TD Bank checking accounts are standard options compared to the best checking accounts.
Business Insider's personal finance team found 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 an online bank.
TD Bank Checking Account Options
TD Bank has over 1,100 branches and 2,600 ATMs along the East Coast. The bank has three primary checking options: TD Bank Essential Banking, TD Bank Complete Checking, and TD Bank Beyond Checking Account.
TD Bank Essential Banking
The TD Bank Essential Banking is best for anyone between the ages of 13 to 17 because it waives the monthly service fee for this age group and is a checkless bank account.
It also might be a good option if you want to avoid overdraft fees entirely. However, be aware that your transactions may be declined if you try to overdraw from your account.
TD Bank Complete Checking
TD Bank Complete Checking is a good choice if you meet the requirements to waive the $15 monthly service fee.
There are a couple of ways to waive the fee. You can receive monthly direct deposits of $500 or more, maintain a minimum daily balance of $500 or more, or have a daily combined balance of $5,000 or more across linked bank accounts. The fee is also automatically waived for anyone between ages 17 and 23.
You also might like this account if you're looking for a checking account bonus. The TD Bank Complete Checking Account offers a $200 when you have $500 in qualifying direct deposits within 60 days (offer expires May 31, 2025)
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, 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 May 31, 2025).
Overview of TD Bank Checking Accounts
| TD Essential | TD Complete | TD Beyond | |
| Minimum opening deposit | $0 | $0 | $0 |
| Interest earned | None | None | 0.01% Annual Percentage Yield (APY) |
| Monthly service fee | $4.95 monthly service fee; can be waived | $15 monthly service fee; can be waived | $25 monthly service fee; can be waived |
| Early direct deposits feature | Yes | Yes | Yes |
| Out-of-network ATM fee | $3 | $3; No ATM fees if you're between the ages of 17 through 23 | $0; refunds provider fees if your balance is $2,500 |
| Overdraft fees | None | $35; overdraft protection options available | $35; overdraft options available |
| Cash bonus for new customers | None | $200 | $300 |
| Start Banking | Start Banking | Start Banking |
TD Bank Checking Key Features and Benefits
TD Bank Minimum Balance Requirements
TD checking accounts can be opened with $0 upfront. However, you should still plan to deposit in the first 45 days to avoid an account closure.
TD Early Pay
TD Bank has a feature for checking and savings account customers called TD Early Pay. Customers can get eligible direct deposits up to two business days early.
TD Bank defines eligible direct deposits as employer paychecks, government benefit payments, tax refunds, military pay, and pensions.
You won't need to enroll to receive early direct deposits. It'll be automatically applied if the funds are available early.
TD Bank Overdraft Protection Services
The bank has several overdraft protection services to help you avoid overdraft fees.
With Grace Period, TD Bank 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.
TD Bank Federal Insurance
TD Bank is a federally insured financial institution. This means that if a bank failure occurs, your deposits are FDIC insured for up to $250,000, or $500,000 for joint accounts.
The FDIC will make sure your insured deposits are safe. Your money will either be moved to another FDIC-insured financial institution or the money mailed to you through a check.
TD Bank Checking Fees and Charges
TD Bank does not have any fee-free checking accounts. All the checking options at least have monthly bank maintenance fees to be mindful of.
TD Bank Complete Checking offers the most ways to waive monthly service fees. That said, TD Bank Essential Banking has the lowest monthly service fee out of three options.
You'll also want to review each account for overdraft fees before choosing an account.
TD Bank Essential Banking doesn't charge any overdraft fees, but TD Bank Complete Checking and TD Bank Beyond Checking do. TD Bank charges a $35 overdraft fee, up to three times per day. You can avoid paying overdraft fees on TD Bank checking accounts by using one of the bank's overdraft protection options.
Customers won't be charged fees at TD Bank ATMs. If you use a non-TD Bank ATM, though, you might have to pay a $3 out-of-network fee, depending on your account.
TD Bank Essential Banking doesn't have a way to automatically waive ATM fees. TD Bank Complete Checking waives ATM fees if you're between the ages of 17 through 23. Lastly, TD Bank Beyond Checking waives ATM fees if you maintain a $2,500 minimum daily balance.
In general, the best online banks will likely offer more appealing options for avoiding fees. Some banks do not charge monthly service fees, overdraft fees, or ATM fees in any situations.
TD Bank Additional Banking Services
TD Bank has several other bank account options. You can choose from two types of savings accounts and three different types of CDs. The bank also has personal loans and a variety of home loans and credit cards.
TD Bank User Experience and Accessibility
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 4.0 out of 5 stars in the Google Play store.
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 D+ rating due to government action taken against the bank.
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 Checking Pros and Cons
TD Bank Checking Pros
- Access to a sizable regional branch and ATM network
- Low minimum opening deposit requirements
- Monthly service fees waivable if you meet requirements
- Checking account bonus options
TD Bank Checking Cons
- Checking accounts have monthly service fees
- Possible to get charged overdraft fees and ATM fees
TD Bank Checking Account Alternatives
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.
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 bank 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 all accounts. You can find options in the best banks for avoiding overdraft fees.
Opening a TD Bank Checking Account
To open a bank account, you must provide a US ID and Social Security number to verify your identity. You must be 18 years old to open a bank account online. If you are opening a bank account for a minor, you'll have to visit 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 one 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, miscellaneous features, and security and ethics of a company.
TD Bank Checking FAQs
What sets TD Bank checking accounts apart from competitors?
TD checking accounts may stand out if you live on the East Coast and want a traditional checking account with a $0 minimum opening deposit. It also may be worthwhile if you want to receive early direct deposits.
Can I open a TD Bank checking account with no minimum deposit?
You can open a TD checking account with $0. Your account might be considered closed if a deposit hasn't been made within the first 45 days, though.
Are there ways to waive the monthly maintenance fee on TD Bank checking accounts?
You may be able to waive the monthly service fee for TD Bank Essential Banking, TD Bank Complete Checking, and TD Bank Beyond Checking Account if you meet certain age or minimum balance requirements.
Does TD Bank offer digital banking solutions?
TD Bank offers digital and mobile banking. The national banking ranks highly in online banking satisfaction but received mixed ratings for mobile banking, according to J.D. Power studies.
How does TD Bank support its checking account customers?
For general assistance on banking, TD Bank has 24/7 customer support by phone or live chat.
***The Annual Percentage Yield (APY) is accurate as of 04/01/2025. The base and promotional interest rate and corresponding APY for Axos ONE Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE Savings is variable and is set at our discretion. Axos ONE Savings is a tiered variable rate account. Axos ONE Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings. Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below. The Axos ONE Checking account will earn a base rate of 0.00% APY. The Axos ONE Savings account will earn a base rate of 1.00% APY. Axos ONE accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE Checking and Axos ONE Savings, the Axos ONE Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period: Option 1 1. Your Axos ONE Checking account has received qualifying direct deposits of at least $1,500 in total. 2. The average daily balance of your Axos ONE Checking account is at least $1,500. Option 2 1. Your Axos ONE Checking account has received qualifying deposits of at least $5,000 in total. 2. The average daily balance of your Axos ONE Checking account is at least $5,000. If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period: The Axos ONE Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met. The Axos ONE Savings account will earn a promotional rate of up to 4.66% APY for the statement cycle in which the requirements are met. The Qualification Period is from the 1st of the month through the 25th of the month. The Qualification Period for new accounts will begin on the day the account is approved. Any qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. Other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.) or person-to-person payments are not considered a direct deposit. Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder's Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds. Both accounts must be in an open and active status on the date the interest is paid to receive the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.
