TD Bank Has $50/$150/$300 Checking Bonuses and $100 Savings Bonus

POSTED ON BY

Deal Summary: $50 Simple Checking bonus; $150 Convenience Checking bonus; $300 Premier Checking bonus; $100 Select Savings bonus.

Availability: Checking bonuses are available only to residents of CT, DC, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VA, and VT.

TD Bank, National Association (TD Bank) is now offering a variety of checking bonuses, including a $50 Simple Checking bonus, a $150 Convenience Checking bonus, and a $300 Premier Checking bonus that are available new checking customers. TD Bank is also offering a $100 bonus when opening a new Select Savings account.

When I last wrote about TD Bank’s bonuses in November, there were no dates mentioned, but the Important Disclosures now state that a “new personal checking account must be opened between February 6th and March 11th.”

$50 Simple Checking Bonus

  • Open a new Simple Checking account online or in-branch.
  • Have at least $500 in debit card purchases with 90 days of account opening.

$150 Convenience Checking Bonus

  • Open a new Convenience Checking account online or in-branch.
  • Have at least $500 in cumulative Direct Deposits* within 90 days of account opening, OR
  • Earn $50 by having at least $500 in debit card purchases with 90 days of account opening.

$300 Premier Checking Bonus

  • Open a new Premier Checking account online or in-branch.
  • Have at least $2.5k in cumulative Direct Deposits* within 90 days of account opening, OR
  • Earn $50 by having at least $500 in debit card purchases with 90 days of account opening.
*Qualifying direct deposits are recurring electronic deposits of your paycheck, pension
or government benefits (such as Social Security) from your Employer or the Government.
Person-to-Person and bank transfers between your TD Bank accounts or accounts you
have at other financial institutions or brokerages do not qualify.

$100 Select Savings Bonus

  • Open a new Select Savings account online or in-branch.
  • Deposit at least $20k of new money within a week of account opening.
  • Maintain a minimum average balance of $20k for the first 90 days.

Fees

  • Simple Checking - $5.99 monthly fee, not waivable.
  • Convenience Checking - $15, waived with $100 minimum balance.
  • Premier Checking - $25, waived with $2.5k minimum balance.
  • Select Savings - $15, waived with $15k minimum daily balance.

General Requirements

  • Available only online and in-branch to new customers, defined as those “who do not have an existing or prior relationship with TD Bank.”
  • One checking and one Select Savings bonus per customer and cannot be combined with any other offer.
  • After the Direct Deposit criteria is fulfilled, the checking bonus will be credited to the new checking account no later than 125 days of account opening.
  • After the 90-day $20k average balance has been met, the $100 Select Savings bonus will be credited to the new Select Savings account no later than 125 days of account opening.
  • Accounts must be “open, active, in good standing, and in the same product type through the qualifying period to receive the bonus.”

Availability

Headquartered in Wilmington, Delaware, TD Bank’s market area includes Connecticut, the District of Columbia, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Virginia, and Vermont.

As stated above, applying for a $50, $150, or $300 checking bonus, or a $50 Select Savings bonus can done online, or at any of more than 1,300 branches located on the East Coast from Maine to Florida. According to the fine print, “Accounts opened via phone do not qualify” for bonuses.

Bank Overview

TD Bank, National Association has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 4.77% (excellent), based on September 30, 2016 data. In the past year, TD Bank has increased its total non-brokered deposits by $13.22 billion, an excellent annual growth rate of 6.53%. Please refer to our financial overview of TD Bank, National Association for more details.

Founded in 1852 as the Penobscot Savings Bank in Bangor, Maine, TD Bank has gone through seven name changes, 29 acquisitions, and three headquarter relocations in the past 39 years. TD Bank is currently the ninth largest bank in the country, with assets in excess of $264 billion and more than 15.9 million customer accounts.

How the $100 Select Savings Bonus Compares

Assuming the required $20k minimum balance is maintained for three months in a Select Savings,

  • $20k in a Select Savings account for three months = $100 bonus + $7.50 interest
  • $20k in a 1.0% Savings Account for three months = $49.81 interest
  • Other Bank Promotions and Bonuses

    Not eligible for TD Bank’s checking or saving bonuses? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Promotions Forum.

    The above rates are accurate as of 2/8/2017.

    Comments
      |     |   Comment #1
    What counts as direct deposit besides payroll, pension, and government benefits from employer or government agency?!?
    TD Bank Has Online $150/$300 Checking Bonuses
    Availability: Checking bonuses are available only online to residents of CT, DC, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VA, and VT.

    In the past year, I've written about TD Bank, National Association (TD Bank) checking bonuses that have been offered in conjunction with the opening of new branches. While those bonuses were essentially a gift for opening a new account, they were limited to the specific new branch and required an in-branch visit.

    TD Bank is now offering a $150 Convenience Checking bonus and...

    Continue Reading
    TD Bank Offers $150 Visa Gift Card At 3 New York Branches

    UPDATE 10/23/2015: Same promo available now through November 22, 2015, at new TD Bank branch at 175 Varick Street (NYC, Greenwich Village area).

    Availability: Three new branch locations in New York City and Brooklyn.

    At the risk of dating myself, I can remember when you went into a bank to open a new account, you walked out with a toaster.

    Three newly-opened New York TD Bank, National Association (TD Bank) branches have upped the ante: now through October 18, 2015, when you open a TD Premier Checking account (minimum $2.5K...

    Continue Reading
    TD Ameritrade Online Cash Services Account & Bonus Review

    Several online brokers now provide checking account services with their brokerage accounts. A popular one is Charles Schwab and its Schwab Bank High Yield Investor Checking. Also popular is Fidelity Cash Management Account. Both offer FDIC-insured accounts, no monthly fees, free checks and ATM fee reimbursements. TD Ameritrade has joined in with its Online Cash Services. Like Schwab and Fidelity, TD Ameritrade offers FDIC protection, no monthly fees, free checks and ATM fee reimbursements. TD Ameritrade is now offering an extra incentive for its Online Cash Services. TD Ameritrade brokerage...

    Continue Reading
    TD Bank's Elite Savings Account Promotion
    TD Bank is offering a promotion on its Elite Savings Account with a 1.50% APY guaranteed for 3 months. Minimum daily balance of $10,000 must be maintained to qualify for the 3-month guarantee, and new money is required. Also, a TD Bank checking account is required. The offer is scheduled to end on November 30, 2009. Refer to the bottom of the bank's savings account page for the full details. The account has a $12 monthly maintenance fee if you don't meet the $10K balance requirement or if you are...
    Continue Reading
    $100 TD AMERITRADE Deposit Account Bonus

    Update 2/28/2010: The new expiration date is now 3/31/2010.

    TD AMERITRADE continues to offer the Suze Orman's Save Yourself Promotion. You can make $100 from this promotion, but it requires one year of $100 monthly electronic deposits before the bonus is awarded. Here are the important points from the promotion's small print:

    • Open a new TD AMERITRADE account (non-retirement) opened by 12/31/09
    • Set up 12 monthly consecutive automatic electronic deposits of $100 or more
    • First $100 must be deposited within 30 days of opening account.
    • Accounts will be reviewed 12 months from date of first...
    Continue Reading

    More Past Offers