TD Bank Promotions

New TD Bank checking customers can earn up to $300

Updated May 15, 2023

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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 : Beyond Checking – $300

Bonus Amount: $300
Promotion Expiry: May 31, 2023
Qualifications: Direct deposit

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How To Get the Bonus

Open a new account. Open a new Beyond Checking account online.
Set up and receive direct deposits. Receive at least $2,500 in direct deposits within 60 days.
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 : Convenience Checking – $200

Bonus Amount: $200
Promotion Expiry: May 31, 2023
Qualifications: Direct deposit

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How To Get the Bonus

Open a new account. Open a new Convenience Checking account online.
Set up and receive direct deposits. Receive at least $500 in direct deposits within 60 days of account opening.
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

Compare TD Bank Promotions

Promotion	Bonus Amount	Promotion Expiry	Qualifications
TD Beyond Checking	$300	May 31, 2023	Direct deposit
TD Convenience Checking	$200	May 31, 2023	Direct deposit

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 — d3sign / Getty Images

Article Sources

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TD Bank. "2022 Annual Report."
TD Bank. "TD Beyond Checking Account Guide," Page 1.
TD Bank. "TD Convenience Checking Account Guide," Page 1.
TD Bank. "Refer a Friend to TD Bank."
J.D. Power. "Largest National Banks See Declining Satisfaction Among Younger Customers, J.D. Power Finds."
Associated Bank. "Brewers Checking Offer."