Posted by Chuck on April 4, 2017
Checking Accounts

Published on April 4th, 2017 | by Chuck

126

TD Bank up To $300 Checking Bonus [CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA]

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA only
  • Direct deposit required: Yes, $500+ for $150 bonus or $2,500 for $300 bonus
  • Additional requirements: None
  • Hard/soft pull: Soft
  • Credit card funding: Up to $300 (a lot of cards process as cash advance)
  • Monthly fees: Up to $25, waive-able
  • Early account termination fee: None
  • Household Limit: None mentioned
  • Expiration date: Unknown

The Offer

Direct link to offer

TD Bank is offering two checking sign up bonuses of $150 and $300 depending on the account-type:

  • Earn $150 when you open a TD Convenience checking account and receive direct deposits totaling $500 or more within 60 days
  • Earn $300 when you open a TD Premier/Relationship checking account and receive direct deposits totaling $2,500 or more within 60 days

Screen Shot 2017-04-04 at 1.25.13 PM Screen Shot 2017-04-04 at 1.25.07 PM

The Fine Print

  • Offer is available to new personal checking Customers who do not have an existing or prior personal checking account at TD Bank, open their account online via this web page and complete the required qualifying criteria.
  • $300 bonus offer available to eligible new personal checking Customers when opening a TD Premier CheckingSMaccount with cumulative direct deposit funds of $2,500 or more into the new account within 60 days of account opening. $150 bonus available to eligible new personal checking Customers when opening a TD Convenience CheckingSM account with cumulative direct deposit funds of $500 or more into the new account within 60 days of account opening.
  • Qualifying direct deposits are recurring electronic deposits of your paycheck, pension or government benefits (such as Social Security) from your Employer or the Government. Person-to-Person and bank transfers between your TD Bank accounts or accounts you have at other financial institutions or brokerages do not qualify.
  • Once the offer criteria is met, the bonus will be credited into the new personal checking account no later than 95 days from account opening.
  • Account must remain open, active, in good standing, and in the same product type through the qualifying period to receive the bonus.
  • Bonus will be reported as taxable income to the IRS on a 1099-MISC.
  • Offer may be withdrawn at any time and is subject to change.
  • One bonus per Customer and cannot be combined with any other offer.
  • TD Bank employees and Canadian cross-border banking Customers are not eligible.

Avoiding Fees

TD Convenience Checking $15 Monthly Fee

This is waived if you have a minimum daily balance of $100.

TD Premier Checking $25 Monthly Fee

This is waived if you have a minimum daily balance of $2,500.

Early Account Termination Fee

In their online fee schedule, there is no mention of an early account termination fee. This comment confirms the same.

Our Verdict

Given that you can only get this bonus once per lifetime, it’s worth going for the $300 bonus as it’s not that much more difficult to trigger the bonus requirements or keep it fee free. $300 is also the largest bonus we’ve seen on this account (it fluctuates between $150/$300 and then reduced to $100/$200). We will be adding this to our list of best checking promotions.

If you run into the issue of them being unable to verify your identity, try using your passport instead of your drivers license. Also according to this you can open out of state via phone, but not possible to get the bonus (share any other date points you have below).

(Hat tip: can’t remember who)

Useful posts regarding bank bonuses:



126 Responses to TD Bank up To $300 Checking Bonus [CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA]

  1. Yet Another Redditor says:

    Isnt this an affiliate link? Says so on the page header.

  2. Jon says:

    I just opened up this account last week. Something I noticed is they let you mobile deposit MOs, which I didn’t see posted in any forums. Right now my limit is small: is 500/day, 1000/month, but it should go up from there once the account ages a bit.

  3. Emily says:

    In light of M&T raining down irresistible (and fast to post!) bonuses on us, would appreciate anybody’s DPs as to which banks are especially Chex sensitive.

    I’m in MA, and Webster just shut down a checking account I had opened 3 weeks ago for the $350 bonus (before I started churning M&T hard) due to information on my Chex report! Found that incredibly odd!

    Would love to go for this one too, but I’m now wary that I’ve been going too hard and fast on Chex.

