6/21/2023
We'll never blame you if you decide to leave your old bank and become a TD Bank customer, because TD Bank is one of the top 10 banks in the U.S. and one of the largest institutions on the East Coast.
Along with more than 1,200 branches, it offers attractive promotions. Want to know how to open an account at TD Bank and what are the requirements? Find out below.
Requirements to open an account at TD Bank
Banking has become simpler over time, and it's not as time-consuming as it used to be. The basic requirements usually include being of legal age and residing where the bank operates. Along with this, there are a few other things you need to comply with:
- Driver's license
- Social Security number
- Valid email address
- Account holder and routing number for the initial deposit
How to open an account at TD Bank?
Once you have the above requirements, it's a matter of choosing the method of opening your TD Bank checking or savings account. This is a process you can do at the branch nearest you or through the online form. There are only 3 steps to complete:
- Decide which account is right for you.
- Gather the necessary documents for the process.
- Fill out the application online or at the branch of your choice.
- If everything is correct the same day you can have your new bank account active.
Opening an account with TD Bank will take less than 15 minutes.
Savings Accounts offered by TD Bank
If you haven't reviewed the reviews we've done for this bank, you should know that they offer 2 savings account options: Simple Savings and Signature Savings. Both options apply a monthly maintenance fee, which you can avoid by meeting certain requirements.
With the TD Simple Savings account the conditions are easier to meet, but its profitability is also lower than with the Signature.
TD Bank Checking Accounts
When it comes to checking accounts, this bank offers you several options:
- TD Simple Checking. Considered the best alternative for new customers because it has a monthly maintenance fee of $5.99, which you can't avoid, but you save on other fees.
- TD 60 Plus Checking. This interest-bearing account charges a $10 monthly fee, but you don't pay it when your monthly balance is over $250.
- TD Beyond Checking. The most comprehensive, it has a $25 monthly fee that you can waive under one of 3 conditions: direct deposits, balance over $2500 or combined balances totaling more than $25,000. Plus, free paper statements, no ATM fees and overdraft reimbursement.
- TD Essential Banking. This instrument has the lowest maintenance fee (4.99%) and those between the ages of 13 and 17 do not pay it. An important benefit is its integration with Zelle.
- TD Convenience Checking. This is one of the most popular options because although it has a $15 maintenance fee, you can avoid it with a balance over $100.
With this financial institution you can also open a student account or a joint account.
TD Bank Account Opening Promotions
TD Bank is known for offering several promotions throughout the year. These vary on the different accounts offered and usually have expiration dates, although they are often extended. Here are the ones that are currently active:
$200 with the TD Simple Savings Account
To obtain this gift, you must first apply to open the account as a new customer. Then you must deposit $10,000 within 20 days and maintain this balance for at least 90 days. Once you meet the conditions, they will pass the money on to you within 180 days. This offer expires on October 31, 2023.
You may be interested in: TD Bank Customer Service Phone Number
200 via the TD Convenience Checking Account
Almost the same process: you must first open this account online or in person. The reward requires you to receive direct deposits equal to $500+ within 60 days.
These transactions can be for a government benefit, payroll or pension. Each deposit must exceed $250 and P2P or inter-account transfers do not qualify. You get your money in 180 days and the offer expires October 31, 2023.
300 for opening a TD Beyond Checking account.
In addition to opening, this promotion asks for direct deposits of $2500+ in 60 days, which can be from your paycheck, pension or a federal benefit. After meeting the requirements, you are deposited within 6 months and the offer expires October 31, 2023.
Español: ¿Cómo abrir una cuenta en TD Bank y qué requisitos tiene?