance stays above $250.

Good To Know

TD Beyond Checking and TD 60 Plus Checking are the only interest-earning checking accounts. 

TD Simple Checking, TD Convenience Checking, TD Beyond Checking and TD 60 Plus Checking customers can also get a 0.25% discount on personal and home equity loans.

New TD Convenience Checking or TD Beyond Checking account customers can take advantage of a $200 or $300 bonus offer, respectively, until October 2022. For TD Convenience Checking, they must have at least $500 in qualifying direct deposits within 60 days. For TD Beyond Checking, the figure must be $2,500 or more. 

Earn Perks With A New Checking Account

Opening a Savings Account With TD

TD Bank has three savings accounts: TD Every Day Savings, TD ePremium Savings and TD High Interest Savings. 

None of the accounts have any monthly fees. However, transactions do incur charges. TD Every Day Savings has one free transaction per month and a $3 fee on any further transactions. TD ePremium Savings and TD High Interest Savings charge a flat $5 fee on all transactions.

If customers meet minimum balance requirements, these fees can be waived. Satisfying these requirements also allows TD customers to earn more interest with the ePremium Savings and High Interest Savings accounts.

Opening a Joint Account With TD

Customers can also change to a joint account for the checking and savings account options above.

Both parties will need to supply the relevant identification documentation. It’s recommended that customers visit their local TD branch and meet with a representative to simplify the process.

Opening a Student Account With TD

Students and young adults aged 17 to 23 can also open a Convenience Checking account with TD. This account has no minimum balance requirements and no monthly fees. Additionally, it offers a bonus of $100 to those who make 15 debit card transactions within 60 days of opening an account.

Earn Perks With A New Checking Account

Final Take

TD Bank offers a variety of accounts to suit differing needs, as well as a number of attractive bonuses. Applications can be completed simply in a branch or on the web, and professional support is provided 24/7 if new customers run into any difficulties.


Here are some questions people may ask when considering opening a TD Bank account.
  • How much money do you need to open a TD Bank account?
    • There are no minimum balance requirements for any TD checking, savings or student accounts. However, if customers maintain a minimum balance, monthly account fees will be waived in some circumstances.
  • Can we open a TD Bank account online?
    • Yes. New customers can file an application for a TD Bank account either online or in person.
  • How can I get $300 TD?
    • TD Bank offers new TD Beyond Checking account customers $300 if they sign up before October 2022. In order to qualify, customers must add $2,500 in direct deposits within 60 days of opening the account.
  • How long does it take to open a TD Bank account?
    • A TD Bank account can be set up within minutes, and new customers can make their first deposit at the same time.

Editorial Note: This content is not provided by TD Bank. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by TD Bank.