  4. Onsale says:

    What kind of luck have people had using the list of methods that banks count as direct deposits? I’m trying to figure out if it is worth the bother of trying to get one of these bonuses that require a direct deposit when you have to rely on “non-traditional” forms of direct deposit.

    Have you had success?
    Have you had failure?
    What’s been the proportion of outcomes between success and failure?
    All else being the same, does the probability of success justify the effort and time? (I realize that trade-off can be different for everyone, but generally speaking…)

  5. Rob says:

    Can you downgrade to the TD Convenience Checking after a while?

  6. Eric says:

    Has anyone attempted a TD bonus that was an existing customer? I’m curious if they enforce the terms.

  7. Reg says:

    I do not see the geographic restrictions in the terms. How do you know that it’s limited to those states?

    If it is in the terms or I missed it, has anyone successfully received the bonus from a state that isn’t listed.

  8. Max says:

    Takes like 2-3 months for bonus to post after meeting requirements, annoying to have 2500 tied up for that long.

  9. Mark says:

    Beware: The $300 credit card funding (MC/Visa only) is sent through as a cash advance (at least for a Chase card)!

  10. Superchurn says:

    So, call me crazy, but has anyone tried opening this account and offer via phone to get around the state restriction?

    Its not fun, but I have opened an account over the phone with BMO before…just a thought for all of us not living in the appropriate dropdown selection.

    If not, I just might try and become the datapoint I seek.

  11. Steve says:

    Last time i tried signing up online, a few months ago, it was unable to verify my identity or something so i couldnt complete the application. I tried my state ID and passport and it wasnt working. I’ll cross my fingers and try it again soon.

  12. AndyK says:

    Called them just now to ask if I am eligible for this promo… in other words to ask if I have ever had an account with them due to bank mergers and so forth. And the first thing the dude said was that even if I had ever been a Commerce bank customer (which I guessed got gobbled up by them) then I would still be eligible because I wasn’t a TD Bank customer. Reason I am typing this is because I have been reading in the comments sections for these TD Bank promos on this site about “a Commerce account in the past making them ineligible” so I thought I would just post what the guy just told me. On a side note, my social brought up nothing so perhaps I will give this a try even though I don’t have a “valid” FL address anymore but my FL license is still valid.

    • AndyK says:

      Well, received no targeted checking offer from BOA today (am waiting on one) so said ok, what the heck and did this one instead. No probs using my FL license as ID. I did leave the funding totally empty and website said if you don’t fund it within 45 days they will close the account. Well, that should work out cuz I plan to do a 2500 push from either discover or schwab – whatever some more datapoints show as working – on pension payday 1 May so am thinking I shouldn’t incur any $25 maintenance fee before that 45th day which is mid may. On a side note, as an overseas retired ex-mil with my FL license expiring on my b-day next year, I need to do as much of these acct bonuses as I can as there’s no way I am going back to the states just to renew my dr license 😉

  13. LagerBack says:

    Am I eligible for this bonus based off of below experience?

    I did this $300 promo last June and I did not get the bonus because I didn’t meet the dd required amount (I literally missed it by a day). Although I didn’t get the bonus, I still kept the TD checkings account until last month March when I decided to close it. So my status with TD Bank is I did have an account with them before, but never earned a promo bonus from them.

  14. John says:

    Tried to fund $300 with Chase CSR. Cash advance limit lowered to $100 before funding. Received an email saying funding was unsuccessful.

  15. Data point: I got an email that my funding was unsuccessful with my Citi Double Cash card with CA limit set to $0.

  16. Will Ryan says:

    This page doesn’t say anything about a state restriction, are we sure that is still the case?

    https://www.tdbank.com/checking-aff-incentive-59/

    Also any DP’s on DD? It specifically says no brokerage accounts, so no Schwab/Fidelity if they are able to detect that. How are people meeting that requirement?

  17. Gadget says:

    Tried $300 funding on Chase U/L. Been two business days now and nothing posted, no temp authorization or holds, so I think it bounced. C/A limit is set to $20 previously, to avoid the possibility of getting hit with the CA fees. Either that, or they are just slow about processing the opening deposit.

