We like a good bank. The difference can be made by a great bank. One of the largest banks in the United States is the Toronto-Dominion Bank. It has an extensive range of banking products and services to meet the needs of individual customers.
One of the more generous banks is the Toronto-Dominion Bank. It’s a great option for those looking for an uncomplicated banking experience if you can find a promotion that has no hidden fees or fine print. The company is constantly coming up with new offers. They try to keep existing customers happy with exclusive deals and rewards.
We are going to take a look at some of the top promotional offers for 2022, as well as a complete breakdown of their offerings. It’s easy to find an account that fits your needs at the bank.
Top TD Bank Promotions for 2022
Here are some of the best bonus offers from the bank.
- TD Beyond Checking: $300 bonus
- TD Bank Checking: $50 referral bonus
- TD Convenience Checking: $150 bonus
- TD Beyond Savings: $200 bonus
- TD Simple Savings: $200 bonus
1. TD Beyond Checking: $300 bonus
Now you can earn a $300 bank bonus for opening a The bank has a Beyond Checking account. The Beyond Checking account is an excellent choice for anyone who wants to take control of their finances and enjoy the convenience of banking on their own terms. You can make $2,500 of direct deposits within 60 days of opening the account. You will be eligible for the bonus offer once you make the qualifying deposits.
This is one of the most attractive offers because you have to meet a low direct deposit threshold to get the reward. You don’t have to maintain a minimum balance in order to take advantage of this offer. Most consumers can make this bonus after just a month of work, making it a no-brainer for people who link their account to their weekly or bi-weekly paycheck from their full-time job. The reward is easy to earn and will help you reach your financial goals quickly.
Beyond Checking is an interest-bearing account that comes with a higher monthly maintenance fee of $25. You can waive the fee if you make $5,000 in direct deposits per statement cycle or maintain a $2,500 minimum daily balance. You can qualify for the fee waiver if you set up a recurring monthly transfer from an external bank account. You can waive the fee if you have a combined balance of $25,000 across eligible accounts. If you want to avoid the fee, you can set up automatic monthly transfers from your bank account to your savings account.
2. TD Bank Checking: $50 referral bonus
TD Bank is running a checking offer with a referral bonus. If you refer a friend to the bank, they will get $50. It’s a win-win situation for you and your friend. Not bad!
If you want to maximize your chance of getting this bank promotion, talk to your friends and family about their bank account. To have a good understanding of the account and its advantages, you should research the bank’s services and policies. You should mention that you will both get a referral bonus when you point them to the bank. You can get great services and products from the bank.
3. TD Convenience Checking: $150 bonus
There is a $150 bonus for new Convenience Checking account holders.
You can potentially earn $150 if you make $500 in direct deposits within 60 days of account opening. You can take advantage of this offer to maximize your savings. Keep reading to learn more about convenience checking. It offers features like free online and mobile banking, free bill pay, and no monthly fees.
4. TD Beyond Savings: $200 bonus
TD Bank offers a chance to earn a savings bonus of $200 by opening a TD Beyond Savings account. To get this reward, you have to deposit at least $20,000. For at least 90 days, the balance must stay at $20,000. The balance can be adjusted according to the needs of the business after 90 days.
Granted, this is a substantial amount to move into a The account is for the $200 promotion. You can use the account for all of your banking needs, not just for the $200 promotion. You should not leave behind a higher interest rate in your other account when exploring this option. Make sure you understand the terms and conditions of the loan before making a decision.
5. TD Simple Savings: $200 bonus
You can also earn a $200 cash bonus when you deposit $20,000 or more in new funds within 20 days with a Simple Savings plan. The balance needs to be maintained for 90 days. The delicate equilibrium of the system is kept in check.
Again, just make sure you are in a position to move the capital into the account. This process may take some time, so plan accordingly. If you have a lot of liquid assets, you should explore your options to make sure you make the right investment decisions. To make an informed decision about your money, you need to research any potential investments and consult a financial advisor.
Are TD Bank’s promotional sign-up bonuses worth it?
At the end of the day, these are still marketing promotions. It’s important to read the fine print and understand the details so that you can make the most of any promotions.
