TD Bank checking accounts review: Open with no minimum deposit if you live on the East Coast

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  • TD Bank (Member FDIC) has 1,300 branches and over 2,700 ATMs.
  • The bank offers three checking accounts: TD Simple, TD Convenience, and TD Beyond.
  • You don’t need a minimum deposit to open any checking accounts with TD Bank.
  • See Insider’s picks for the best checking accounts »

This post was reviewed and updated on February 5, 2021.

Should you open a TD Bank checking account?

You might like one of the three checking accounts if you prefer banking face-to-face and live near a branch along the East Coast. But if your main priorities are low monthly fees and good interest rates, you might prefer an online checking account.

TD Bank checking accounts

 TD SimpleTD ConvenienceTD Beyond
Interest earnedNoneNone0.01% – 0.03% APY
Monthly service fee$5.99$15; can be waived$25; can be waived
Out-of-network ATM fee$3$3$0; refunds provider fees if your balance is $2,500
 Open an accountOpen an accountOpen an account

TD Bank checking features

TD Bank Beyond Checking Account

TD Bank TD Bank Beyond Checking AccountTD Bank

Bank of America
Citizens Bank


1,300 branches; 2,700 ATMs


4,200 branches; 16,000 ATMs


1,100 branches; 3,100 ATMs

Minimum opening deposits


Minimum opening deposits

$25 or $100

Minimum opening deposits


Open an accountOpen an accountOpen an account

TD Bank checking accounts vs. Bank of America checking accounts

Georgia residents will want to go with Bank of America, and Vermont residents will prefer TD Bank — these are the only East Coast states where each bank doesn’t have a branch. Bank of America also has branches and ATMs all over the US, so it could be the better option if you regularly travel outside the East Coast.

However, TD Bank doesn’t require any minimum opening deposits, making it a good option if you don’t have much money to get started.

TD Bank checking accounts vs. Citizens Bank checking accounts

Your choice between TD Bank and Citizens Bank could come down to which state you live in. TD Bank has branches all along the East Coast with the exception of Georgia. Citizens Bank is prevalent in the Northeast, but it doesn’t have branches in the Southeast or in Maine.

Laura Grace Tarpley is the associate editor of banking and mortgages at Personal Finance Insider, covering mortgages, refinancing, bank accounts, and bank reviews. She is also a Certified Educator in Personal Finance (CEPF). Over her four years of covering personal finance, she has written extensively about ways to save, invest, and navigate loans.

Get the latest Bank of America stock price here.

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