  18. Guillermo Lover of Life says:

    Funded with CIti AA and posted as cash advance. Tried to call to lower cash advance to $0 before funding account, but CSR said that the card couldn’t be lowered below $750. Any way to get this fixed o CSR being misinformed? Since I’m now seeing other people able to lower their CIti Cash Advance limits

    🙁

    Don’t really want to pay that fee.

  19. marshall says:

    Can I open in branch?

  20. marshall says:

    It shows”We can’t find you in the public record.

    The most common reason this happens is discrepancies between the personal information you provided and the public record – for instance, name, contact information or forms of ID.

    If you think this is the case with your application, please try again.

    Call us 24/7 at 1-888-751-9000 Visiting a TD Bank near you”

    What can do? if I open in branch, will they honor the account opening bonus?

  21. marshall says:

    Can I open it in branch to get this offer? The online application doesn’t allow me apply online and ask me to go to branch, but I’m not sure if the offer still valid if I apply in branch.

  22. ThanksDoc! says:

    DP:

    2/16 Completed one ACH push from PNC for $1500

    2/23 Completed one ACH push from Chase for $1250

    4/13 Bonus Posted

    Seems both Chase and PNC counted as DD, as neither individual push was enough to satisfy the requirements.

    • MarcoPolo says:

      @ThanksDoc!

      What did you do to keep the account fee free for those two months?
      OR
      Did you leave the $1500+$1250 in the account till the bonus posted?

    • RS says:

      Chase checking $2,500 transfer/ACH also worked for me as the “direct deposit”. I’ll keep $2.5k in the account till the $300 bonus posts to avoid fees.

      • Keenan says:

        @RS How do you know it worked as the “direct deposit” if the bonus hasn’t posted yet? Did you call them to confirm?

        • RS says:

          @Keenen Yes, I called (on 2 separate occasions) and was told the direct deposit criteria for the bonus had been met, and the bonus should post within 95 days. I’ll update when that happens or if there are any issues.

          • RS says:

            Also I’ve seen the PSA about not calling (http://www.doctorofcredit.com/dont-call-the-bank/), but I had to call them for other issues, and simply asked if I’d met the bonus criteria and was told “yes”.

          • Keenan says:

            Thanks RS. For me, it seems they can’t tell if the promotion is on the account when asked or through SM. Although no deposits yet here. Maybe a deposit needs to post for it to trigger. Sounds like they are able to tell with your account since a deposit posted.

      • CChris says:

        Could you tell me how did you do the transfer from Chase? Was it just a transfer between accounts or was it done via Bill Pay? This will be the first I do this so I’m not sure which one to use. Thank you.

    • CChris says:

      Could you tell me how did you do the transfer from Chase? Was it just a transfer between accounts or was it done via Bill Pay? This will be the first I do this so I’m not sure which one to use. Thank you.

      • RS says:

        Hi yes, it was a transfer between accounts (from Chase checking). Chase has the instant external account linking/verification by providing account & routing #’s and signing in online (no trial deposits required), which was convenient.

  23. Nathan says:

    Is there any DP’s on downgrading the account before the bonus posts and still getting the bonus?

  24. BigD says:

    Anyone from Georgia who was able to open this account and get bonus??

  25. RS says:

    There’s needs to be a warning that TD Bank treats the $300 in credit card funding as a “cash advance” instead of a “purchase”. I now have to call them to fight the classification and try to get the cash advance fee reversed. Very frustrating!!!

  26. Wendel says:

    Successful funding of $300 with Ritz Carlton Visa. I never adjusted cash advance with Chase so it’s entirely possible it codes as CA to start with. Selected Visa Credit from the drop down during the app process.

  27. Deagan says:

    At the bottom of the customer service forum (https://www.tdbank.com/tdhelps/default.aspx/300-dollars-bonus-to-open-a-new-td-premier-checking/v/44854309/) , there’s a staff comment saying that the promotion is no longer there. There’s no mention of when the promotion ended though. Can y’all provide DPs for recent applications that got the bonus?

  28. NBG says:

    Any recent DP on how long it takes for the bonus to post?.
    I Opened 2/27 and Employer DD of $2500 on 3/3. Still no bonus in sight. Too early?.

