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 a $300 Premier Checking bonus that are available exclusively online to new checking customers.

$150 Convenience Checking Bonus

  • Open a new Convenience Checking account online.
  • Have at least $500 in cumulative Direct Deposits* within 60 days of account opening.

$300 Premier Checking Bonus

  • Open a new Premier Checking account online.
  • Have at least $2.5k in cumulative Direct Deposits* within 60 days of account opening.
0.05*%$2,500-TD Bank, National AssociationTD Premier Checking
Accounts mentioned in this post. Rates as of January 18, 2017.
*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.

General Requirements

  • Available only online to new personal checking customers, defined as those “who do not have an existing or prior personal checking account at TD Bank.”
  • One bonus per customer and cannot be combined with any other offer.
  • After the Direct Deposit criteria is fulfilled, the bonus will be credited to the new checking account within 95 days of account opening.
  • Checking account must be “open, active, in good standing, and in the same product type through the qualifying period to receive the bonus.”

Both checking accounts have monthly service fees ($15, Convenience Checking; $25, Premier Checking) that can be waived by maintaining a required minimum balance ($100, Convenience Checking; $2.5k, Premier Checking.


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 either the $150 or $300 checking bonus can only be done online. For in-branch transactions, TD Bank has more than 1,300 branches located on the East Coast from Maine to Florida.

Bank Overview

TD Bank, National Association has an overall health grade of "A"+ at, with a Texas ratio of 4.95% (excellent), based on June 30, 2016 data. In the past year, TD Bank has increased its total deposits by $20.19 billion, an excellent annual growth rate of 10.37%. 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 $255 billion and more than 15.8 million customer accounts.

How the $150 and $300 Bonuses Compare

Assuming the required minimum balance is maintained for three months in a new Convenience Checking account to avoid the monthly service fee,

  • $500 Direct Deposit = $150 bonus
  • $500 in a 1.0% Savings Account for three months = $1.25 interest
  • Assuming the required minimum balance is maintained for three months in a new Premier Checking account to avoid the monthly service fee,

  • $2.5k Direct Deposit = $300 bonus
  • $2.5k in a 1.0% Savings Account for three months = $6.23 interest
  • Other Bank Promotions and Bonuses

    Not eligible for TD Bank’s $150 or $300 checking bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, readers and I also post often on bonuses in the Bank Promotions Forum.

    The above rates are accurate as of 11/28/2016.

    Gues (anonymous)   |     |   Comment #1
    Are there any account closing fees?
    Anonymous   |     |   Comment #3
    According to the DOC blog on this promotion there is no closing fee..  However there are fees to ACH monies out and they may not allow external links to pull monies.  Best if there is a local branch.
    Anonymous   |     |   Comment #2
    My experience.....Simply terrible ......customer service wait times extremely long  TD has three call centers and you cannot talk to anyone but the call center if a problem arises. Funding becomes lengthy and painful if the on line funding process fails and if not done locally. In my case the online funding during the application failed (a TD problem....we are sorry for any inconvenience we have caused) and no local branch so had to send in a check which took 2 plus weeks including hold times. Fees are charged for pushing funds out of TD.  Could not set up account  link to pull funds from TD bank via Ally.  Reason....according to TD CSR, TD does not allow external financial institution to link to TD accounts. I assume this is because TD makes money on transfer fees.  Overall assessment from dong both TD bank and Credit Card promotions........TD indeed provides "legendary service" of the worst if not the worst experience from any financial institution. Would not do this again.unless there is a local branch
    Anonymous   |     |   Comment #4
    I have a TD savings account, and I have a link to my TD savings account from Alliant Credit Union.  Absolutely no problem initiating an ACH transfer from my TD savings account to my Alliant account.  I initiate the ACH from Alliant.  No fee.  So the information you got from TD CSR is wrong.
    Anonymous   |     |   Comment #5
    Maybe its account type specific.......I was referring to checking accounts and not savings account. The promotion is for checking accounts. I tried to establish links originating from both Ally and Alliant to TD and they both failed.....  When I inquired at TD, two different CSR's indicated that it was not possible....You can establish the link from TD checking account to an external financial institution but if you push monies out there is a fee charged..I was trying to avoid the fee by "pulling' monies via Ally/Alliant. Hope it works for others....
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