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TD Student Checking account review

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Fee-free banking for full-time students from ages 17 to 23.

The TD Student Checking account features mobile banking and $0 account minimums or monthly fees. But once you turn 24, it becomes a standard TD Convenience Checking account — meaning you could be hit with maintenance fees if your balance isn’t high enough.

$0

Monthly fee

0%

APY

$0

Minimum deposit to open

Details

Monthly fee$0
Minimum deposit to open$0
ATMs4,000 free ATMs across Canada and the US — though most are located on the East Coast.
ATM transaction fee$0
Out-of-network ATM fee$3 For each withdrawal, transfer, and balance inquiry
Overdraft fee$35
Nonsufficient funds fee$35

Expert review

Ryan Brinks

Review by


As the assistant publisher of banking and investing at finder.com, Ryan Brinks melds more than a decade of experience in business news and online content into creating comprehensive and helpful comparisons of the companies you trust your money with. He loves to innovate and put money to work while keeping a careful eye on managing risk. Beyond work, Ryan's also passionate about his family and serving his community.

Expert review

The TD Student Checking account is best for 17- to 23-year-old students in the East Coast. The checking account offers no monthly fees and free overdrafts.

But once you reach 24 years of age, your account will turn into a TD Convenience Checking account and you’ll pay $15 a month if your balance drops below $100.

What are the benefits of the TD Student Checking account?

Among the 10 largest banks in the US, TD Bank offers an account geared for college students looking to get their banking footing with no fees and mobile banking to manage your money and deposit checks on the go.

  • $0 minimum balance. Bank without the need to watch your balance — which pairs nicely with $0 monthly fees.
  • Free savings account. Account holders can open a TD Simple Savings account with $0 monthly maintenance fee.
  • Free overdrafts. Sign up for overdraft transfers, and TD Bank waives the standard fees that come from withdrawing more money than is available in your account.

What should I look out for?

The TD Student Checking account offers standard banking with a few potential drawbacks:

  • Limited branches. TD Bank operates primarily on the East Coast, which can make in-person banking hard if you live elsewhere.
  • Fee kicks in at 24. If you don’t upgrade your account to a more robust option, you’ll pay a $15 monthly maintenance fee if your daily balance drops below $100.

If you prefer a bank closer to your area, you’ll want to keep looking. As always, explore your options when looking for a checking account.

TD Bank’s ATM network and fees

TD Bank supports more than 4,000 free ATMs across Canada and the US — though most are located on the East Coast. You’ll pay $3 for each withdrawal, transfer and balance inquiry you make at an ATM outside the bank’s network.

Compare with other student bank accounts

Name Product APY ATMs Fee
Chase College Checking
16,000 Chase ATMs and nearly 5,000 branches nationwide
$6/month
(can be waived)
Get about four years of interest paid up front! New Chase customers can get a $100 signup bonus when they enroll in paperless statements and complete 10 qualifying transactions within 60 days of account opening. Plus no monthly service fee as long as you’re between 17-24 years and a student for up to 5 years.
North Loop International Student Account
Get free access to 32,000 ATMs across the US
$0
No account fees. No account minimums. No ATM fees. No incoming wire fees
Capital One MONEY
0.25%
39,000+ Capital One and Allpoint ATMs nationwide
$0
A teen checking account with zero fees.
Wells Fargo Teen Checking
0.05% on balances of $100,000+
0.03% on balances of $0 to $99,999.99
$0
Everyday checking made easy. Open with $25.

Compare up to 4 providers

How do I open a TD Student Checking account?

Open an account online in five steps:

  1. Go to TD Bank’s website. Under Products, click Checking.
  2. Click Learn more under Student Checking.
  3. Click Open account.
  4. Select the account you wish to open.
  5. Enter your personal information, review TD’s policies and make a deposit.

You can also open an account by visiting a branch or calling 888-751-9000.

Eligibility

You must meet basic eligibility requirements to open a TD Student Checking account:

  • Student enrolled full-time in college or university
  • US citizen with US residential address
  • Ages 18 to 23 (or 17 by opening a joint account with a parent or legal guardian)

Required information

Before you open an account, ready your:

  • Proof of active school enrollment
  • Contact information, including email address
  • Social Security number
  • Date of birth
  • Government-issued ID

How do I deposit or withdraw my money?

Deposits

  • TD Bank mobile app
  • Cash or check at ATM
  • TD Bank store
  • Email a check
  • Direct deposit
  • Wire transfer
  • Zelle payment
  • Transfer from another bank

Withdrawals

  • ATM using your debit card
  • Zelle payment
  • TD Bank store
  • Wire transfer
  • Cash back at retail stores

What other checking options does TD offer?

TD Bank offers four other checking account to eligible customers:

  • TD Convenience Checking. Similar to the TD Student Checking account but without waived monthly fees. When you turn 24, your TD Student Checking becomes a standard TD Convenience Checking account.
  • TD Beyond Checking. If you have an account balance of at least $2,500, TD Bank’s newest account waives all monthly maintenance and ATM fees — even at ATMs outside its network.
  • TD Simple Checking. Don’t want to worry about maintaining a minimum account balance? Pay a $5.99 monthly for the benefits of checking.
  • TD 60 Plus Checking. This interest-bearing account is available to those ages 60 and older, and TD Bank waives the monthly maintenance fee if your daily account balance is at least $250.

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