    • joE says:

      rules said within 95 days of account opening so looks like you have a bit more to go.

      if you don’t see it within that time frame then you’re going to have to call them. Keep us posted please.

  29. Salen says:

    Opened on 2/28 and pushed $2500 from Capital One 360 account on 3/2. Coded as DIRECT DEPOSIT on statement. Sent an e-mail inquiring about bonus yesterday and just heard back that my deposit did not in fact count as DD. E-mailed back to argue my case. Will report back if anything changes…

    • joE says:

      Very interesting because as you probably already know it “shows” as direct deposit under type when you log in. So keep us posted on what happens.

      Thanks

    • Jeff says:

      Any update on this? I also used Capital One 360 as my direct deposit. Thanks.

    • jcm says:

      Hmm, I used Cap One too. Going to be irritated if it doesn’t go through, since the online banking has Type DIRECTDEP.

      • jcm says:

        My bonus just came in. I opened the account in late February, made the initial deposit in early March, and then ACH pushed $2550 from Capital One 360.

  30. Avi says:

    DP: Santander ACH push caused a Direct Deposit for my TD Premier

  31. bmanamex says:

    DP: Vanguard Brokerage did not trigger the bonus 🙁
    After a good run of using it as my hub, I have to use something else for this bank going forward.

    • How long did you wait?

      • bmanamex says:

        2/10: Opened Account
        2/22: Deposited $2500 and left it there.

        Sent Secure Message because it’s been almost 3 months, and they said I did not fulfill the requirements.

        Trying to fight it because Vanguard codes as DIRECTDEP.

        • bmanamex says:

          Ok forget the above…I think it hasn’t paid out because I just remembered I used to have a TD Ameritrade Brokerage options account like 7 years ago.

  32. Dan says:

    Chase push did not trigger a bonus.
    Where in the account page, it is coded as Direct Deposit.
    Account was opened early March.

    • When did you receive the Chase deposit? Bit early to definitively say it didn’t trigger the bonus I think?

      • Dan says:

        Sorry it was a typo.

        Account opened on Feb 10 2017, Chase push 2500 on Feb 23

        Send a message to them today. Response as follows:
        “Thank you for contacting us in regard to a promotion.

        We apologize, however it does not appear that your account met the requirements for qualifying deposit activity.

        Qualifying direct deposits are ……blah blah blah……. “

    • Dan says:

      Update to the Original Reply.

      Bonus posted on May 23

      Push from Chase Checking.

  33. seespotjump says:

    Anyone try this in California?

  34. bmanamex says:

    While complaining today to CSR through Secure Message, they sent me this email alluding to being able to get a personal checking bonus if you have been a PREVIOUS CUSTOMER, just not personal checking customer. I can’t verify this, because I can’t find their offer anywhere on the site.

    Thank you for contacting us in regards to the checking account offer.

    TD Bank is currently offering a new promotion that is available only through the Online Banking, by clicking on the “apply now” through the Ad on TDbank.com. Once the account has been opened through the landing page, the applicant can choose between one of two options:
    • Open a TD Convenience CheckingSM account plus receive direct deposit(s) totaling $500 or more within 90 days of account opening to earn a $150 bonus
    Or
    • Open a TD Premier CheckingSM account plus receive direct deposit(s) totaling $2,500 or more within 90 days of account opening to earn a $300 bonus

    Qualifying direct deposits are recurring electronic deposits of your paycheck, pension or government benefits (such as Social Security) from your Employer or the Government. Person-to-Person and bank transfers between your TD Bank accounts or accounts you have at other financial institutions or brokerages do not qualify.

    The account must be opened for at least 125 calendar days to receive the incentive. In addition the applicants must be a new personal checking customer, meaning, they must have no existing or prior personal checking accounts at TD Bank. However, they may have an existing relationship at TD Bank.

    Due to this we will be unable to check the status of the promotion until the 125 days has been completed. Please reply back to this secure message or contact us again once this time period has passed.

    We apologize for any confusion.

