TD Bank Promotions

New TD Bank checking and savings customers can earn up to $500

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Free money may seem like a rarity, but taking advantage of bank account promotions can be a smart way to get extra cash. 

TD Bank is the sixth largest bank in North America, and it’s currently offering substantial bonuses to encourage new customers to open select checking and savings accounts. With just a bit of work (and some direct deposits), you could get up to $500 in bonuses.

TD Bank : Convenience Checking – $200


TD Bank

TD Bank

  • Bonus Amount: $200
  • Promotion Expiry: March 31, 2023
  • Qualifications: Direct deposit
How To Get the Bonus 
  1. Open a new account. Open a new Convenience Checking account online.
  2. Set up and receive direct deposits. Receive at least $500 in direct deposits within 60 days of account opening.
  3. Wait for the bonus. The bonus is deposited into your account within 180 days of account opening. 
Bonus Restrictions and Account Fees

The $200 Convenience Checking account bonus is only for new customers. If you are an existing TD Bank customer, have had an account with TD Bank within the past 12 months, or received a TD Bank checking account bonus at any time, you aren’t eligible for this promotion. 

Eligible direct deposits need to be electronic deposits of your paycheck, government benefits, or pension payments, and each must be $250 or more. 

The following fees apply: 

  • Monthly maintenance fee: $15 (waived for students and young adults between the ages of 17 and 23, or by maintaining a $100 minimum balance)
  • Overdraft fee: $35 for each item TD Bank pays
  • ATM fee: $0 at TD ATMs in the U.S. and Canada; $3 at non-TD ATMs

TD Bank : Beyond Checking – $300


TD Bank

TD Bank

  • Bonus Amount: $300
  • Promotion Expiry: March 31, 2023
  • Qualifications: Direct deposit
How To Get the Bonus 
  1. Open a new account. Open a new Beyond Checking account online.
  2. Set up and receive direct deposits. Receive at least $2,500 in direct deposits within 60 days. 
  3. Wait for the bonus. The bonus is deposited into your account within 180 days of account opening.
Bonus Restrictions and Account Fees

To get the $300 bonus, you must be a new customer. Those with existing accounts or those who have had accounts in the past 12 months aren’t eligible. 

Each direct deposit must be for $250 or more, and must be an electronic deposit of your paycheck, government benefits, or pension payments. 

The following fees apply: 

  • Monthly maintenance fee: $25 (waived under any of the following circumstances: You set up direct deposits of $5,000 or more; you maintain a daily balance of $2,500 or more; you have a combined balance of $25,000 or more in TD Bank accounts)
  • Overdraft fee: $35 for each item TD Bank pays
  • ATM fee: $0

TD Bank : Signature Savings – $200


TD Bank

TD Bank

  • Bonus Amount: $200
  • Promotion Expiry: March 31, 2023
  • Qualifications: Deposit, maintain balance
How To Get the Bonus
  1. Open a new account. Open a new Signature Savings account online. 
  2. Make qualifying deposits. Deposit $10,000 or more in new money within 20 days of account opening.
  3. Maintain a daily minimum balance. Maintain a balance of $10,000 for 90 days from the date the initial deposit requirement is met.
  4. Wait for the bonus. Bonuses are issued within 180 days of account opening. 
Bonus Restrictions and Account Fees

The $300 savings bonus is available to new customers only. Anyone who has existing TD Bank savings accounts or money market accounts, opened savings or money market accounts within the past 12 months, or previously received a savings or money market account bonus isn't eligible. 

The $10,000 deposit must be new money, meaning it cannot already be held in an existing TD Bank checking or savings account. The deposit must be posted within 20 days of account opening, and you must maintain a $10,000 balance for at least 90 days after meeting the initial funding requirement. 