Don’t leave your current bank. Make sure that the new bank is a better fit for you financially by doing your research. It may be more difficult to open a new account just for a bonus offer. The time and effort needed to open a new account may be worth it if the bonus is worth it. The bank’s services and merits should make you want to work with it. The bank is committed to helping its customers achieve their financial goals, so it’s a great choice for anyone looking for an institution to help them manage their money.
If you think of an account bonus as an added perk, find a provider that fits your needs. It’s important to read the fine print on account bonuses to make sure they match your goals. You may wish to keep your previous personal checking account.
Here are some questions to ask yourself:
- Why am I not happy with my bank? I don’t feel like my bank offers me the best options for my financial needs, and their customer service is subpar.
- Is there another way to make the same amount of money? The same amount of bonus money can be generated by offering a higher salary with fewer bonuses.
- Why should I move my money to a new bank?
- Is there any other competing offers?
You are more likely to find the best account bonus if you do your due diligence. It’s important to compare all of the options before making a decision.
Learn More:
TD Bank Offerings: A Breakdown
Here is a breakdown of the current account offerings. The benefits of each account can help you manage your money and make the most of your banking experience.
Top TD Bank checking accounts
TD Beyond Checking account
Beyond Checking has the most perks but a higher monthly maintenance fee. The extra fee may be worth it for people who take advantage of all the features.
You can get rid of the fee by making $5,000 in direct deposits per statement cycle or maintaining a $2,500 minimum daily balance. Free ATM withdrawals and access to exclusive discounts are some of the benefits you can take advantage of. You can waive the fee if you have a combined balance of $25,000 across eligible accounts. If you meet the requirements, you will receive a bonus of 10,000 points.
TD Simple Checking
Simple Checking is a basic, everyday checking account with no minimum balance requirement. The account has online banking access, free in-network ATM use, and optional overdraft protection. Competitive interest rates are offered on balances over a certain amount. It doesn’t appear that there is an option to avoid the monthly maintenance fee. When making a budget, it is important to consider the monthly maintenance fee.
TD Bank Premier checking
If you upgrade your Simple Checking account to Premier Checking, you can enjoy added perks, including full reimbursement of ATM fees, monthly interest payments, and free money orders. You have to maintain a minimum daily balance of $2,500 to avoid the monthly maintenance fee.
TD Convenience Checking account
An entry-level checking account that comes with online banking features and easy payments with Zelle is the TD Convenience Checking. There is a low-cost option for customers who are looking to manage their finances with ease. You can avoid the monthly maintenance fee by maintaining a $100 minimum daily balance. A different account that doesn’t have a monthly maintenance fee can be used if you can’t maintain a $100 minimum daily balance. The fee and balance requirement don’t apply if the account holder is between 17 and 23 years old. Young people who want to take advantage of a bank’s services can do so without having to pay fees or maintain a minimum balance.
Student Checking account
A variety of services are offered by the bank to cater to younger customers. Students and young adults between the ages of 17 and 23 can enjoy all of the features of Convenience Checking with no monthly maintenance fee or minimum balance requirement. It’s an ideal choice for young adults looking to manage their finances without the burden of fees or minimum balance requirements.
Top TD Bank savings accounts
TD Beyond Savings
If you can maintain a sky-high minimum balance of at least $250,000 or more, you can access a modest interest rate of 0.15% through TD Bank’s Beyond Savings program.
This is still lower than many high-yield savings accounts, but it’s better than nothing.
TD Growth Money Market Account
If you have $50,000 to put toward a minimum daily balance, you could access an APY of 0.10% through the TD Growth Money Market program.
This is not terrible for a traditional savings account. If you’re looking for the highest interest rate, a HYSA may be the best option for you.
TD Simple Savings Account
The third tier savings account that TD offers is the TD Simple Savings account, which comes with an APY of 0.02% for all balances.
A $5 monthly maintenance fee is charged for this account. The maintenance fee is deducted from your account balance each month. You can waive it by meeting minimum deposit requirements. You can take advantage of promotional offers from your bank to get around the fee.
CDs
If you’re looking to lock your money into certificates of deposit (CDs) with fixed interest rates, TD Bank has you covered. They offer a three-month CD, a six-month CD, and a 12-month CD. The 18-month CD is up to 0.10% APY and can be used for a slightly longer term commitment.
