How To Open a TD Bank Account in 3 Steps

    TD Bank touts itself as “ America ’ s most convenient bank. ” Since it opened its doors for the first time in 1852, TD Bank has undergo respective acquisitions but continues to deliver great customer service and hassle-free products to customers in the Eastern U.S. Customers can choose from five different TD Bank checking accounts and three savings accounts. Alongside these accounts, TD Bank besides offers certificates of deposit, money market accounts, mortgages, loans and more.
    Some unfavorable TD Bank reviews exist ; they mention erratic web site performance, low rates and eminent fees that make trust at TD Bank less than satisfactory for some. On the throw side, however, TD Bank has besides earned positive reviews celebrating its ranking customer servicing, seamless web site performance and convenient access to all on-line services. The answer is to compare banks regarding what matters most to you, such as account options, interest rates, on-line access or fees .
    naturally, you have a fortune of things to consider when opening a bank account — specially if this is your first bill. Below, you ’ ll find a bit-by-bit guide to help you through the process so you can make the best decision about opening a savings bank account with TD Bank.

    Earn Perks With A New Checking Account
    here ’ s a search at what this scout to opening a TD Bank account will cover :

    Steps To Open a TD Bank Account

    A bank account is a safe and secure position to stash away your money. Cash may help in certain circumstances, but it ’ s not always appropriate for paying the bills or forking out big sums of money. By opening a bank account, you ’ ll have the freedom to make payments and purchases without carrying loads of cash in your wallet .
    Opening a depository financial institution explanation can besides help you manage your personal finances and track your spending. Before you open a deposit report, expression at the benefits and drawbacks to determine whether a particular depository financial institution is right field for you .
    To open a TD Bank account, follow the steps below .
    Earn Perks With A New Checking Account

    1. Gather the Necessary information

    federal law requires all fiscal institutions, including TD Bank, to obtain, verify and record information that identifies you. TD Bank will ask for :

    • Your name
    • Legal address
    • Date of parturition
    • Social Security or tax designation issue
    • initial down payment

    You may besides be asked to show your driver ’ mho license or other name documents, such as your pass or military ID. If you give your fluid count to TD Bank, you must agree to accept calls related to the servicing of your account .
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    2. Choose the type of TD Account You Want

    When opening a depository financial institution account for the first base meter, most people will choose to open a check account or a save report — or both. A checking account with a linked debit wag is used for most daily purchases, whereas a savings bill is a safe and fasten way to keep and grow your money .
    TD Bank offers several different match and save accounts :
    Checking Accounts

    • TD Beyond Checking: Loaded with perks ; presently offering new checking account customers a $ 300 bonus
    • TD Convenience Checking : gloomy minimum casual balance requirement ; no monthly maintenance tip with a $ 100 minimum daily remainder ; perks for students ages 17-23
    • TD Simple Checking : No minimum balance ; moo monthly sustenance tip
    • Student Checking : For students ages 17- 23 ; no minimal balance or monthly fees
    • TD 60 Plus Checking : For people 60 or older ; earn pastime and pay no monthly alimony fee with a $ 250 minimum daily counterweight

    Earn Perks With A New Checking Account
    Savings Accounts

    • TD Simple Savings: Offers a depleted monthly tip that can be waived for the first base 12 months
    • TD Growth Money Market : compose checks and gain tiered sake ; get a pace increase when you set up a $ 50 monthly recurring transfer
    • TD Preferred Savings : Rewards your higher balance with tiered concern rates ; get a rate dislodge when you link an eligible TD report

    If you have the funds to meet the minimum lodge for both a see and a savings account, consider it, because having both can be beneficial. You can use your checking bill for any casual expenses and put extra money in your savings to earn interest .
    Related: TD Bank Review: Convenience, Selection and Service
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    3. Fill Out the Online Application or Apply in Person

