TD Bank Promotions Of September 2024: Earn Up To $300 For Opening A New Account

Rebecca Lake is a certified educator in personal finance (CEPF) and a banking expert. She's been writing about personal finance since 2014, and her work has appeared in numerous publications online. Beyond banking, her expertise covers credit and deb.

Rebecca Lake is a certified educator in personal finance (CEPF) and a banking expert. She's been writing about personal finance since 2014, and her work has appeared in numerous publications online. Beyond banking, her expertise covers credit and deb.

Rebecca Lake is a certified educator in personal finance (CEPF) and a banking expert. She's been writing about personal finance since 2014, and her work has appeared in numerous publications online. Beyond banking, her expertise covers credit and deb.

Rebecca Lake is a certified educator in personal finance (CEPF) and a banking expert. She's been writing about personal finance since 2014, and her work has appeared in numerous publications online. Beyond banking, her expertise covers credit and deb.

Brooke Enloe is a banking editor. She is an editor and writer, passionate about producing enlightening content for readers. Her articles are about recent banking news, specifically bonuses and new products. Brooke has written copy for various website.

Brooke Enloe is a banking editor. She is an editor and writer, passionate about producing enlightening content for readers. Her articles are about recent banking news, specifically bonuses and new products. Brooke has written copy for various website.

Brooke Enloe is a banking editor. She is an editor and writer, passionate about producing enlightening content for readers. Her articles are about recent banking news, specifically bonuses and new products. Brooke has written copy for various website.

Brooke Enloe is a banking editor. She is an editor and writer, passionate about producing enlightening content for readers. Her articles are about recent banking news, specifically bonuses and new products. Brooke has written copy for various website.

Updated: Jun 4, 2024, 11:44am

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TD Bank is the ninth largest bank by assets in the U.S. and operates more than 1,100 branch locations along the East Coast, in 15 states and Washington, D.C. The bank looks to attract even more customers by providing generous bonus offers for new accounts.

Customers who open a checking account can earn up to $300, and those opening a savings account can receive up to $200.

TD Beyond Checking

When you have $2,500 in qualifying direct deposits within 60 days

Expires January 1, 2025

When you have $2,500 in qualifying direct deposits within 60 days

Expires January 1, 2025

How to Earn a TD Bank Bonus

TD Bank offers welcome bonuses to new checking and savings account customers. Here’s how to qualify:

• Checking account bonus. Open an account and receive qualifying direct deposits within 60 days.
• Savings account bonus. Open an account and deposit $10,000 or more in new funds within 20 days. Maintain a minimum balance in your account for 90 days from the date of your initial deposit.

Bonus offers are only available for customers depositing new money—that is, money that isn’t currently held in any TD Bank retail deposit account.

Here are the TD Bank new-account promotions currently available. Offer details are accurate as of June 4, 2024.

TD Bank Promotions for 2023

TD Beyond Checking: Earn $300

If you need more from your checking account, consider upgrading to TD Beyond Checking. This account pays interest with an annual percentage yield (APY) of 0.01% and reimburses ATM fees charged by other banks (if you maintain a minimum daily balance of $2,500). There’s a $25 monthly maintenance fee.

• What is the offer? Earn $300 when you open a Beyond Checking account and receive $2,500 in qualifying direct deposits within 60 days.
• What is considered a direct deposit? You qualify if your account receives direct deposits of your paycheck, pension or government benefit.
• When do you receive your bonus? Once you have completed your offer requirements, your welcome bonus will be deposited into your account within 180 days of the account opening date.
• Is there a time limit on the offer? Yes. This offer expires on January 1, 2025.
• Can you avoid the monthly service fee? There are three different ways to get the $25 monthly service fee waived: receive direct deposits of $5,000 or more during a statement cycle; maintain a minimum daily balance of $2,500; or maintain a $25,000 combined balance across your eligible TD Bank accounts.

TD Complete Checking

Monthly Maintenance Fee

3 different ways to waive the $15 monthly maintenance fee, including direct deposits

3 different ways to waive the $15 monthly maintenance fee, including direct deposits

New customers who apply online for a TD Complete Checking account can earn a $200 cash bonus after receiving direct deposits of $500 or more within 60 days.

To qualify for this offer, you must be a U.S. resident and apply for the offer online.

Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA

TD Complete Checking: Earn $200

TD Complete Checking is a basic checking account with fee-free withdrawals at in-network ATMs. The account charges a $15 monthly maintenance fee.

• What is the offer? Earn $200 when you open a TD Complete Checking account and receive $500 in qualifying direct deposits within 60 days.
• What is considered a direct deposit? You qualify if your account receives a direct deposit of your paycheck, pension or government benefit. The direct deposits must be at least $500. Person-to-person (P2P) transfers from apps like Zelle and Venmo don’t qualify, nor do bank transfers between your TD accounts and accounts at other banks or brokerage houses.
• When do you receive your bonus? Once you have completed your offer requirements, your welcome bonus will be deposited into your account within 180 days of the account opening date. Is there a time limit on the offer? Yes. The offer expires on June 30, 2024.
• Can you avoid the monthly service fee? There are three different ways to get the $15 monthly service fee waived: receive direct deposits of $5,000 or more during a statement cycle; maintain a minimum daily balance of $500; or maintain a $50,000 combined balance across your eligible personal deposit TD Bank accounts you choose to link.

