TD Bank offers bonuses to new checking account customers of $300 or $150, depending on which checking account you choose.
With TD Beyond Checking, you can earn $300 by having $2,500 in direct deposits within 60 days of opening the account. This checking account earns interest.
You can earn $150 with TD Convenience Checking, by having $500 in direct deposits within 60 days of opening the account. TD Convenience Checking does not earn interest.
If you already have a TD Bank checking account, you may qualify for a $200 bonus for opening a TD Bank Beyond Savings or Simple Savings account by depositing $20,000 or more in new funds within 20 days and maintaining a balance of at least $20,000 for 90 days.
The fine print: Once the offer criteria are met, bonus will be credited to your account no later than 140 days after account opening. Account must remain open, active and in good standing through the qualifying period; if the account is closed by the customer or by TD Bank within six months of opening, TD Bank reserves the right to deduct the bonus from the account balance at closing.
These checking accounts are available to residents of: CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT or VA.
Offer period extends to August 3, 2021.
Frequently Asked Questions
Should I switch banks to claim a new account bonus?
Although the idea of basically being paid to open a new bank account is an attractive one, qualifying for a bank bonus is not a sufficient reason—on its own—to start a new banking relationship. You also want to review any fine print attached to the bonus offer to be sure it’s worth the effort—and that you’ll maintain the account long enough to collect the bonus.
Deciding whether or not to switch banks includes more than just a single attractive account. Consider whether the particular bank bonus is offered by a bank that will provide the other accounts and services you’ll need, as well as good physical and/or digital access to your money.
How do I choose a bank account?
Your primary bank account provides the foundation for your other financial choices. With so many types of accounts on offer from traditional brick-and-mortar banks, online banks and credit unions, it’s important to identify your goals before you sign up for an account. Consider these questions before opening a checking account.
The best bank account for you will provide the right balance of APY (annual percentage yield), minimal or low fees and the online and mobile banking features you desire.
How do I open a checking account?
Whether you choose a traditional brick-and-mortar bank, an online bank or a credit union, the process for opening a bank account will be similar. You likely will have the option of applying either in person at a branch or applying via an online form. In many cases, it only takes a few minutes to submit the required information.
Be prepared to provide a government-issued ID, such as a driver’s license, if you’re applying in person, and your Social Security number or Individual Taxpayer Identification Number. The bank or credit union also will ask for your date of birth and contact information, including your address and phone number.
What about multiple bank accounts?
It’s not unusual to have more than one bank account, or even to use the services of more than one bank or credit union. While your primary transaction account will be a checking account, your banking relationship likely includes multiple accounts for different purposes, such as saving.
How many checking accounts you should have is a personal decision. You also may choose to have multiple savings accounts for different savings goals. Some online banks also offer the option to divide your savings—within a single savings account—by offering digital areas (which may be referred to as envelopes or buckets) for each individual savings goal.
