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TD Convenience Checking℠ account review

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A basic checking account with a $150 signup bonus and no minimum opening deposit. But watch out for monthly fees.’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





Minimum deposit to open


Fee$15 per month
To waive the feeMaintain a minimum daily balance of $100
· OR the primary account holder is age 17 through 23
Minimum deposit to open$0
Intro or bonus offerEarn $150 when you receive direct deposits totaling $500 or more within 60 days.
ATMs1,900 ATMs across the country and Canada
ATM transaction fee$0
Out-of-network ATM fee$3
Foreign transaction fee0%
Overdraft fee$35
Nonsufficient funds fee$35

Expert review

Shannon Terrell

Review by

Shannon Terrell is a writer for Finder who studied communications and English literature at the University of Toronto. On any given day, you can find her researching everything from equine financing and business loans to student debt refinancing and how to start a trust. She loves hot coffee, the smell of fresh books and discovering new ways to save her pennies.

Expert review

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.

What are the benefits of a checking account with TD?

Enjoy mobile banking, mobile check deposit and free Zelle transfers along with the following:

  • No minimum opening deposit. Open the TD Convenience Checking℠ account with any amount.
  • No monthly fees for students and young adults. Skip the monthly fees if you’re between the ages of 17 and 23.
  • TD rate discounts. Holding a TD checking account entitles you to a 0.25% rate discount on TD HELOCs and personal loans.
  • 24/7 customer service. Customer service is available by phone all day, every day.

      What should I look out for?

      The TD Convenience Checking℠ account isn’t without its shortcomings:

      • $15 maintenance fee. Unless you maintain a daily balance of $100 or more, you’ll be saddled with a $15 monthly maintenance fee.
      • $1 paper statements. If you’d like your statements to arrive by mail, expect a $1 paper statement fee.

      TD’s ATM network and fees

      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.

      Compare with other checking accounts

      Name Product Minimum deposit to open ATMs Out-of-network ATM fee
      BBVA Online Checking
      No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
      A full-service account with convenient, surcharge-free access to two massive ATM networks, plus a $200 signup bonus when you meet deposit requirements
      Citibank® Account Package
      Citibank® Account Package
      No access to ATMs
      Earn a $400 bonus after opening new eligible checking and savings accounts and completing required activities.
      NorthOne Business Banking
      More than 300,000 ATMs across America.

      A digital bank account featuring free cash deposits, on-demand customer support and streamlined bookkeeping integrations.
      BBVA Free Checking
      1,000 fee-free ATMs across the country
      Pay a $0 monthly service charge and get free access to BBVA ATMs.
      Chase Total Checking
      Access to 16,000 ATMs and nearly 4,900 branches nationwide
      Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 4,900 branches. Available online nationwide except in Alaska, Hawaii and Puerto Rico.

      Compare up to 4 providers

      Explore your checking account options with other providers for the features that best meet your needs.

      How do I open a TD Convenience Checking℠ account?

      1. Go to TD’s website and click Open account.
      2. Enter your full name, phone number and email address. Click Next.
      3. Enter your Social Security number, date of birth and driver’s license, state ID or passport number. Click Next.
      4. Review your submitted information and make any necessary changes. Then, review TD’s account disclosures and online terms and conditions.

      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:

        1. TD Bank N.A.
        1. ME2-001-033
        1. PO Box Number 1190
        Lewiston, Maine 04243

      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:

      • US citizen
      • At least 18 years old
      • Social Security number
      • Valid driver’s license or state ID
      • Valid bank account

      Required information

      Before you begin your application, gather the following:

      • Name, date of birth and residential address
      • Contact information
      • Employment information
      • Social Security number
      • Driver’s license or state ID
      • External bank account number and routing number of funding account

      How do I deposit or withdraw my money?

      There’s no shortage of options for accessing your funds with TD Bank:

      • Online deposit. Make an online transfer to or from an externally linked account.
      • Mobile check deposit. Using TD Bank’s free mobile app, deposit a check using your mobile device.
      • Mail. Mail a check to TD Bank.
      • ATM. Deposit funds or withdraw cash at over 300,000 nationwide ATMs.
      • Wire transfer. Incoming wire transfers cost $15, while outgoing domestic and international transfers cost $25 and $40, respectively.
      • In person. Visit a local TD Bank branch to conduct your banking in person.

      What other checking options does TD offer?

      TD Bank has an abundance of checking options:

      • TD Simple Checking℠. This straightforward checking account has a $5.99 monthly maintenance fee. But it offers mobile banking and a 0.25% rate discount on TD home equity and personal loans.
      • TD Beyond Checking. Deposit $2,500 within 60 days of account opening to earn $300. Maintain that balance to waive the $25 monthly fees and receive ATM fee reimbursements.
      • TD 60 Plus Checking℠. Available to those 60 and older, this interest-bearing checking account comes with free checks, money orders and paper statements alongside a $10 maintenance fee that can be waived with a $250 daily balance.
      • TD Business Simple Checking. This account comes with a $10 monthly maintenance fee and offers up to 200 paid or deposited items per statement cycle and up to $5,000 in cash deposits for free.
      • TD Business Convenience Checking Plus. After a $100 minimum opening deposit, you get up to $10,000 in cash deposits in store and 500 paid or deposited items for free per statement cycle.
      • TD Business Premier Checking. You’ll need at least $200 to open this business checking account, but you’ll receive 500 paid or deposited items and up to $30,000 in cash deposits in store for free.

      Frequently asked questions

      Checking account ratings

      ★★★★★ — 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.

      Read the full methodology of how we rate checking accounts.

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