TD Go Reloadable Prepaid Card review
A prepaid card designed for teens whose parents already use TD Bank.
The TD Go Reloadable Prepaid Card from TD Bank gives teens the freedom to spend money how they want while giving parents the ability to set limits. But the main way to add funds is with a bank debit or credit card, so it’s ideal for parents who already bank with TD.
Monthly maintenance fee
Signature transaction fee
PIN transaction fee
Cassidy Horton is a writer for Finder, specializing in banking and kids’ debit cards. She’s been featured on Legal Zoom, MSN, and Consolidated Credit and has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. When not writing, you can find her exploring the Pacific Northwest and watching endless reruns of The Office.
The TD Go Reloadable Prepaid Card is best for teens with parents who aren’t interested in assigning chores or disbursing allowance payments. It’s a relatively straightforward debit card that doesn’t require any ongoing service fees or per-transaction fees. But it lacks the type of parental controls and special features available with other debit cards for kids.
Another thing to keep in mind is that you can only get this card if you initially load it with a $20 deposit from an existing TD debit or credit card. And subsequent deposits can only come from a TD account or via direct deposit. Plus, this account doesn’t support mobile deposits or transfers to external banks.
If you don’t currently bank with TD, or if you want a card that offers more parental controls and lets your kid categorize their money for different purposes, explore some of today’s top debit cards for kids.
How do I open a TD Go Reloadable Prepaid Card account?
Get your TD Go Reloadable Prepaid Card in six simple steps:
- Go to the provider’s site and follow the steps to apply.
- From the TD Bank website, hover over the Products tab and click Prepaid Cards.
- Look for the TD Go Reloadable Prepaid Card section and click Find out more.
- Click Get a card.
- Click Continue to site.
- Enter your personal information, residential address, username and password and security information and click Continue.
- Follow the prompts to review your application and request your TD Go Reloadable Prepaid Card.
A parent can open a TD Go Reloadable Prepaid Card for their teen if they meet these requirements:
- US citizen or resident
- At least 18 years old
- TD Bank debit card
- $20 opening deposit
You child can use a TD Go Reloadable Prepaid Card as long as they are:
- At least 13 years old
- Have a valid Social Security number
To sign up for the TD Go Reloadable Prepaid Card you’ll need to provide:
- Full name
- Email address
- Phone number
- Date of birth
- Residential address
- You and your teen’s Social Security number
- Government-issued photo ID number
How long will it take to get my card?
You’ll receive your TD Go card in the mail within five to seven days after you’ve loaded your card with at least $20.
What you’ll like about the TD Go card
The TD Go card integrates with your teen’s digital wallet, comes with a sleek mobile app that tracks their spending in real-time, has no overdraft fees and comes with these perks:
- No monthly fees. Unlike most prepaid cards, you won’t pay a monthly or per-transaction fee to use your TD Go card.
- Free ATM network. TD Bank lets you use any of its 2,800 in-network ATMs for free — unlike some prepaid cards that charge you for all ATM usage.
- Authorized deposits from family. If you have family members who bank with TD, add them as an authorized user so they can load funds onto your card.
- No foreign transaction fees. The TD Go card is a great option for teens traveling abroad as they won’t get dinged by foreign transaction fees, which are typically 3%.
- Parental features. Parents can use the TD Bank mobile app to view their teen’s transaction history, turn off cash access at ATMs and retailers, and freeze and unfreeze the card.
What to watch out for
The TD Go card has these drawbacks:
- Not available nationwide. Only residents in 16 East Coast states are eligible for a TD Go card.
- Maximum balance limits. You can’t deposit more than $500 in your card each week, and the card can’t hold more than $2,000 at any one time.
- ATM withdrawal limits. Your teen can’t withdraw more than $60 at an ATM each week, which is lower than other prepaid card limits.
- Limited reload methods. The only way to add funds to the card is with a TD debit card or direct deposit. You can’t reload it with cash, checks or ACH transfers from an external bank account.
- Some fees. Although the TD Go card doesn’t have monthly or transaction fees, there are still a few fees to watch out for:
Fee Amount Card enrollment fee $4.95 Out-of-network ATM withdrawal $3 Out-of-network ATM balance inquiry $3 TD Bank debit card reload $1 Inactivity fee (after 12 months) $2.50 monthly Card replacement $5 Paper statement fee $5
As always, explore prepaid card options until you find one that suits your needs.
Compare the TD Go Reloadable Prepaid Card with other debit cards for kids
Compare popular debit cards for kids based on their monthly fees, ATM fees and features.
Use the table to compare the TD Go card against other prepaid cards. If more than one option catches your eye, click the “Compare” box next to each for an alternative side-by-side view.
I got the card. Now what?
Once you’ve loaded your funds, take note of the following advantages:
- Follow these steps to make the most of your TD Go Reloadable Prepaid Card:
- Add the card to your digital wallet. Help your teen add the TD Go card to their digital wallet, so they can still access funds even if they accidentally leave their card at home.
- Download the mobile app. Both you and your teen can download the TD Bank mobile app to initiate transfers and keep an eye on spending.
- Set up direct deposits. If your teen has a job, help them get direct deposits set up through their employer. Or, you can set up direct deposits as a parent and have a portion of your paycheck deposited into their account.
There are only two ways to reload a TD Go card: :
- Direct deposit
- TD Bank debit or credit card
How do the TD Go card’s fees compare to the competition?
Here’s a quick look at how this card’s fees and limits stack up against similar cards.
|Fee & limit||Amount||How it compares to other kids’ cards|
|Per purchase fee||$0||Equivalent|
|In-network ATM withdrawal or balance inquiry||$0||Equivalent|
|Out-of-network ATM withdrawal or balance inquiry||$3||On the high end|
|Card inactivity fee (after 12 months with no transactions)||$2.50||Above average|
|TD Bank debit card reload fee||$1||Above average|
|Card replacement fee||$5||On the high end|
Is the TD Go Reloadable Prepaid Card safe?
Somewhat. Funds loaded onto the card are not insured by the FDIC, but this card does include 24/7 fraud monitoring and zero-liability protection for lost or stolen cards. If you or your child lose your Go card or notice unfamiliar charges on your statement, contact TD Bank immediately by calling 1-855-219-8050.
Frequently asked questions
Can I get a TD Go card at a TD Bank branch?
No. The only way to request this card is through TD Bank‘s website.
How long does it take for money to post to my TD Go card?
Funds loaded onto your TD Go card using a TD Bank debit or credit card are usually available the same business day. Direct deposits are usually available on the same business day TD Bank receives the deposit.
How do I activate my TD Go card?
Activate your card by visiting the TD Go Card website or by calling 855-219-8050.
In which East Coast states is the TD Go card eligible?
You and your teen must reside in one of the following states to purchase the card:
- New Hampshire
- New Jersey
- New York
- North Carolina
- Rhode Island
- South Carolina
- Washington, DC