  35. Maxwell B Turner says:

    Multiple direct deposits from different banks totaling >5k in first 2 months and td tells me i have not met the requirements for the deposit bonus 3 months later. Fuck these cunts.

  36. Patti says:

    Has ANYONE received a bonus from TD lately? It seems the past 3 weeks or so a lot of people have been disappointed. I pushed $2500 in from CO360 on 3/14 then again in April from Wells Fargo just to be on the safe side since this is a one-time deal.
    I opened the account on 3/8 so officially July 11 is the 125 day mark.
    Feels like an eternity compared to M&T. 🙁
    I hope it’s not all for nothing.

  37. Ray says:

    Finally 300 bonus posted today.
    Here is the timeline: opened my account on 02/08, first DD $1000 from Chase push on 03/10, second DD $1500 push on 03/24, shown as “JPMORGAN CHASE EXT TRNSFR”, Chase definitely triggered the bonus. Also made another DD from Citi shown as “CITIBANK XFER P2P” just for testing. Today 05/23 bonus posted (actually posted 05/22 night)

  38. bmanamex says:

    New DP: Vanguard Brokerage works for DD
    2/8 – Opened Account
    2/15 – Deposited 2.5k
    5/24 – Bonus Posted

    They claimed I was under the “up to 125 days to post” bonus, but it took about 100 days for it to post. Some CSRs said I had been ineligible as my direct deposits were not “real direct deposits” but it posted any way. Other CSRs were able to confirm that I had met the requirements.

    Hang in there, it just takes a while to post.

    Also, I had a TD Ameritrade brokerage account that was closed about 6 years ago, and this still posted. I had not received a bonus in that brokerage account.

    • Dan says:

      true. Just have to wait it more for the credit to post despite CSR said that the DD is ineligible.

      DD from my chase checking.

      Credit posted on May 23

  39. Josh says:

    DP-Citi Costco Cash VISA DID NOT code as cash advance for opening deposit.

  40. Gary says:

    hey guys, I often read all of the comments posted and being someone that works in the industry, I think it would help all ‘readers’, if someone walks thru the process of doing a DD push, as many of us (me included) dont know how to do it. I know only certain deposits trigger the Bonus so can someone just walk us thru 2 examples of ways that a person can send themselves a direct deposit to trigger the deposit? I would greatly appreciate it.

    • Adrian says:

      You work in the industry, and you don’t know how to set up ACH transfers?

      Hm…nice try TD Bank.

    • Anna says:

      @ Gary
      It’s all there in the original post.
      Just click the hyperlink “A Beginners Guide To Bank Account Bonuses” below “our Verdict”

  41. Gary says:

    hey Adrian, to be clear, I work in the financial industry, not for a bank…so rather than you assume anything, just ask…no need to be a sarcastic asshole..lol…clearly, you’re not interested in contributing to anyone as my question was pretty simple and straightforward….so if you have nothing to contribute, then dont say anything…lol..what an idiot

  42. John says:

    Open 2/21, pushed $2500 next day from chase, no bonus to date

    • Anna says:

      I am also waiting for my bonus and $25 monthly fee already posted.
      If the bonus doesn’t post then this will be the first promotion I’ll will be losing money.
      Finger’s crossed.

  43. DT says:

    Bonus posted yesterday. Timeline:
    2/14 – Account opened
    2/21 – $2500 ALLY BANK P2P
    5/31 – $300 bonus

  44. R W says:

    Received the bonus on 5/31.

    Account Opened 3/23
    $2600 Amex Saving Account Push 3/23

    Easy $300.

  45. C Lane says:

    Bonus Applied 5/31/17
    Account Opened 2/16/17

    $2500 CapitalOne360 Checking Push 2/23/17
    * it will show as P2P on your paper statement, but will show as a DD on the online inquiry

  46. JC says:

    2/16 – Premier Accnt Opened
    3/01 – $2500 DD Discover Checking
    5/31 – $300 Bonus posted

    Thank you DoC! 😉

  47. Cristi says:

    Funded $300 with BoA Alaska business card. Coded as purchase.