The following fees apply: 

  • Monthly maintenance fee: $15 (waived if you maintain a $10,000 minimum balance or link your savings account to a TD Beyond Checking or TD Relationship Checking account)
  • Overdraft fee: $35 for each item TD Bank pays
  • ATM fee: $0

TD Bank : Simple Savings – $200


TD Bank

TD Bank

  • Bonus Amount: $200
  • Promotion Expiry: March 31, 2023
  • Qualifications: Deposit, maintain balance
How To Get the Bonus 
  1. Open a new account. Open a new Simple Savings account online. 
  2. Make qualifying deposits. Deposit $10,000 or more in new money within 20 days of account opening.
  3. Maintain a minimum daily balance. Maintain a balance of $10,000 or more for 90 days from the date the deposit requirement is initially met.
  4. Wait for the bonus. The bonus will be issued within 180 days of account opening. 
Bonus Restrictions and Account Fees

The $300 bonus is only available to new TD Bank customers. If you have an existing TD Bank savings or money market account, have had one in the past 12 months, or have received a bonus for savings or money market accounts previously, you will not receive this promotional offer. 

To meet the $10,000 deposit requirement, the money deposited must be new money that isn’t previously held in a TD checking or savings account. 

The following fees apply: 

  • Monthly maintenance fee: $5 (waived if you meet any of the following requirements: Maintain a $300 minimum daily balance; link your savings account to a TD Beyond Checking account; are under 19 or over 62; are under 24 and link your account to a TD Bank Convenience Checking account; or make recurring transfers of $25 or more from your linked TD Bank checking account)
  • ATM fee: $0 at TD ATMs in the U.S. and Canada; $3 at non-TD ATMs
  • Overdraft fee: $35 for each item TD Bank pays

Compare TD Bank Promotions

Promotion Bonus Amount Promotion Expiry  Qualifications 
TD Beyond Checking $300 March 31, 2023 Direct deposit
TD Convenience Checking  $200  March 31, 2023 Direct deposit 
TD Signature Savings  $200  March 31, 2023 Deposit, maintain balance 
TD Simple Savings $200  March 31, 2023 Deposit, maintain balance 

While you can open some TD Bank accounts online, you can also visit a branch in person to open or add someone to an account. However, TD Bank doesn’t operate brick-and-mortar branches in every state; they’re only available in 15 states and the District of Columbia. You can use the store locator tool to see if TD Bank has a location near you. 

Who Is Eligible for TD Bank Promotions?

TD Bank’s checking and savings account promotions are solely for new customers. If you are an existing customer, have had a checking or savings account with TD Bank in the past 12 months, or received a bonus from TD Bank in the past, you cannot take advantage of these offers. 

Does TD Bank Have Any Promotions for Existing Customers?

Although existing TD Bank customers aren’t eligible for the checking or savings account promotions, current customers can earn up to $500 by referring friends or family members. For each person you refer who opens an account, you can get up to $50, up to a maximum of $500. 

TD Bank is well-known for its customer service; in J.D. Power’s 2022 U.S. National Banking Satisfaction Study, TD Bank was ranked third in terms of overall customer satisfaction, beating out six other banks. 

How Do TD Bank Promotions Compare to Other Bank Promotions?

TD Bank is far from the only bank that will pay you cash to open a new account. There are several with promotions, and some offer higher bonus amounts with lower deposit or direct deposit requirements. 

For example, Associated Bank will give you between $200 and $400 if you set up at least $500 in direct deposits during the first 90 days of your account opening and maintain a certain average daily balance. To find other offers, check out our picks for the best bank bonuses of 2023

How Do You Find TD Bank Promotions?

TD Bank regularly updates its promotions on the special offers page of its website. You may also receive emails or mailers with additional offers. 

managing online banking with mobile app on smartphone TD bank promotions

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Article Sources
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  1. TD Bank. "2022 Annual Report." 

  2. TD Bank. "TD Convenience Checking Account Guide," Page 1.

  3. TD Bank. "TD Beyond Checking Account Guide," Page 1.

  4. TD Bank. "TD Signature Savings Account Guide," Page 1.

  5. TD Bank. "TD Simple Savings Account Guide," Page 1. 

  6. TD Bank. "Refer a Friend to TD Bank."

  7. J.D. Power. "Largest National Banks See Declining Satisfaction Among Younger Customers, J.D. Power Finds."

  8. Associated Bank. "Brewers Checking Offer."