TD Bank is known as one of the biggest banks in the nation. People know them for their extra hours and top-tier customer services. TD Bank even offers lots of different financial products, bank accounts, loans, and other financial utensils their clientele will need.
Additionally, opening a bank account with TD Bank is super simple. Read below for more information on TD Bank and what it takes to open an account with them.
| BONUS LINK | OFFER | REVIEW |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $200 Cash | Review |
| TD Ameritrade | $0 Commissions | Review |
Opening a TD Bank Account
To open an account you can either go in person or do it online. Most customers find it easier and faster to open an account online rather than going in person. When you open a new bank account you will be required to fill out your personal information such as:
- Your driver’s license or state ID
- Have your Social Security Number (SSN)
- Fill out your personal and contact information
- Remember to have money to put an opening deposit for your new account.
However, before you complete the application form, it’s better to pick which account you want before doing so. There are lots of different types of accounts that TD Bank has to offer. If you cannot make your mind up, they have an account selector tool that can assist you in finding the perfect account for you.
To find this utensil, look at the bottom of the checking or savings account page and answer some questions. Then, get a recommendation for an account suited for you.
There are about 4 different checking and 3 types of savings accounts you’ll be able to pick from. Plus, you’ll also be able to combine some of your accounts or use them by itself. Normally, checking accounts come with monthly fees that can be waived if you meet the requirements.
However, the account you won’t be able to waive a monthly fee on is the TD Simple Checking account. Additionally, it doesn’t have a minimum balance included either.
I’ll go over all of the different types of accounts you have to pick from below.
TD Bank Checking Accounts
When you open a checking account, you’ll be able to have access to all of TD Bank’s ATMs and their check deposit options as well. Plus, students and people who are within the age range of 17-23 will receive additional features with a TD Convenience Checking account.
It comes with no monthly fees and minimum balance requirements. However, once you turn 24, you’ll have to pay the account fees or uphold the minimum balances to waive the charges. Here’s a list of a variety of checking account options provided below:
- TD Simple Checking
- TD Convenience Checking
- The TD Beyond Checking
- Lastly, the TD 60 Plus Checking account
By clicking on the links given on each account, you’ll be able to see the most recent bonus offer that comes with that specific account. Plus, it will also have a link that can redirect you to the official TD website to tell you all about the account itself.
TD Bank Savings Accounts
There are 3 different savings accounts you’ll be able to choose from.
- TD Simple Savings
- TD Growth Money Market
- TD Preferred Savings
When you open a new simple savings account, it will come with a decent APY Rate, and a no minimum opening deposit. Normally, it comes with a monthly fee that you can waive if you link it with a checking account, or uphold a recurring deposit each month.
The TD Growth Money Market account will come with a good APY Rate as well depending on how active your account is. They don’t have any minimum balance requirements, and comes with a monthly fee.
Waive the monthly fee when uphold a specific balance or if you’re older than 62.
Lastly, the TD Preferred Savings account comes with a better APY Rate than the other two savings accounts. This higher APY Rate is for when you combine a personal or small business checking account, credit card, home equity, or mortgage with TD Bank.
It doesn’t have a opening deposit minimum and has no ATM fees included. However, it does have a monthly fee that you can waive if you meet their minimum daily balance.
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Conclusion
Overall, when you open a new account with TD Bank you’ll be able to see how much you can benefit from it. There is a big variety of accounts to choose from.
If you’re still indecisive about which account to pick, check their website out and use their account selector tool to help you decide which one is the best option for you.
TD Bank has a great reputation for upholding their customers financial needs and providing great financial products.
