TD Bank Review

TD Bank Review [Online Banking, Credit Cards, & Loans 2022]

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TD Bank Review

TD Bank has a solid presence in the US with more than 1,200 physical branches. It offers a broad array of account options and provides outstanding customer service. It could be the ideal option for someone who values a renowned banking brand and a broad array of sign-up bonuses. The following sections provide a comprehensive TD Bank review so you can make an informed decision. 

Onto our TD bank review!

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Pros & Cons of TD Bank

Here are some of the key benefits and drawbacks of working with TD Bank. 


  • Possible Waive of Monthly Fee – TD Bank is one of the few banks that offers this to their customers. Depending on the specific account will determine what the qualifications are to waive that monthly fee. Most banks charge some sort of maintenance fee on a monthly basis. It can be waived according to the customer’s age or if they have a $300 balance in their account.
  • Variety – There are options for each kind of account that a customer may need. They have three different savings accounts and three different checking accounts. On top of this, they also offer different types of loan options to their customers. Each of these cater to a different kind of customer and their needs. 
  • Longer Branch Hours – Between the longer branch hours and the 24/7 customer service that is available, TD Bank works to make customer service a priority for their customers. 


  • East Coast Based – A majority of the TD Bank branches are located along the East Coast. This makes it difficult to use for customers that move or travel frequently. This would prove to be a disadvantage to many customers that may utilize this bank.
  • ATM Fees – There are fees that are associated with transactions when they are performed outside of a TD Bank ATM. If a customer is not in a location where there is a TD Bank ATM, they will have to pay a hefty fee when using another ATM. 
  • Low APY – Compared to most banks, TD Bank suffers from a low APY. Many customers will look to competitors for this very reason. They offer a 0.05% APY. Customers tend to want to make their money work for them rather than just sitting in one place. Their competitors such as Quontic offer a much higher APY up to 1.2%.

About TD Bank

TD Bank is a bank that strives to be convenient to all of its customers no matter what their needs may involve. They offer 1,200 locations with their services across the country. 

TD Bank is also known for offering a wide variety of services to their customers. They offer personal, small business, and commercial versions of their services. Their services include: checking accounts, savings accounts, credit cards, personal loans, home equity, and mortgage loans to their customers. They strive to make it a one-stop-shop where everything can be connected for their customers.

They also offer different versions of these services to their customers depending on what they are being used for. This makes it easier for customers to understand the banking process and everything that goes along with it. 

TD Bank Features

Online Banking Services

Overall, TD Bank has a comprehensive portfolio of five types of checking accounts and three savings accounts. This ensures variety even for discerning banking customers.

One main highlight of the bank is that they offer significantly more advantages than other competitors when it comes to opening multiple accounts. For example, there is a higher interest rate on savings accounts for customers who have another eligible TD Bank account. 

Despite its comprehensive physical presence, TD Bank has numerous benefits for customers who prefer to manage all of their transactions remotely.

Some of the main features include:

  • Online money transfers
  • Online bill payments
  • Personalized e-mail alerts
  • Mobile deposits through the TD banking app

The versatile app for mobile phones offers remote, 24/7 access to your account. You can send money, transfer funds between your personal accounts, make bill payments, view your balance, and many more. The enrollment for online services is also straightforward; all you need to do is provide your account and card number. On the other hand, TD Bank business accounts can be enrolled in online banking services only at a TD Bank branch. 

TD Bank Checking Accounts

TD Bank offers its customers three different checking account options. In each of these options, they offer their customers options for a waived maintenance fee, bonuses, and interest options. This is one of the few banks that offer all of these perks to their customers. The needs of the customer will decide what they end up choosing. 

TD Bank Savings Accounts

TD Bank also offers its customers three different savings account options. Each one comes with its pros and cons depending on the needs and wants of their customers. Unfortunately, most of the savings account options offer a low APY rate. On top of that, they also charge monthly fees to their customers unless they fall into one of the categories that eliminates them from paying that fee. Customers then have the ability to choose what they need out of their savings accounts. 

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TD Bank Auto Loan

Obtaining a loan for personal purposes is not a light decision. Fortunately, the stability and reputation of TD Bank can be major decisive factors in this regard. The auto loans come with numerous payment options, allowing you the flexibility you need for this purchase. Some of them include phone payments, directly from your checking account or a debit card, email payments, and CheckFreePay. 

It is worthwhile to mention that TD Bank is a financing lender, so you still need to find a qualifying dealership for your purchase. In other words, you buy the vehicle from a dealer, but all the processes and payments are managed by TD Bank. One shortcoming would be that the repayment terms and loan rates are established by the dealership, not the bank. As a result, you need to find a dealership first and then request a TD Bank auto loan. 

RELATED: Bank Of America Review.

