![]() TD Bank has branches in North Carolina and South Carolina Citizens Bank doesn't have locations in these states, but it does have locations in Michigan and Ohio where there aren't any TD branches.Ĭitizens Bank also might be more appealing if you frequently use ATMs. The best choice for you may ultimately depend on where you live. Both banks let you open a checking account with no minimum opening deposit. If you'd like to open a checking account with a low initial deposit, TD Bank and Citizens Bank have good options. Bank of America customer support is available over the phone during select hours on weekdays and weekends. You'll also prefer TD Bank to other institutions if you'd like to get 24/7 customer service. TD Bank lets you open a checking account with $0 minimum opening deposit. At Bank of America, you'll have to deposit anywhere from $25 to $100. If you don't have money to open a checking account, you'll probably prefer TD Bank. We've compared TD Bank checking accounts with accounts at two other big-name banks along the East Coast: Bank of America and Citizens Bank. Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down. You'll prefer one of TD Bank's other checking accounts if you want the option to waive monthly service fees. However, the biggest downside to this account is that the monthly service fee can't be waived. The TD Bank Simple Checking Account might be a decent choice if you don't want to worry about minimum balance requirements. TD Bank provided correspondent banking services to Stanford International Bank. In 2023, the bank also had to pay $1.2 billion in a settlement that claimed the bank was involved in a Ponzi scheme started by Robert Allen Stanford, the former chairman of Stanford International Bank. In 2020, the US Bureau of Consumer Financial Protection required TD Bank to pay $122 million in a settlement that accused the bank of charging customers a Debit Card Advance service without their permission. TD Bank has been involved in recent public controversies. The Better Business Bureau grades companies based on how they deal with customer issues. $0 refunds provider fees if your balance is $2,500Īre TD Bank Checking Accounts Trustworthy? $5.99 monthly service fee cannot be waived Your deposits are FDIC insured for up to $250,000, or $500,000 for joint accounts. The mobile app has received positive reviews, with 4.8 out of 5 stars in the Apple store and 4.3 out of 5 stars in the Google Play store. Many branch locations are also open seven days per week if you want to speak to someone in person. You can speak with a live customer support representative 24/7. In 2022, TD Bank eliminated the fee for overdraft account transfers. You can also link your checking account to your savings account to cover overdrafts. With Grace Period, TD will refund overdraft fees when you restore your account balance to at least $0 by 11 p.m. However, the bank also has several overdraft protection services to help you avoid overdraft fees. TD Bank charges a $35 overdraft fee, up to three times per day. ![]() It also ranks as one of Insider's best national banks. TD Bank has over 1,100 branches and 2,600 ATMs along the East Coast. But if your main priorities are low monthly fees and good interest rates, you might prefer one of the best checking accounts with an online bank. You might like one of TD Bank's three primary checking accounts if you prefer banking face-to-face and live near a branch along the East Coast.
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