Here’s How TD Bank Checking Accounts Will Help You Save Money

Find out how checking accounts from TD Bank can save you cash.

TD Bank ranks among the top banks for customer satisfaction, according to the J.D. Power 2017 U.S. Retail Banking Satisfaction Study — and it’s GOBankingRates’ Best National Bank of 2017. TD Bank offers a total of six different checking accounts, each of which is designed to save you money. Learn more about this award-winning bank and how its products can benefit you. When choosing a new account, look for a bank that offers free checking with no minimum balance.

TD Bank Review

Before selecting the checking account that would best fit with your lifestyle, take a look at a few facts about TD Bank:

  • Over 9 million customers
  • 1,300 TD Bank locations with branches throughout the Northeast
  • Most locations open seven days per week with late hours on some days
  • FDIC-insured up to $250,000
  • 24/7 TD Bank customer service

See: Best National Bank of 2017 — TD Bank

TD Bank Products and Services

In addition to checking account options, TD Bank offers an array of products and services, including:

  • Savings and money market accounts
  • Certificates of deposit
  • Individual retirement accounts
  • Personal loans, mortgages and home equity loans
  • Foreign exchange services, online and mobile banking and cross-border banking
  • Small business and commercial accounts and services

All TD Bank checking accounts include free mobile banking and deposit, online banking, free bill pay with e-bills, a TD Bank debit card, live 24/7 customer service, free access to thousands of TD Bank ATMs, free TD Bank online statements, rate discounts on home loans and choice of overdraft services.

Here’s a review of what each of the six available checking account options has to offer beyond what’s already included:

TD Simple Checking

This basic checking account earns no interest and requires no deposit when opening. Other features and fees include:

  • No minimum balance requirements
  • $5.99 monthly maintenance fee
  • $3 for each out-of-network ATM transaction
  • $35 for each paid overdraft
  • $10 overdraft protection transfer fee

Also See: Here’s Your TD Bank Routing Number

TD Convenience Checking

Earn $150 when you open this account online and receive $500 in direct deposits within the first 60 days. Here’s what to expect with this checking account:

  • $0 opening deposit
  • No interest
  • $0 or $15 monthly maintenance fee
  • $100 minimum daily balance required for no fee
  • $3 for each out-of-network ATM transaction
  • $35 for each paid overdraft
  • $10 overdraft protection transfer fee

TD Premier Checking

Earn $300 when you open this account online and receive direct deposits of $2,500 or more within the first 60 days. This option includes:

  • $0 opening deposit
  • Pays 0.05% APY on balances of $2,500 or more
  • $25 monthly maintenance fee
  • $100 minimum daily balance required for no fee
  • Free out-of-network ATM transactions; surcharges reimbursed if you maintain $2,500 minimum daily balance
  • $35 for each paid overdraft
  • $10 for overdraft protection transfer fee

TD Relationship Checking

Bundling your deposit accounts and loan and mortgage balances that total $20,000 or more is what makes this checking account pay off. Review these details to decide if this account is right for you:

  • $0 opening deposit
  • Pays 0.03% APY on balances of $0.01 or more
  • $25 monthly maintenance fee
  • $20,000 combined minimum daily balance — deposits, loan and mortgage balances — required for no fee
  • Free out-of-network ATM transactions; surcharges reimbursed if you maintain $2,500 minimum daily balance
  • $35 for each paid overdraft
  • Free overdraft protection transfers

Find: TD Bank Near You

TD 60 Plus Checking

This account is ideal for people age 60 and older who want an interest-bearing account with a low minimum balance requirement. Learn more about this account:

  • $0 opening deposit
  • 0.05% APY on balances of $0.01 or more
  • $10 monthly maintenance fee
  • $250 minimum daily balance required for no fee
  • $3 out-of-network ATM fee per transaction
  • $35 per paid overdraft
  • $10 overdraft protection transfer fee
  • Free standard and official checks, money orders and paper statements

TD Student Checking

Full-time students under the age of 24 are eligible for a free checking account and a no-fee TD Simple Savings account if they link it to their TD Student Checking account. You can expect these fees and features with the TD Student Checking account:

  • $0 opening deposit
  • $0 monthly maintenance fee
  • No minimum daily balance
  • No interest
  • $3 per each out-of-network ATM transaction
  • $35 overdraft fee
  • Free overdraft transfer protection

Pros and Cons of TD Bank

Here’s a quick look at some of the features of TD Bank, which can help you decide which direction to take:

Pros

  • Large presence in Canada
  • Rate discounts on TD Bank home loans
  • Accessibility services include alternate format statements and raised-line, large-print checks.

Cons

  • $3 fees for out-of-network ATMs
  • No interest offered on TD Simple, Convenience, and Student Checking accounts
  • $5.99 monthly maintenance fee for TD Simple Checking

Flexible Banking Options

After reviewing TD’s six checking accounts, it’s clear that choosing TD Bank online banking is beneficial for many different types of banking customers and perks multiply if you have more than one TD Bank account. Sign-up is easy, and the bank also offers in-person banking services.

Up Next: How to Find and Use Your TD Bank Login

  • Shannon

    Definitely peaked my interest for TD checking accounts.