Unless you are confident you won’t need to touch it for the duration of the term, don’t lock your money into CDs. It’s important to understand the terms of a CD before investing, as early withdrawal penalties can reduce your returns. Fees are charged for accessing funds before the CD matures. If you need the funds before the CD matures, it is important to check with your bank to see if there are any fees associated with early access.
IRAs
In addition to opening deposit accounts, you can also invest your money with TD Bank using an individual retirement account (IRA).
If you’re interested in saving for your future, your options include a Simple Savings IRA, Beyond Savings IRA, Choice Promotional IRA CDs, IRA Add-Vantage CDs, and TD Step IRA CDs. Those looking to get the most out of their retirement savings should check out the TD Step IRA CDs.
Loans
If you’re looking for a loan from a leading issuer, we can help. With competitive rates and flexible repayment options, it’s easy to get the loan you need. Competitive mortgage loans, personal loans, and home equity loans are offered by the company.
Credit cards
It is easy to build and manage credit through the bank. Head over to their credit card section to check out their extensive offers and great rates.
You can get up to 25,000 bonus miles on the First Class Visa Signature Card if you spend $3,000 in the first six billing cycles. A variety of travel benefits can be found on this card, such as complimentary lounge access and discounts from car rental companies. 3x miles on travel and dining are provided by this credit card, with an annual fee of just $89.
Prepaid cards
In addition to credit and debit cards, the company also offers flexible prepaid cards, which are great for teens or to give as gift cards.
The user can use the funds at authorized locations the same way they would use a debit card. Users don’t have to wait for any additional processing because the funds are accessible immediately after loading.
TD Bank Review: The Pros and Cons
Here’s a quick look into some of the advantages and disadvantages of TD Bank
TD Bank Advantages
Convenience
In places like New York, Florida, Connecticut, Boston, the District of Columbia, and Atlanta, you can find a branch of the bank. Customers who prefer to conduct their transactions remotely can use the online banking services of the bank.
The company has a robust online bank platform. Customers can conduct financial transactions from anywhere at any time.
As long as you’re on the East Coast, you should have no problem finding a TD Bank branch.
Saving and retirement investing
You can access both deposit and investing services at the bank.
By having your IRA accessible via the same platform as your online checking and savings accounts, you could have an easier time managing your money and transferring funds into your IRA. You can take control of your finances by having a consolidated view of all of your financial activities.
There are a variety of investing and management services offered by the bank. Helping investors make decisions that best suit their financial goals is provided by the bank.
If you’re interested in learning more about TD Bank’s retirement investing options, check out the bank’s investment center.
Great mobile experience
On-the-go account management can be done with a robust and secure mobile experience. If you have a mobile device, you can easily and securely manage your bank accounts. You can use their mobile app to check your account balance, make transfers, apply for loans, and invest in your IRA, to name a few options.
Some banks don’t have a good mobile app. Many banks are investing a lot of money in their mobile apps to make it easier for customers to banking on their phones. If you enjoy on-the-go banking, you can’t go wrong with TD Bank. All the tools needed to manage your banking needs can be found in the mobile app.
Around the clock customer service
It is possible to get quick access to expert customer representatives at the bank. Online chat, telephone, and email are some of the ways they offer customer service.
It is helpful for customers who travel frequently to places that don’t have any branch locations. Frequent travelers can use theTD Bank mobile app to access their accounts and manage their finances from anywhere.
You can live in Boston and visit the West Coast for work, but you won’t be able to access any branches. You can get help over your mobile device from the bank. You can access your banking services on the go with the mobile app from the bank.
TD Bank Disadvantages
Limited retail locations
Some customers don’t like that the bank is only on the East Coast. If they don’t live in the East Coast region, they can’t access the bank’s services.
You can still open an account if you don’t live on the East Coast. No matter where you are in the world, you will be able to manage your account with a variety of online banking options. You will not have access to branch locations. Most of your financial needs will be met by online banking services.
brick-and-mortar locations aren’t as important as they used to be, and many online-only banks get by just fine. A lot of people prefer the convenience of online banking. Is it possible to get by without in-person support if you know your level of need? If the need for in-person support is necessary, take some time to assess the situation.
High monthly fees
Many of the accounts at the bank have high monthly fees. If customers meet certain criteria, the bank can waive these fees.
The company offers ways to avoid these fees. Extra charges that could be incurred when using their services are important to be aware of. If you don’t know about them, you could get slammed with monthly rates of $25 or more. It’s important to know what the fees are so you don’t end up paying more.