  48. Ben says:

    04/07 – Premier Checking Acct opened
    04/27 – $3500 Transfer from Cap One 360 posted as DIRECTDEP
    06/14 – $300 Bonus posted

    Additional notes:
    -I pulled the $3500 out a couple of days after the transfer from 360.
    -Was never charged any fees

    I will SM to close within the next couple of days…Thank you DoC and thanks to everyone who has provided valuable DP’s

  49. Greg says:

    4/10 – Opened Account
    4/18 – $2500 transfer from Capital 1 – showed as DIRECTDEP CAPITAL1 P2P
    4/24 – $2500 transfer from Capital 360 – showed as DIRECTDEP CAPITAL ONE N.A. CAPITALONE
    6/9 – $2500 real payroll DD – concerned after some DPs indicated 360 may not count as DD
    6/14 – $300 Bonus hit
    Looks like I probably didn’t need to do a real DD but oh well.
    Thanks DOC and All for the great info!

  50. AndyK says:

    4/05 – Opened account with $25
    5/03 – ACH $2500 from Chase Premier Plus Checking Account (which I only opened for that $300 bonus)
    6/14 – $300 TD Bank Bonus… bingo!

    As I wrote earlier in this thread I used my soon to expire FL drivers license to open the TD Bank account even though don’t live FL anymore since I am retired mil living overseas with FPO address but used the FL address that’s on my license. Who knows where the paper checks ended up haha. Closing this account after doing a pull from Fidelity for $2825 puts this project to rest…

    Thanks for the posting DOC!

  51. KS says:

    Bonus posted here as well. Seems like a number of us here were in that batch distribution.

    DP:
    04/10: opened
    05/23: $2500 Capital One ACH
    05/27: $2500 real DD
    06/14: $300 bonus posted

    Both deposits posted as DIRECTDEP type.

  52. Juangui says:

    4/4 – Opened Account
    4/10 – $2500 transfer from Capital One 360
    6/14 – $300 Bonus hit

    As most of said, looks like we were on the same batch of bonus disbursement.

  53. Wes says:

    4/4: account opened
    4/10: ach push $2505 from Chase personal checking account
    6/14: $300 bonus posted

    Thanks, Doc!

  54. stammers95 says:

    DP: Hey guys, I am not sure what is special with my TD Bank account but I opened my premier checking account on June 20th and then on the same day I ACH transferred $2,525 from my Etrade account which posted on the June 21st. It’s now June 22nd (2 days after opening account) and I now see the $300 bonus being posted to my checking account. This turnaround time frame is as good as M&T bonuses and I have seen many DP saying that it takes 60-90 days from opening account. I do have a TD Ameritrade account but I don’t believe their systems are linked in anyway. The only thing I can think of is that when this offer was initially launched, the traffic for this bonus may have been high and it took longer to post to individual accounts. Im sure TD Bank anticipated for this high demand and maybe why they added the 95 day language. At any rate, awesome and many thanks Dr of credit for yet another bonus deposited in my name.

  55. NBG says:

    How long does it take for the account to be closed?.
    I SM’d them on 6/20 and still no response so far.
    Also what option did u choose in the SM menu?

  56. Mike says:

    guys, in the fine print it says DD can only be paycheck, pension, or govco benefits….how are you guys getting the bonus when you transfer $$ from other financial institutions?

    “Qualifying direct deposits are recurring electronic deposits of your paycheck, pension or government benefits (such as Social Security) from your Employer or the Government. Person-to-Person and bank transfers between your TD Bank accounts or accounts you have at other financial institutions or brokerages do not qualify.”

    • Patti says:

      Yeah Mike, that’s all talk. Most often, it can’t tell the difference. When funds get pushed into an account, it assumes it’s a dd.

  57. Patti says:

    Finally!!
    Bonus of $300 just posted this morning. Opened account on March 9.
    I was trying so hard to not give up all hope. Hang in there!
    (DDs were pushes from Cap One 360 & Wells Fargo)

    Thank you DoC!!!!

  58. Eli C says:

    DP: applied online Friday for new account (I’ve never banked w/ TD before), approved, tried funding $300 w/ Chase Sapphire Reserve, has $100 cash advance limit, charge declined.

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