TD Simple Savings: Earn $200

If you are looking for a no-frills savings account with a low minimum balance requirement, consider TD Simple Savings. The TD Simple Savings account pays interest (0.02% APY) and features fee-free cash withdrawals at in-network ATMs. It carries a $5 monthly maintenance charge.

• What is the offer? Earn $200 when you open a TD Simple Savings account, deposit $10,000 or more in new money within 20 calendar days, and maintain a balance of at least $10,000 for 90 days from the date of your deposit.
• When do you receive your bonus? Once you have completed your offer requirements, your welcome bonus will be deposited into your account within 180 days of the account opening date.
• Is there a time limit on the offer? Yes. This offer expires on June 30, 2024.
• Can you avoid the monthly service fee? TD Bank offers several ways to avoid the $5 monthly maintenance fee. You can receive a fee waiver if you are under age 18, older than 62, or do any of the following:
  • Maintain a $300 minimum daily balance.
  • Link your savings account to a TD Bank Checking account (if you’re under 24 years old).
  • Make recurring transfers of $25 or more from a linked TD Bank checking account.

  TD Signature Savings: Earn $200

  You can earn a little more interest (0.01% to 4.00% APY) and avoid out-of-network ATM fees by opening a TD Signature Savings account. You’ll be reimbursed for ATM fees charged by other banks if you maintain a minimum daily balance of $2,500. And there’s no charge for money orders, bank checks, stop payment orders and incoming wire transfers. The account comes with a $15 monthly maintenance fee.

  • What is the offer? Earn $200 when you open a Signature Savings account, deposit $10,000 or more in new money within 20 days of account opening, and maintain a balance of at least $10,000 for 90 days from your deposit.
  • When do you receive your bonus? Once you have completed your offer requirements, your welcome bonus will be deposited into your account within 180 days of the account opening date.
  • Is there a time limit on the offer? Yes. This deal expires on June 30, 2024.
  • Can you avoid the monthly service fee? You won’t have to worry about the $15 monthly maintenance fee if you maintain a $10,000 minimum daily balance, link to an eligible TD checking account or open the savings account as an IRA.

  What Else Should You Know About TD Bank Bonus Offers?

  TD Bank May Take Back Your Bonus If You Close Your Account

  If you receive a welcome bonus for opening a TD checking or savings account, keep your account open for at least six months. Should you close your account within six months after opening it, TD Bank may deduct the amount of the bonus you received when you close your account.

  Your TD Bank Bonus May Be Taxable

  Typically, banking bonuses are considered income for tax purposes because, unlike credit card bonuses that require you to charge a certain amount of purchases, bank account cash can’t be considered a rebate on spending. TD Bank advises that it may report the value of your TD bank sign-up bonus to the IRS on a 1099-MISC or other form.

  TD Bank Bonuses Are for New Customers and Can Only Be Earned Once

  TD Bank’s new-account bonuses are available to new customers who have not held a similar account type at TD Bank within the previous 12 months. You won’t receive a checking account bonus if you’ve had a personal checking relationship with TD Bank within the last year. If you want to receive a savings account bonus, you must not have had a personal savings or money market account at TD within the past 12 months.

  TD Bank bonuses are available to customers only once. If you have ever received a TD Bank bonus for a checking or savings account, you are not eligible to receive a bonus for that same type of account again.

  TD Bank Has a Limited Retail Footprint in the US

  TD Bank offers branches (“TD Bank Stores”) in 15 East Coast states and Washington, D.C. And its ATM network is relatively limited, with a little more than 700 ATMs throughout the U.S. If you expect to need to visit a bank in-person, be sure that you live within TD Bank’s region.

  Find The Best High-Yield Savings Accounts Of 2024

  Bottom Line

  Exploring TD Bank bonus offers might be worth your time if you’re interested in changing banks or simply want to open a new checking account. You can get the convenience of online and branch banking if you live in an area where the bank has branches.

  With several checking account bonus options to choose from, it’s easy to find one that fits your needs. Keep in mind that TD Bank promotions and offers are subject to change, so you may want to cash in on them sooner rather than later.

  Frequently Asked Questions (FAQs)

  How long does it take to get the $300 bonus from TD Bank?

  If you qualify for a TD Bank new account bonus, the bonus will be credited within 180 days of account opening. Should the 180-day window pass and you haven’t received your TD Bank bonus yet, you should call customer support or visit your nearest branch for assistance.

  How do I redeem a sign-up bonus from TD Bank?

  There’s nothing special you need to do to redeem a TD Bank checking account bonus. If you meet the requirements to earn the bonus, the amount you’re eligible to receive is credited to your TD Bank account automatically. You can spend the money, use it to pay bills or transfer it to a TD Bank savings account or a high-yield savings account at any online bank.

  How do I get $400 from TD?

  To get a TD Bank new account bonus, you’ll need to meet certain requirements, starting with your initial deposit. You’ll then need to maintain a minimum balance requirement for a set period. The amount you’ll need to deposit and the minimum balance requirements may differ for each TD Bank sign-up offer. The promotions also can change, so a $400 bonus may not always be available.

  Who is eligible for the TD Bank Bonus?

  TD Bank bonuses are for new customers only, so if you already have accounts with TD or have had them in the past, you won’t be eligible. You’ll also need to meet the eligibility requirements specified by the bank to qualify for a welcome bonus.