Low interest rates
Customer reviews at the bank are usually stellar, except for interest rates. Customers of the bank have noted that their interest rates are not always competitive, despite the fact that the bank provides excellent customer service and convenient banking options. They are not terrible compared to their competitors. In certain areas, they could still be improved. They are nothing to be excited about. They won’t change the way we live.
You should open a high-yield savings account from an online-only bank like Ally or American Express if you are looking for a better place to park your savings. You’ll be able to build up your savings faster with a higher rate of return than a traditional bank.
Frequently Asked Questions
What is TD Bank?
The Toronto-Dominion Bank is a leading Canadian financial services provider with a multinational presence. It offers a wide range of banking services.
The company began a Portland Savings Bank was established in Maine. The Portland Savings Bank was the first savings bank in Maine and it quickly gained a reputation for being reliable and trustworthy. A series of mergers quickly expanded the organization. The organization became one of the largest in its industry. The company has an extensive list of locations across the East Coast. The bank has a wide range of products and services to meet the needs of its customers.
Does TD Bank offer brokerage services?
Technically, TD Ameritrade is a separate company and a division of Charles Schwab. If you are looking for a top brokerage service, you will not find it with the bank. Before committing to any service, be sure to research other brokerages. You will need to open a separate account. Before opening the account, make sure to review all of the fees associated with it. That is standard for traditional banks. When compared to online banks, customers may have to wait longer to access their funds.
Does TD Bank offer overdraft protection?
When you open a new checking account, you can choose from a variety of protection options. You can use the other banking services offered by the bank to manage your finances more effectively.
An overdraft is when you don’t have enough money in your account to cover a transaction. If you don’t have money in your account to cover the transaction, your bank may allow you to overdraft and cover the cost, but they may charge a fee for doing so.
The bank won’t charge an overdraft fee if you overdraw by less than $5. Beyond that, TD offers a Standard Overdraft Protection service, the Debit Card Advance protection, and a Savings Overdraft Protection plan. The Savings Overdraft Protection plan will help you manage your finances more effectively and protect your savings from accidental overdrafts.
For more information on overdraft protection, check out their offerings.
Does TD Bank have heavy service fees?
You need to be aware of the monthly maintenance fees. You should review your account statements regularly to make sure you don’t get charged unexpected fees. The bank has ways to avoid these charges. There are no monthly fees associated with opening a savings account. Many accounts have large fees compounded over time.
It is a good practice to read the fine print before setting up an account. If you have any questions or need help with your account, it’s important to consider the customer service options available.
Is TD Bank FDIC-insured?
Your account will be protected up to $250,000 if you choose to do so. You can manage your money with a variety of banking services, such as online and mobile banking. Any amount of money up to $250,000 will be protected if something happens to the bank. Deposits in banks that are members of the FDIC are protected by the insurance.
When do TD Bank promotions expire?
There are bonus offers and promotions at all banks. It is important to understand the terms and conditions of any bonus offer in order to take full advantage of them. When the current promotions end, refer to the bank’s website. Don’t forget to read the terms and conditions associated with any promotion.
Does TD Bank have high ATM fees?
Customers are not charged to access their ATMs. Flexible access to cash when you’re traveling is one of the benefits of the company’s reimbursement policy. Employees who need to make cash withdrawals while on the go can use this policy.
The Bottom Line
New customers can’t go wrong with the bank. In many ways, the services are comparable to any other leading bank like Chase, Bank of America and HSBC. Some of the largest financial institutions in the United States are these three banks.
When it comes to opening a new personal checking or savings account, the bank stands out as a top option because of the current promotions. To meet the needs of their customers, the bank is committed to offering competitive rates and services.
The bank isn’t perfect. Customers should review their statements regularly because the bank reserves the right to make mistakes. The interest rates aren’t stellar and there are fees to watch out for. It’s important to compare the terms of different credit cards to make sure you get the best deal. There are ways around the checking and savings fees. One option is to shop around for banks that offer free checking and savings accounts.
If you live on the East Coast and are looking for a new bank account, this bank has a lot to offer. The bank’s customer service team is available to answer any questions you may have.
It is important to make the best decision when choosing a banking partner. Before we make a final decision, we need to do our due diligence and weigh all of our options.
