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finder.com’s rating: 2.7 / 5.0
★★★★★
The TD Convenience Checking℠ account offers digital wallet compatibility, free Zelle transfers, TD rate discounts and no fees for students and young adults age 17 to 23. But the $15 monthly maintenance fee could chip at your funds.
$15 per month
Fee
N/A
APY
$0
Minimum deposit to open
APY | N/A |
---|---|
Fee | $15 per month |
To waive the fee | Maintain a minimum daily balance of $100 · OR the primary account holder is age 17 through 23 |
Minimum deposit to open | $0 |
Intro or bonus offer | Earn $150 when you receive direct deposits totaling $500 or more within 60 days. |
ATMs | 1,900 ATMs across the country and Canada |
ATM transaction fee | $0 |
Out-of-network ATM fee | $3 |
Foreign transaction fee | 0% |
Overdraft fee | $35 |
Nonsufficient funds fee | $35 |
Review by
Shannon Terrell is a senior writer for Finder who has written over 400 personal finance guides. With a focus on investments and personal finance, she breaks down jargon-laden topics to help others make informed financial decisions. She studied communications and English literature at the University of Toronto.
The TD Convenience Checking℠ account may be particularly attractive to students and new account holders — there’s no monthly fee for those aged 17 to 23. But the $15 maintenance fee could detract from your funds if you can’t hold a daily balance of $100 or more.
Finally, you’ll be asked to fund your TD Convenience Checking℠ account with a minimum deposit of $0. You can make a deposit from an externally linked account, or you can mail a check to:
Your TD Visa Debit card will arrive by mail within seven to 10 business days.
Maintain your eligibility for this account by meeting the following criteria:
Before you begin your application, gather the following:
Enjoy mobile banking, mobile check deposit and free Zelle transfers along with the following:
The TD Convenience Checking℠ account isn’t without its shortcomings:
The TD Convenience Checking℠ account comes with a TD Bank Visa Debit card. This debit card can be used to make deposits and withdraw funds at ATMs.
TD Bank is affiliated with the NYCE ATM network, with over 300,000 ATMs located across North America. Banking with TD ATMs is free, but non-TD ATM transactions are subject to a $3 fee.
There’s no shortage of options for accessing your funds with TD Bank:
TD Bank has an abundance of checking options:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.