TD Bank Checking Accounts Review 2024: Is TD Checking a Good Account for You?

• About TD Bank
• TD Bank Checking Accounts Overview
• TD Bank Simple Checking Account
• TD Bank checking features
• TD Bank Convenience Checking Account
• TD Bank Beyond Checking Account
• How TD Bank Checking Accounts Compare
• FAQs
• Methodology

Our experts answer readers' banking questions and write unbiased product reviews (here's how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.

You might like one of TD Bank's three primary checking accounts if you prefer banking face-to-face and live near a branch along the East Coast.

But if your main priorities are low monthly fees and good interest rates, you might prefer one of the best checking accounts with an online bank.

TD Bank Checking Account Review

TD Bank has over 1,100 branches and 2,600 ATMs along the East Coast. It also ranks as one of Insider's best national banks.

TD Bank charges a $35 overdraft fee, up to three times per day. However, the bank also has several overdraft protection services to help you avoid overdraft fees. With Grace Period, TD will refund overdraft fees when you restore your account balance to at least $0 by 11 p.m. ET the next business day. You can also link your checking account to your savings account to cover overdrafts. In 2022, TD Bank eliminated the fee for overdraft account transfers.

You can speak with a live customer support representative 24/7. Many branch locations are also open seven days per week if you want to speak to someone in person.

The mobile app has received positive reviews, with 4.8 out of 5 stars in the Apple store and 4.3 out of 5 stars in the Google Play store.

Your deposits are FDIC insured for up to $250,000, or $500,000 for joint accounts.

TD Bank Checking Accounts Overview

Are TD Bank Checking Accounts Trustworthy?

The Better Business Bureau grades companies based on how they deal with customer issues. The BBB has given TD Bank an A+ rating.

In 2023, the bank had to pay $1.2 billion in a settlement that claimed the bank was involved in a Ponzi scheme started by Robert Allen Stanford, the former chairman of Stanford International Bank. TD Bank provided correspondent banking services to Stanford International Bank.

TD Bank Simple Checking Account

The TD Bank Simple Checking Account might be a decent choice if you don't want to worry about minimum balance requirements. However, the biggest downside to this account is that the monthly service fee can't be waived. You'll prefer one of TD Bank's other checking accounts if you want the option to waive monthly service fees.

$5.99 monthly service fee

None

$0

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Receive 0.25% discount on TD Bank home equity or personal loan
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free overdraft protection

• con icon Two crossed lines that form an 'X'. $5.99 monthly service fee, with no way to waive it
• con icon Two crossed lines that form an 'X'. $3 out-of-network ATM fee
• con icon Two crossed lines that form an 'X'. $35 overdraft fee

• Access to 1,100 locations and over 2,600 ATMs
• No way to waive $5.99 monthly service fee
• FDIC insured

TD Bank Convenience Checking Account

The TD Bank Convenience Checking Account is the bank's most popular option. It's a good choice if you meet with of the requirements to waive the $15 monthly service fee — you'll have to maintain a daily balance of at least $100 or the fee is automatically waived if you're between the ages of 17 and 23.

You also might like this account if you're looking for a checking account bonus. The TD Bank Convenience Checking Account offers a $200 when you have $500 in qualifying direct deposits within 60 days (offer ends January 31, 2024). This cash bonus is being offered until November 30, 2023.

Earn $200 when you have $500 in qualifying direct deposits within 60 days (offer ends January 31, 2024)

$15 monthly service fee

None

$0

$200

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fee if you're ages 17 to 23
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free overdraft protection

• con icon Two crossed lines that form an 'X'. $15 monthly service fee
• con icon Two crossed lines that form an 'X'. No interest earned
• con icon Two crossed lines that form an 'X'. $3 out-of-network ATM fee
• con icon Two crossed lines that form an 'X'. $35 overdraft fee

You might like one of TD Bank's three primary checking accounts if you prefer banking face-to-face and live near a branch along the East Coast.

