TD Bank Checking Account Bonus, New Customers Can Get $300 In Select States

April 5, 2017

TD Bank is offering two bonuses for $150 and $300 when you open a new checking account. This is the same offer that was around late last year. The $300 bonus is the highest they’re offered, so take a look at the requirements below, to see if you qualify.

Requirements

$300 bonus offer when opening a TD Premier Checking
- Bonus offer available to eligible new personal checking Customers when opening a TD Premier Checking account with cumulative direct deposit funds of $2,500 or more into the new account within 60 days of account opening.
$150 bonus when opening a TD Convenience Checking
- Bonus available to eligible new personal checking Customers when opening a TD Convenience Checking account with cumulative direct deposit funds of $500 or more into the new account within 60 days of account opening.

For both accounts, the bonus will be credited into the new personal checking account no later than 95 days from account opening, assuming the conditions are met. Account must remain open, active, in good standing, and in the same product type through the qualifying period to receive the bonus. As with most bank bonuses, it will be reported as taxable income to the IRS on a 1099-MISC. One bonus per Customer and cannot be combined with any other offer.

Eligibility

This offer is available to residents in CT, DE, Washington D.C., FL, ME, MD, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA.

Offer is available only to new personal checking Customers who do not have an existing or prior personal checking account at TD Bank. This means that if you have had a TD checking account previously you do not qualify.

Fees

The TD Premier Checking account, which is required to get the $300 bonus, has $25 monthly fee that is waived with a minimum daily balance of $2,500.

The TD Convenience Checking account, which is required to get the $150 bonus, has $15 monthly fee that is waived with a minimum daily balance of $100.

Guru’s Wrap-Up

The $300 bonus makes more sense if you have $2500 to leave in the account for 3 months, in order to keep fee free. One issue is the direct deposit. If you can easily switch your direct deposit, that would be the best option. Otherwise, you can do a ACH transfer from another checking account such as Capital One, Chase or Discover.

Offer Details

Apply Here
Account Type: Premier Checking (or Convenience Checking)
Availability: CT, DE, Washington D.C., FL, ME, MD, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
Expiration Date: None
Inquiry Type: Soft pull
Credit Card Funding: Yes, up to $300
Direct Deposit Requirement: $2,500 total in 60 days ($500 for $150 bonus)
Monthly Fee: $25 waived with $2500 balance ($15 for Convenience Checking, waived with $100 balance)
Closing Account Fee: Must be kept open for 90 days