TD Bank is offering up to a $500 bonus when you open a new checking and savings account. You get $150 or $300 for the checking account, depending on which one you open, and another $200 for savings. This offer has been extended through June 30, 2024.
How to Earn This TD Bank $500 Bonus
- $300 bonus offer when opening a TD Premier Checking
- Bonus offer available to eligible new personal checking Customers when opening a TD Premier Checking account with cumulative direct deposit funds of $2,500 or more into the new account within 60 days of account opening.
OR
- $150 bonus when opening a TD Convenience Checking
- Bonus available to eligible new personal checking Customers when opening a TD Convenience Checking account with cumulative direct deposit funds of $500 or more into the new account within 60 days of account opening.
PLUS
- $200 bonus when opening a Preferred Savings account
- Enjoy $200 when you deposit $10,000 or more in new money within 20 days and maintain a balance of at least $10,000 for 90 days.
Bonus will be credited into the new personal checking account no later than 95 days from account opening, assuming the conditions are met. Account must remain open, active, in good standing, and in the same product type through the qualifying period to receive the bonus. As with most bank bonuses, it will be reported as taxable income to the IRS on a 1099-MISC.
Eligibility
- This offer is available to residents in CT, DE, Washington D.C., FL, ME, MD, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA.
- One bonus per Customer and cannot be combined with any other offer.
- You will not qualify for the Checking Bonus if you are an existing TD Bank personal checking or savings customer OR had a previous personal account that was closed within the preceding 12 months OR have received a prior personal checking or savings account bonus at any time. This means that you can only receive one checking and one savings bonus per lifetime, if terms are enforced.
Account Fees
The TD Premier Checking account, which is required to get the $300 bonus, has $25 monthly fee that is waived with a minimum daily balance of $2,500.
The TD Convenience Checking account, which is required to get the $150 bonus, has $15 monthly fee that is waived with a minimum daily balance of $100.
Savings account doesn’t have any fees.
Guru’s Wrap-Up
The $300 bonus makes more sense if you have $2,500 to leave in the account for 3 months, in order to keep fee free. One issue is the direct deposit. If you can easily switch your direct deposit, that would be the best option. Otherwise, you can do a ACH transfer from another checking account, which should work. That part is the same bonus that has been around previously, the only new part is the $200 bonus for the savings account. You need to leave $10K (down from $20K) in the account for 90 days in order to get $200, which is a 8% return. That’s a very good rate.
If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
💡 Link & Key Details
- OFFER PAGE
- Max Bonus: $500
- Account Type:Â Premier Checking (or Convenience Checking) plus Preferred Savings
- Availability: CT, DE, DC, FL, ME, MD, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
- Inquiry Type:Â Soft pull
- Credit Card Funding:Â Yes, up to $300
- Direct Deposit Requirement:Â $2,500 total in 60 days ($500 for $150 bonus)
- Other Requirements: $10K balance for 90 days for Savings bonus
- Monthly Fee: $25 waived with $2500 balance ($15 for Convenience Checking, waived with $100 balance)
- Closing Account Fee:Â Must be kept open for 90 days
- Expiration Date:
3/13/20195/8/198/3/2111/30/213/31/2212/31/233/31/246/30/24
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