    If you decide to open a TD Bank account on-line, the summons should be flying and easy. Plus, it can save you a trip to the nearest TD Bank arm. After you ’ ve decided which character of account you need, you ’ ll want to carefully fill out the on-line application .
    Earn Perks With A New Checking Account
    TD Bank will ask if you are a nonmigratory of Canada or the U.S. You ’ ll besides be required to supply your personal details, including :

    • Full name
    • address
    • Contact information, including telephone number and e-mail address
    • proof of designation

    You may prefer to go to a branch to fill out the application rather of completing the lotion on-line. Use this TD branch locator to help you find the branch nearest you .
    If you need aid from a representative, you can reach TD Bank ’ s alive customer service, 24/7, at 888-751-9000 .
    Get Started: How To Open a Bank Account Online
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    TD Bank Checking Account Fees and Features

    different banks have unlike policies when it comes to monthly fees. Some charge high fees, while other banks charge fees but offer customers with an active account the ability to waive fees if they meet certain requirements .
    Below is a breakdown of the fees and features associated with TD Bank ’ s checking accounts :

    TD Bank Checking Accounts at a Glance
    Fees and Features TD Beyond Checking TD Convenience Checking TD Simple Checking Student Checking TD 60 Plus Checking
    Monthly service fee $25 (may qualify to waive fee) $15 (may qualify to waive fee) $5.99 $15 (waived for students ages 17-23) $10 (waived if a $250 minimum daily balance is maintained)
    Minimum deposit to open account $0 $0 $0 $0 $0
    ATM fees $ 0 $ 0 at all TD Bank ATMs ; $ 3 at non-TD ATMs $ 0 at all TD Bank ATMs ; $ 3 at non-TD ATMs $ 0 at all TD Bank ATMs ; $ 3 at non-TD ATMs $ 0 at all TD Bank ATMs ; $ 3 at non-TD ATMs

    Overdraft fee $35 $35 $35 $35 $35
    Benefits Earns interest $150 bonus offer available for new checking accounts Discount on first order of checks $150 bonus offer available for new checking accounts Earns interest

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    TD Bank Savings Account Fees and Features

    TD Bank offers several savings accounts to choose from. Each account lets you earn concern on your money, but each one besides comes with fees, including a monthly service charge, which can be waived by meeting certain requirements .

    TD Bank Savings Accounts at a Glance
    Fees and Features TD Simple Savings TD Growth Money Market TD Preferred Savings
    monthly service fee $ 5 ( $ 4 with on-line statements entirely ) ; fee may be waived $ 12 ( $ 11 with on-line statements only ) ; fee may be waived $ 15 ( $ 14 with on-line statements only ) ; tip may be waived
    minimal lodge to open score $ 0 $ 0 $ 0
    ATM fees $ 0 at all TD Bank ATMs ; $ 3 at non-TD ATMs $ 0 at all TD Bank ATMs ; $ 3 at non-TD ATMs $ 0
    Overdraft tip $ 35 $ 35 $ 35
    annual percentage give 0.05 % 0.35 % 1.50%

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    How To Avoid Unwanted Fees

    many trust accounts require customers to maintain an average daily balance wheel to avoid monthly fees. minimum balances vary by report, so it ’ south authoritative to understand the requirements to avoid fees on your explanation .

    Avoid ATM Fees

    When you use an ATM outside your depository financial institution ’ south network, transaction fees can add up. If you have a TD Beyond checking account, TD Bank will waive your out-of-network ATM fees, and it will reimburse surcharges if you maintain a minimal daily balance of $ 2,500 .
    Earn Perks With A New Checking Account
    If you happen to have an report that doesn ’ t include ATM fee waivers or reimbursements, joint to TD Bank ATMs to save money on fees. TD Bank offers an ATM and ramify locator on its web site .

    Set Up Email Alerts

    Like most banks, some of TD Bank ’ s checking and savings account offerings allow you to keep a minimum monthly or day by day libra in your account to avoid monthly fees. To make certain you don ’ metric ton drop below these minimums, choose in to receive spare balance alerts via electronic mail or the TD Bank fluid app, which works with most Android or io devices .

