TD Bank summary
- Wide range of banking services
- Physical branches are open 7 days a week
- Supports mobile check scanning and transfers
- Most branches are on the East Coast
- Lower interest rates than competitors
TD Bank at a Glance
Monthly Account Fee: $5 to $15 (can be waived)
|Personal loans available||Yes|
|Credit card available||Yes|
|24-hour customer service||Yes|
|Minimum balance for APY||$0.01|
Advantages Over Traditional Banks
TD Bank combines many of the benefits of online banking with the infrastructure of traditional banks. This bank offers a variety of products, including checking and savings accounts, personal loans, mortgages, IRAs, and credit cards, all of which can be managed online or through the TD Bank mobile app.
At the same time, you have the option to visit more than 1,300 physical bank branches, the majority of which are open 7 days a week. TD Bank also offers 24/7 customer support, so you can get help with your account whenever you need it.
Cutting-Edge Banking Services
TD Bank’s mobile app enables you to deposit checks at any time simply by scanning them with your phone. You can also use the free mobile bill pay center to pay all of your bills online, including the ones that require TD Bank to mail a paper check on your behalf. Of course, the app also makes it simple to transfer money between your checking and savings accounts at TD or to any other TD Bank accounts.
Traditional Banking Services
TD Bank was a traditional bank before it moved into online banking. This bank has over 1,300 physical branches, although most of them are on the East Coast. The majority of branches are open 7 days a week and for extended hours, making it easier to visit if you work during typical banking hours.
TD Bank also has nearly 2,000 ATMs on the East Coast. Depending on your account type and current balance, the bank will even reimburse you if you use a competitor’s ATM.
You can use TD Bank for more than just checking and savings, too. The bank supports personal loans and mortgages as well as IRAs. In addition, TD has several reward credit card options.
Interest Rates and Fees
TD Bank has a variety of different account tiers, which can make it slightly confusing to get started.
For checking, the options are:
- Simple account: comes with a $5.99 monthly account fee and no balance requirements.
- Convenience: has a $15 monthly account fee, but it’s waived if you keep a balance of $100.
- Beyond: also has a $15 monthly account fee, but it can be waived if you have a balance of $2,500 or receive direct deposits totaling at least $5,000 per month.
The advantage of the Beyond account is that you get 2 free overdrafts per year, reimbursed ATM fees, and 0.01% interest.
For Savings, the options are Simple, Beyond, and Growth. All three have a monthly account fee of $15, but it is waived if you link a Beyond checking account. Interest rates start at 0.01% up to $20,000.
No balance requirements
Waives account fees
Reimburses overdraft and ATM fees
Low minimum balance
Reimburses ATM fees & tiered interest rates
Growth Money Market
Tiered interest rates
TD Bank offers customer service over the phone 24/7. You can also visit a physical branch to get help with your account.
TD Bank’s mobile app is a key part of the online banking experience. It offers instant check deposits, seamless money transfers, and a mobile bill pay center. You can also link your debit or credit cards from TD Bank to manage all of your finances in a single place.
TD Bank offers two-factor authentication and fingerprint authentication to enable you to securely log into your account. You can also lock and unlock your debit or credit cards in seconds from the mobile app if they’re ever lost or stolen. TD Bank also sends SMS or email alerts whenever there is unusual activity in your account.
TD Bank combines the qualities of both physical and online banking. This bank offers a wide variety of services, including checking and savings, loans and mortgages, IRAs, and credit cards. If you live on the East Coast, you can take advantage of TD’s 1,300-plus branches.
TD doesn’t offer the most competitive interest rates if you have a small account balance, but we appreciate that it’s easy to waive your monthly account fee and take control of your finances through the mobile app.