TD Bank is offering a $500 bonus when opening or converting to an account with their new enhanced checking account. The promotion has been in effect since March 1, 2017 and will continue until November 30th.
The “td bank promotions $500” is a promotion that TD Bank is offering. The promotion includes a $100 bonus for new checking account, and the opportunity to earn up to $500 in cash back rewards!
New checking and savings account customers who create an account between now and October 31st, 2022, will be eligible for a variety of account incentives from TD Bank.
Find out how to get a bonus of up to $500 (or at least $150) when you sign up with TD Bank as a new client. Is this a good national bank for you?
This article will teach you how to:
td.com is the source of this photograph.
When you establish a qualified TD Bank checking or savings account for the first time, you may earn anywhere from $150 to $500. You may obtain a bonus by opening one of two qualifying checking accounts, one of two eligible savings accounts, or a new checking and savings account. The amount you earn is determined on the account or accounts you establish.
Let’s start with the checking account options. The TD Convenience Checking and TD Beyond Checking accounts are the two qualifying checking accounts. The perks and criteria are shown below.
- When you create a new TD Convenience Checking account and receive at least $500 in qualifying direct deposit transactions within 60 days of opening, you’ll be eligible for a $150 bonus.
- When you create a new TD Beyond Checking account and receive at least $2,500 in qualifying direct deposit transactions within 60 days of opening, you’ll be eligible for a $300 bonus.
ACH transactions, paychecks from your work, and Social Security transfers are all examples of qualifying direct deposit transactions.
The most popular option is the TD Convenience Checking account, however the TD Beyond Checking account offers extra bonuses and benefits.
Then there’s the savings account. The TD Beyond Savings and TD Simple Savings accounts are the two qualified savings accounts. Below, you’ll see the bonus criteria, which is the same for both accounts.
- Open a new TD Beyond or TD Simple Savings account and deposit at least $20,000 during the first 20 days to earn $200. After achieving the entire deposit requirement of $20,000, you must keep this sum for a total of 90 days.
The most popular option is the TD Simple Savings account, however the TD Beyond Savings account offers extra bonuses and rewards. You can’t get this bonus twice if you sign up for both accounts.
To be eligible for the incentive, apply using this link. Your bonus will be put into your account within 140 days of when you opened it if you satisfy the conditions.
🔍 You’ll need to create a TD Beyond Checking account and one of the two savings accounts to get the whole $500. Any number of accounts and bonuses may be used.
However, if you connect a TD Beyond Checking account, the charge for any savings account is eliminated, so if you’re thinking about creating a savings account, this checking account is a good option.
If you already have a TD Bank checking or savings account, have earned a TD Bank new account bonus in the past, or have had an account with TD Bank within the previous 12 months, you will not be eligible (even if it is now closed). If you move money from another TD Bank account into the new one, you will not be eligible. It’s got to be fresh cash.
This offer will end on October 31st, 2022. You may be eligible for the bonus incentives if you successfully establish a new account by this deadline.
The TD Convenience Checking account has a $15 monthly maintenance charge that is waived if you have an average daily balance of at least $100. If the main account owner is between the ages of 17 and 23, the cost is also waived.
There is no interest paid on the TD Convenience Checking account. There are no costs to use your debit card at TD Bank ATMs, no fees to make Zelle transactions, and no fees to use Bill Pay services. This account allows you to have an overdraft (note that there is an added fee for overdraft transfers if you are not younger than 23).
The TD Beyond Checking account has a $25 monthly maintenance charge that may be waived in one of three ways:
- Maintaining a daily balance of at least $2,500 on a daily basis
- Having a total amount of $25,000 in all of your savings and mortgage accounts
- Each statement period, you must receive at least $5,000 in qualified direct deposit transactions.
This account does not have a minimum initial deposit requirement.
Although this is theoretically an interest-bearing checking account, the current annual percentage yield (APY) of 0.01 percent is far from competitive. At the moment, the national average interest rate on a checking account is 0.03 percent, but you may get a bit more at different banks and credit unions. As long as you have a positive balance in your TD Beyond Checking account, you’ll earn interest.
Non-TD Bank ATMs are free to use, and any costs you pay at out-of-network ATMs are repaid if your account balance is $2,500 or more. When you utilize the Rush Bill Payments function to push your payments through quicker, make up to two overdrafts per year, and make outward wire transfers, fees are repaid or eliminated. When making overseas transactions or receiving inbound wires, there are no foreign transaction fees.
The TD Beyond Savings account has a $15 monthly maintenance charge that may be waived in one of two ways:
- Maintaining a daily balance of at least $20,000 on a daily basis
- This account will be linked to a TD Beyond Checking account.
The current interest rate on this savings account is 0.01 percent for all balance levels. Any balance that is positive will receive interest. The national average interest rate for a savings account is now 0.06 percent, which is far lower than what many banks and credit unions are currently providing, so this savings account isn’t a good option if you’re searching for the greatest possible interest rate.
If you connect a qualified checking account, you may be eligible for a rate increase. The accounts listed below are eligible:
- At least three customer-initiated deposits, withdrawals, transfers, or payments each month in a personal or small business checking account
- A bank account for a personal or small company with at least one direct deposit transaction per month is required.
- A personal mortgage, home equity loan, or credit card from TD Bank
With a relationship account, check at the adjusted APYs by balance.
Relationship Bump Rates at TD Beyond Savings
|From $0.01 – 19,999.99.01 to $19,999.99||0.01%|
|a price range of $20,000 to $49,999.99||0.02%|
|From $50,000 to $99,999.99||0.03%|
|249,999.99 – $100,000||0.04%|
|$499,999.99+ – $250,000 – $499,999.99+||0.05%|
When you use your linked card at a TD ATM that is in-network, there are no fees, and costs from out-of-network ATMs are repaid if your balance is at least $2,500. Money orders, bank checks, stop payments, and incoming wire transfers are all free services.
You may connect this account to any of your TD Bank checking accounts to get Overdraft Protection and have money moved automatically from your savings to your checking account if you become overdrawn.
The TD Simple Savings account has a $5 monthly maintenance cost that may be waived in one of five ways:
- Maintaining a daily balance of at least $300 on a daily basis
- This account will be linked to a TD Beyond Checking account.
- If you are under the age of 24, you may link this account to a TD Convenience Checking account.
- Being under the age of 18 or being above the age of 62
- Making at least $25 in recurring payments from a connected TD Bank checking account into this account (up to 12 months)
The interest rate on all balances in this account is presently 0.02 percent. Using in-network ATMs does not need a minimum opening deposit or a charge. This account includes free online bill payment.
If you’re going to create a new checking and savings account anyhow, opening with TD Bank to earn up to $500 is a good option. These are good savings and checking accounts… For optimum earning potential and perks, we suggest the TD Beyond Checking and TD Simple Savings accounts.
The fees for TD Bank checking and savings accounts are quite standard, and there are several methods to waive them, making them ideal alternatives if you’re searching for a completely free option. If earning interest is your primary aim, we don’t suggest these accounts since the rates aren’t competitive. Furthermore, the savings benefits, in particular, need large deposits/balances, which you may find prohibitive.
TD Bank has a wide range of checking account bonuses and promotions. You can get up to $500 with the TD Bank checking account! Reference: td bank checking account.
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