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TD Bank offers checking and savings accounts geared toward students, seniors and everyone in between. The bank charges a monthly maintenance fee on most of these accounts, but it waives the fees for customers who maintain a minimum balance or meet other qualifying criteria.
Keep reading to find out more about TD Bank account fees and how you can avoid paying them.
Quick Take: TD Bank Maintenance Fees
TD Bank charges monthly maintenance fees for certain checking or savings accounts that you open. Essentially this is a service fee for using the products or service. For many of these accounts, the fee can be easily waived by maintaining a minimum balance, linking eligible accounts, setting up direct deposits and more.
TD Bank Checking Account Fees
As listed in the table below, TD Bank’s checking account fees range from $0 to $25 per month, depending on which account you have. The Student Checking account is the exception — it’s the only fee-free checking account TD Bank offers.
TD Bank Checking Account Fees
| Account | Monthly Service Fee | How To Avoid the Fee |
|---|---|---|
| TD Beyond Checking | $25 | Fee can be waived by either: – Having $5,000 or more in direct deposits within a statement cycle – Maintaining a $2,500 minimum daily balance – Having a $25,000 minimum daily combined balance across all eligible linked TD Bank accounts |
| TD Complete Checking | $15 | You can waive the fee by either: – Having $500 or more in direct deposits within a statement cycle – Maintaining a $500 minimum daily balance – Having a $5,000 minimum daily combined balance across all eligible linked TD Bank accounts |
| TD Essential Banking | $4.95 | N/A |
| Student Banking | $0 | N/A |
TD Bank Savings Account Fees
TD Bank’s monthly savings account fees range from $0 to $15, depending on the account.
TD Bank Savings Account Fees
| Account | Monthly Service Fee | How To Avoid |
|---|---|---|
| TD Signature Savings | $15 | You can avoid this fee by maintaining at least a $10,000 minimum daily balance or linking to an eligible TD checking account. |
| TD Growth Money Market | $12 | This fee can be waived if you: – Are over the age of 62 – Keep at least $2,000 as your daily balance – Link your account to a TD checking account |
| TD Simple Savings | $5 | In your first year of owning the account, you can waive the fee by having a $25 recurring transfer from a TD checking account. After that, the daily balance you need to waive the fee is $300. Your monthly fee will also be $0 if you are under 18 or over 62. |
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How To Avoid TD Bank Overdraft Fees
An overdraft fee is the amount a bank charges you in the event you spend more than you have in your checking account. Although TD Bank won’t charge you for overdrafts of $50 or less, if you overdraw by more, you’ll pay $35 for each occurrence, up to three occurrences — or $105 — per account, per day.
The best way to avoid TD Bank overdraft fees is to keep track of your account balance and your budget so you don’t overspend. In the event a mistake does happen, TD Bank account has tools you can use to reduce the fee or eliminate it entirely.
1. Opt Into Overdraft Protection
Overdraft protection lets you link any TD savings account to your checking account. In case of an overdraft, the amount you’re short will be transferred from the linked savings account to cover the withdrawal.
2. Stick With Standard Overdraft Service
TD Debit Card Advance is an optional program that overrides the bank’s Standard Overdraft Service to allow one-time debit transactions like card swipes to go through even if they’ll overdraw your account. This might be a nice convenience, but it’ll cost you $35 per occurrence, up to five occurrences per day. Sticking with TD Bank’s Standard Overdraft Service will ensure that these one-time transactions will be declined if your balance can’t cover them.
3. Subscribe To Low Balance Alerts
TD Bank offers several account alerts, including one that notifies you when your balance drops below a certain amount. You choose the amount or, better yet, set several so you’ll always know how much is in your account.
How To Avoid TD Bank ATM Fees
You can use TD Bank ATMs in the U.S. and Canada free of charge no matter what checking and/or savings account you have. The fee for using a non-TD Bank ATM is $3 for most accounts, but TD Beyond checking and savings customers can use those for free as well. What’s more, TD Bank reimburses fees charged by the non-TD Bank ATM terminal or network as long as you maintain a $2,500 minimum daily balance in your Beyond account.
Final Take To GO
You’ll get the most benefit from your TD Bank account when you meet the criteria for the special perks the bank offers. Here are some rewards you can earn in addition to the maintenance fee waivers for maintaining a specific minimum balance, scheduling qualifying direct deposits or linking your TD checking and savings accounts:
- Get a “rate bump” for depositing at least $50 per month into your TD Growth Money Market account or linking a qualifying account to your TD Beyond Savings account.
- Simplify saving by scheduling automatic transfers to your Simple Savings account from other TD Bank accounts.
- Earn interest-rate discounts on personal and home-equity loans with a qualifying TD Bank checking account.
- Keep your accounts secure with contactless debit card payments and transaction alerts.
To view the TD products and services, visit the TD Bank website or pop into a local branch location to speak with a bank representative.
FAQ
- What is TD Bank's $15 maintenance fee?
- To avoid the $15 monthly maintenance fee for the Complete Checking account, you can do the following:
- Have $500 or more in direct deposits within a statement cycle
- Maintain a $500 minimum daily balance
- Have a $5,000 minimum daily combined balance across all eligible linked TD Bank accounts
- To avoid the $15 monthly maintenance fee for the Complete Checking account, you can do the following:
- What does the maintenance fee mean for TD Bank?
- Maintenance fees for TD Bank are like monthly service fees and typically range between $0 to $25. Many of them can be waived by maintaining the required minimum balance.
- Does TD Bank charge if you go under $100?
- Yes. For example, to avoid the $5 maintenance fee on the TD Simple Savings account, you have to maintain a minimum balance of $300. If you don't, you'll incur the monthly fee.
- Does TD Bank charge a monthly fee?
- Yes, TD Bank does charge a monthly fee for many of its checking, savings or money market accounts. However, many of the fees are avoidable by maintaining a specified balance or making the required amount in direct deposit.
More on TD Bank
- TD Bank Review: Convenience, Selection and Service
- Newest TD Bank Promotions: Best Offers, Coupons and Bonuses
- TD Bank Routing Number – Locate Your Number
- How To Open a TD Bank Account
- TD Bank CD Rates
- What Are TD Bank’s Hours?
More on Avoiding Monthly Fees
- Bank of America Fees
- Chase Bank Fees
- Citi® Fees
- PNC Fees
- Truist Maintenance Fees
- Wells Fargo Fees
Caitlyn Moorhead contributed to the reporting for this article.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
Data is accurate as of Aug. 15, 2024, and is subject to change.
