How to Open a TD Bank Account

Open your TD Bank account with ease. All details in this comprehensive guide. Don't miss the bonus.

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TD Bank, one of the largest banks in the U.S., has a nearly 170-year history. Best known for its extended hours and superior customer service, they offer multiple types of personal bank accounts, loans, and other financing.

How to open a TD Bank account

You can open an account online or in person at a TD Bank location. You will need your:

• Driver's license/state ID
  
• Social Security number
  
• Personal/contact info (date of birth, address, phone number, and email)
  
• Money for an opening deposit (cash, debit card number, or routing and account numbers for another account)

Before you fill out the application, you'll need to decide what type of account you want to open. If you're not sure which account is best for your needs, TD Bank's account selector tool can guide you in the right direction.

Locate this tool at the bottom of the checking or savings account webpage, answer a few questions, and receive your personal account recommendation.

Read on to see all the individual details about each type of account.

Types of Accounts

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TD Bank offers three types of checking accounts and two types of savings accounts, all of which can be mixed and matched or used individually.

All checking accounts charge monthly maintenance fees, but most of those fees can be waived by maintaining a minimum balance or making monthly deposits.

Checking Accounts

All of TD Bank's checking accounts give account holders access to all TD Bank ATMs and mobile or in-person check deposits.

Checking Monthly Fees

TD Essential Banking: Charges $4.95 per month. The account does not require a minimum daily balance and there are no overdraft fees.

TD Complete Checking: Charges $15 per month.

Waive that fee by meeting ONE of these conditions:

• Have $500 or more in direct deposits within a statement cycle; or
  
• Maintain a minimum daily balance of $500; or
  
• Have $5,000 minimum daily combined balance of all deposit
  accounts that you choose to link; or
  
• When the Primary account holder is 17 through 23 years of age

TD Beyond Checking: Charges $25 per month.

Waive that fee by meeting ONE of these conditions:

• Have at least $5,000 deposited via direct deposit every month
  
• Maintain a minimum $2,500 balance every day in the account
  
• Keep a minimum $25,000 daily balance across all TD accounts (including savings accounts, loans, and mortgages)

Savings Accounts

TD Bank has three different savings accounts, all with different interest rates. Each account comes with free mobile deposits and the ability to use any TD Bank ATM. You can also link any TD Bank savings account with a TD Bank checking account to set up overdraft protection.

Savings Account Types and Fees

TD Simple Savings:

• 0.02% APY for all balances
  
• No minimum required opening deposit
  
• Charges a monthly fee of $5

You can waive that monthly fee when you:^[1]

1. Maintain a minimum daily balance of $300
   
2. Are age 18 or younger or 62 or older
   
3. Have your account linked to an eligible TD Beyond Checking Account or TD Complete Checking Account
   
4. Open as an IRA

You can also have the monthly fee waived for the first 12 months by completing a monthly recurring transfer of $25 or more from an eligible and linked TD Bank Checking account.

TD Signature Savings:

• Offers higher APY rates for linking any personal or small business checking account, credit card, home equity, or mortgage through TD Bank
  
• No required minimum opening deposit
  
• Waives non-TD Bank ATM fees, when you maintain a minimum $2,500 daily balance
  
• Charges monthly fee of $15

You can waive that monthly fee by maintaining a balance of at least $10,000 a day or by linking an eligible TD Checking account.

Compare Savings Accounts

High-Yield Savings Premier - 4.46% APY

Learn More

• No account activity or maintenance fees
• $500 minimum opening deposit
• FDIC insured

The annual percentage yield (APY) is accurate as of November 7, 2024 and subject to change at the Bank's discretion. Refer to product's website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY. Member FDIC

Member FDIC

Discover® Online Savings - $200 Cash Bonus

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY924 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 03/13/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding your Account, see FAQs on Discover.com/Bank. See advertiser website for full details.

Get Deal

Expires 3/13/2025

Member FDIC

CIT Bank Platinum Savings - 4.55% APY

Learn More

• 4.55% APY with a balance of $5,000 or more
• 0.25% APY with a balance of less than $5,000
• $100 minimum opening deposit
• No monthly maintenance fee
• Member FDIC

Bottom line

A TD Bank account requires only basic information to set up and offers a variety of perks. While each account charges monthly fees, you can waive most fees by meeting certain criteria. If you're looking for reliable banking services with quality customer support, consider opening a checking, savings, or money market account with TD Bank.

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