TD Bank Personal Loans

TD Bank Personal Loans

There are four main types of TD Bank personal loans: unsecured, secured, express, or unsecured line of credit. The unsecured loan ranges from $2,000 to $50,000 and comes with no annual fee and an annual interest rate from 8.99% to 15.99%, depending on your circumstances. The express loan has the same terms but is capped at $15,000, while the funds may be available within 48 hours. Secured personal loans depend on your assets and personal factors, and the unsecured line of credit is between $20,000 and $50,000. To send an application for any of these loans, you must provide the social security number, income, employment details, and your monthly expenses. 

TD Bank Credit Cards

There are several choices when it comes to TD Bank credit cards, depending on your needs and requirements. The main ones and their primary benefits include: 

  • TD Cash Secured credit card ideal for building or rebuilding your credit score
  • TD Cash credit card offers bonus cash back on eligible purchases
  • TD First Class Visa Signature credit card offers travel bonuses
  • TD Business Solutions credit card offers cashback for businesses

To apply for a TD Bank credit card, go here.

Customer Service

TD Bank Customer Service:

TD Bank is a bank that exceeds expectations when it comes to customer service. They go above and beyond for their customers by offering them longer branch hours, online customer support, and a hotline for any banking-related question that is available 24/7. If that is something that someone is looking for out of their bank, TD Bank is an option for them.

If you prefer in-person customer service, TD Bank may fulfill your needs due to their large availability and longer business hours. For many branches, TD bank hours extend to the whole week, usually from 8 AM to 6 PM, but this depends on your location. 

In addition to this, you can access a 24/7 hotline for your convenience available by dialing 1-888-751-9000. Representatives can assist you in English or Spanish, but there are also translators available to help you in other languages. The TD Bank phone number you can access is 1-800-937-2000. This is an automated system available in both English and Spanish for maximum convenience. 

How TD Bank works

TD Bank offers its customers what you’d expect of a large bank. They provide checking and savings account options along with various loan types for the convenience of the customer. Customers can visit any physical branch location, use their ATMs, and call their customer service whenever they have a question about their banking. 

Along with the traditional banking services that they offer to their customers, they also offer online banking, customer support, and premier customer service. Every customer that they serve has the option to utilize these services that they offer to them. 

TD Bank Logo

TD Bank VS TD Ameritrade

TD Bank and TD Ameritrade are two different entities. In 2006, Ameritrade purchased TD Waterhouse, a division owned by TD Bank. In exchange, TD Bank obtained 40% shares in the resulting TD Ameritrade entity. Despite this, they operate independently, but they have an agreement in place according to which TD Bank refers its affluent clients to TD Ameritrade, while the latter sends referrals to TD Bank regarding home equity loans and mortgage. 


Chase VS TD Bank

In general, TD Bank and Chase both offer an impressive variety of banking services and products. Chase is one of the largest banking institutions in the US, providing a wide array of popular credit cards, checking options, mortgages, and loans. On the other hand, TD Bank has lower minimum balance requirements and 24/7 customer service via their hotline. Depending on your needs, any of these two banks might be suitable for you. 

TD Bank VS Bank of America

Bank of America comes with a great range of benefits, but if you are just beginning your financial journey, TD Bank may be more accessible for you. Bank of America is suitable for well-established clients with better income and an excellent credit score. On the other hand, it may take some time for you to be able to benefit from their perks if you have just started out financially. 

TD Bank Reviews & Complaints

According to, TD Bank was rated 3.5/5 stars with their highest section being in banking experience. This high score comes from the fact that they have long branch hours and free ATMs available to their customers. The only downside to this is that their ATM locations are limited and are only available in the states that they operate in. If a customer uses another ATM, they end up with very hefty fees from other banks. They were also rated well among their customers due to the fact that they offer a no monthly fee option and they have great sign-up bonus offers.  

Frequently Asked Questions (Faq)

Is TD Bank FDIC insured?

Yes, all TD Bank accounts are FDIC insured up to $250,000 per depositor.

Want to know what TD Bank stands for?

TD Bank stands for The Toronto-Dominion Bank.

Is TD Bank open on Sunday?

Generally, most TD Bank branches are open on Sundays from 11 am to 2 pm.

Is TD Bank open on Saturday?

Most TD Bank branches are generally open on Saturdays from 9 am to 1 pm.

What is the TD Bank routing number?

To find a list of all the TD Bank routing numbers, go here.

Who owns TD Bank?

TD Bank is a subsidiary of The Toronto-Dominion Bank of Canada.


All in all, TD Bank is an excellent institution ideal for personal uses and small businesses. The suite of personal accounts, loans, and credit cards are suitable for most purposes, while the long customer service hours add an extra personal touch to your experience. Although it might not be sufficient for premium clients, the bank is a great starting point for your financial needs. 

Head To TD Bank Website

Find out if TD Bank is the right choice for your banking needs.


Thanks for reading our TD Bank review.

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