• Earn $200 when you have $500 in qualifying direct deposits within 60 days (offer ends January 31, 2024)
• Access to 1,100 branch locations and over 2,600 ATMs
• Waive $15 monthly fee with $100 daily balance
• No opening deposit
• FDIC insured

TD Bank Beyond Checking Account

The TD Bank Beyond Checking Account might be worth exploring if you regularly maintain a minimum daily balance of at least $2,500 or receive monthly direct deposits of $5,000 or more. That way, you'll waive the $25 monthly service fee. You can also waive the fee by maintaining $25,000 or more across all your TD Bank accounts, home equity loans, and home equity line of credit accounts, or mortgage.

This account offers several perks like no ATM fees and two free overdraft fee reimbursements per year. TD Bank also offers a cash bonus of $300 when you have $2,500 in qualifying direct deposits within 60 days (offer expires January 31, 2024).

Earn $300 when you have $2,500 in qualifying direct deposits within 60 days (offer expires January 31, 2024)

$25 monthly service fee

0.01%

$0

$300

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No opening deposit
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free overdraft protection
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. 2 overdraft fee reimbursements per year
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Waive other TD Bank account monthly fees when you have a Beyond Checking Account
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. No out-of-network ATM fees
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Reimburses out-of-network ATM fees charged by providers when your balance is at least $2,500

• con icon Two crossed lines that form an 'X'. $25 monthly service fee
• con icon Two crossed lines that form an 'X'. $35 overdraft fee

You might like one of TD Bank's three primary checking accounts if you prefer banking face-to-face and live near a branch along the East Coast.

• Earn $300 when you have $2,500 in qualifying direct deposits within 60 days (offer expires January 31, 2024)
• Access to over 1,100 branch locations
• Waive $25 monthly fee with $5,000 in monthly direct deposits, OR $2,500 minimum balance, OR total of $25,000 in all TD Bank accounts
• No opening deposit or minimum account balance
• Interest compounded daily
• FDIC insured

How TD Bank Checking Accounts Compare

We've compared TD Bank checking accounts with accounts at two other big-name banks along the East Coast: Bank of America and Citizens Bank.

TD Bank Checking vs. Bank of America Checking

If you don't have money to open a checking account, you'll probably prefer TD Bank. At Bank of America, you'll have to deposit anywhere from $25 to $100. TD Bank lets you open a checking account with $0 minimum opening deposit. 

You'll also prefer TD Bank to other institutions if you'd like to get 24/7 customer service. Bank of America customer support is available over the phone during select hours on weekdays and weekends.

Bank of America Review

TD Bank Checking vs. Citizens Bank Checking

If you'd like to open a checking account with a low initial deposit, TD Bank and Citizens Bank have good options. Both banks let you open a checking account with no minimum opening deposit. 

The best choice for you may ultimately depend on where you live. TD Bank has branches in North Carolina and South Carolina Citizens Bank doesn't have locations in these states, but it does have locations in Michigan and Ohio where there aren't any TD branches.  

Citizens Bank also might be more appealing if you frequently use ATMs. Citizens Bank has over 3,100 ATMs while TD Bank has around 2,600 ATMs.

You might prefer another financial institution if you're priority is the avoid overdraft fees, though. While TD Bank and Citizens Bank have free overdraft services to help minimize overdraft fees, there are several banks that have completely eliminated overdraft fees on accounts. You can find options in our best banks for avoiding overdraft fees guide.

Citizens Bank Review

TD Bank Checking FAQs

TD Bank doesn't have a fee-free checking account. However, you may be able to waive the monthly service fee on the TD Bank Convenience Checking Account or TD Bank Beyond Checking Account if you meet certain requirements.

You can open a TD Bank checking account with $0.

To open a bank account, you'll need to provide a US ID and Social Security number to verify your identity. You can open an account online or at a branch.

Why You Should Trust Us: How We Reviewed TD Bank Checking Accounts

For our TD Bank Checking Accounts review, we used our checking account methodology. At Personal Finance Insider, we rate products on a scale from zero to five stars.  We also compare and contrast the features and fine print of various products to help determine if the account may be right for you. Our checking methodology, specifically, takes into account the minimum opening deposit, monthly service fees, overdraft protection options, ATM network/fees, customer support availability, mobile app ratings, and ethics of a company.

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