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This bank has affordable maintenance fees for different people.
TD Bank was founded in 1852 in Toronto, Canada and established since 2013 in Cherry Hill, New Jersey. Its main operation is on the East Coast, in fifteen US states and Washington DC This option promotes itself as “the most convenient bank in the United States”.
There are divided opinions about TD Bank: while its detractors point to the website’s fickle performance, low throughput rates, and high fees that make it less than satisfactory to some, others celebrate its excellent customer service, the perfect website performance and convenient access to all online services.
If you wish to open a bank account with TD Bank, you will require:
- Your name
- Your address
- Date of Birth
- Social security number or tax identification
By tax identification, it is possible to open an account as an undocumented immigrant based on the individual taxpayer identification number (ITIN), which is used by taxpayers who are not US residents to file their taxes with the IRS. In addition, you may be asked for your driver’s license or other identification documents such as your passport or military ID.
The above requirements apply to open a bank account at any of the TD Bank branches or through its website td.com.
Types of TD Bank checking accounts
All TD Bank checking accounts do not require an initial deposit, you are free to obtain cash at their ATM network, if you withdraw money outside the network you are charged a fee of $ 3 dollars plus the charges of the bank that owns the ATM ( except TD Beyond Checking) and a $35 overdraft fee.
It has a rate of $5.99 dollars per month, regardless of the balance you have. This can be an advantage so that you do not feel obliged to cover a minimum amount to avoid fees that can usually be around double this amount. In addition, with this account, one of the most accessible on the market, you have benefits in other products within the same bank, such as a 0.25% discount on personal and mortgage-backed loans.
Considered within the TD page as the company’s most popular account. It has a fee of $15 dollars per month that, unlike the previous one, can be avoided if you maintain a minimum daily balance of $100 dollars during the month. In addition, if you are a student between 17 and 23 years old, you do not pay a fee or require a minimum balance, among other benefits.
It is the account with the highest benefits, but also with the most maintenance requirements. There is a $25 fee that can be avoided if you: have direct deposits of $5,000 each month, minimum daily balance of $2,500, or a combined balance on all your TD accounts of $25,000 per month. With this account you are reimbursed for any fees you incur for withdrawing cash at any out-of-network ATM, as long as you maintain the above minimum criteria. In addition, it handles different percentage yield rates depending on how many funds you have in your account.
It also has a checking account for students from 17 to 23 years old, with no minimum balances or monthly fees and the TD 60 Plus Checking account especially designed for people over 60 years of age, where interest is earned and maintenance fees are not paid maintaining a balance. $250 daily minimum.
If you require more information, you can visit their website or call 1-888-751-9000.