    Avoid Overdrafts

    To avoid overdrafts, keep tabs on your history libra. besides, keep cut of outstanding checks and scheduled bill payments that will lessen your balance wheel. Using TD Bank ’ mho on-line placard pay services can besides help you keep a close eye on your history counterweight. By using TD Bank ’ second on-line beak give services, you can automatically schedule recurring monthly payments to avoid having multiple bills hit at the same time .
    Read This: 10 Best Online Banks of 2020
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    Benefits of Having a TD Bank Account

    TD Bank offers many benefits to its customers, including hassle-free deposit and longer hours. In addition to check and savings account options, it besides offers an array of other products to help you manage every aspect of your personal finances .
    here are just a few of the many features that TD Bank offers :

    • Online bank and charge give, plus option to receive e-mail alerts on electronic bills
    • Mobile banking app with mobile deposits and access to online statements
    • 24/7 live customer service and automated telephone service

    With TD Bank ’ second on-line application, you have the public toilet of applying for a newly control or savings account from the comfort of your home. Just gather the information you need to provide, and you ’ re on your room to establishing your fiscal goals. TD Bank besides offers a product excerpt tool that can help you choose the best check or savings account for your needs .
    Discover: What You Need To Know About Joint Bank Accounts
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    How Does TD Bank Measure Up?

    Check out how TD Bank measures up to other banks in terms of features and requirements associated with basic savings and checking accounts :

    TD Bank vs. Other Top Banks
    Features and Requirements TD Bank Bank of America Chase Wells Fargo U.S. Bank
    Initial Deposit $0 $25 for Advantage SafeBalance Banking $0 $25 $25
    Length of Time To Open Account Online approval within minutes Online approval within minutes Online approval within minutes Online approval within minutes Approval within a few days
    Features Online and mobile banking; bill pay; debit card Virtual financial assistant available on mobile app; mobile banking; bill pay; debit card Online bill pay and mobile banking; debit card Debit card; account alerts; 24/7 fraud monitoring; mobile banking Debit card; online and mobile banking
    Basic Savings Interest Rate 0.05% APY to 1.50% APY 0.03% APY to 0.06% APY 0.01% APY 0.01% APY 0.01% APY

    Also Check Out: 5 VIP Private Banking Services You Never Knew Existed
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    Monitoring and Protecting Your TD Bank Account

    identity larceny was the one-third most common charge reported to the Federal Trade Commission in 2018. Don ’ t become one of the statistics. Take action to monitor your TD Bank account and protect it against fraud, so you can avoid risk, including possible loss. here ’ randomness how :

    • Sign up for identity theft protection
    • Monitor your mail if you receive paper statements; notify your bank if statements don’t show up in your mailbox
    • Review all bank statements
    • Check credit reports at least annually
    • Shred bank documents
    • Secure your computer; avoid using public Wi-Fi
    • Secure your Social Security number, passwords and PIN numbers

    Contact TD customer service at 888-751-9000 if any of these situations occur :

    • You receive a deceitful e-mail concerning your bank account
    • You disclosed confidential data about your bill to the improper party
    • You have questions about on-line security system for any of your TD Bank accounts

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    Is TD Bank Right for You?  

    Opening your first gear bank account can be very satisfying. After all, it ’ randomness one of the beginning steps to fiscal security and managing your money. If you apply on-line at TD Bank ’ s web site, you can open your report promptly, make your first deposit and even set up direct deposit .
    Bill paying is easily and dependable, and when you download the TD Bank app, you can track your spend and turn on alerts. Get the most out of your accounts by finding information on all of TD ’ mho banking services at its web site. And don ’ t forget to look into trust promotions. The right forwarding might make your decision about which history to choose much easier .
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    More From TD Bank
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    information on accounts and rates is accurate as of Oct. 11, 2019. Fees and rates are subject to change.

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