Posted by William Charles on February 7, 2017
Bank Account Bonuses

Published on February 7th, 2017 | by William Charles

178

[Expired] TD Bank Up To $300 Checking Bonus + $100 Savings Bonus [CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, & VA]

This offer has expired, you can view more of the best checking bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: $300 for checking and $100 for savings
  • 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
  • Monthly fees: Up to $25, waive-able
  • Early account termination fee: None
  • Household Limit: None mentioned
  • Expiration date: March 11th, 2017

The Offer

Direct link to offer

  • TD Bank is offering three different checking sign up bonuses of $50, $150 or $300 depending on the bonus, they are as follows:
    • Open a TD Simple checking account or TD 60 Plus Checking account  and make $500 in debit card purchases within 90 days and earn $50
    • Open a TD Conveience checking account and receive direct deposits totaling $500 or more within 90 days and earn $150
    • Open a TD Premier/Relationship checking account and receive direct deposits totaling $2,500 or more within 90 days and earn $300
  • They are also offering a $100 bonus when you open a TD Select Savings account and maintain an average balance of at least $20,000 for the first 90 days.

td checking bonus $300-$400

The Fine Print

  • The primary owner of the new personal checking and/or new TD Select Savings account must be a new customer to TD Bank who does not have any existing or prior relationship with TD Bank.
  • The primary owner must also be the person who supplies a Social Security Number for tax reporting purposes.
  • The new personal checking and/or new TD Select Savings account must be opened the same day between February 6th and March 11th and complete the required qualifying criteria.
  • $300 bonus offer available to eligible new TD Bank customers when opening a TD Premier CheckingSM or TD Relationship CheckingSM account with cumulative direct deposit funds of $2,500 or more into the new account within 90 days of account opening.
  • $150 bonus available to eligible new TD Bank customers when opening a TD Convenience CheckingSM account with cumulative direct deposit funds of $500 or more into the new account within 90 days of account opening.
  • $50 bonus available to eligible new TD Bank customers when opening a TD Simple CheckingSM, TD Convenience CheckingSM, TD 60+ CheckingSM, TD Premier CheckingSM, or TD Relationship CheckingSM account and who completes $500 in Visa® Debit Card purchases within 90 days of account opening.
  • $100 bonus available to eligible new TD Bank customers when opening a TD Select Savings account and, within one week from the date open, making at least $20,000 in new deposits (funds not currently on deposit with TD Bank, N.A.) and maintaining an average balance of at least $20,000 in the new savings account for the first 90 days after 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.
  • Qualifying Visa® Debit Card purchase transactions are those made using a TD Visa® Debit Card to buy goods and services and are net of returns and other adjustments. ATM withdrawals do not qualify. Net qualifying purchases are determined in the sole discretion of TD Bank and must post to the new account within 90 days of account opening.
  • If the offer criterion is met within 90 days of account opening, the bonus will be credited into the new personal checking and/or new TD Select Savings account no later than 125 days from account opening.
  • Checking and savings bonus payments will be deposited into corresponding account, and payments may not occur on the same day.
  • 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 1099-MISC. Qualifying accounts must be opened online or in-Store. Accounts opened via phone do not qualify.
  • Offer may be withdrawn at any time and is subject to change. One checking and one TD Select Savings bonus per Customer and cannot be combined with any other offer.

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

According to this comment no early account termination fee.

In their online fee schedule, there is no mention of an early account termination fee. Whereas on this help page they say there is an early account termination fee of $15 if you close the account within 90 days. That page does redirect to the Canadian site so that may be the difference. In any case, we’ll be cautious and say to keep the account for 90 days before closing.

Our Verdict

I got excited when I first saw the up to $400 bonus as previously the best checking bonus has been $300, unfortunately $100 of that up to $400 is from the savings bonus. Let’s take a look at that first, you’re getting $100 for depositing $20,000 for 90 days, basically a 0.5% return over that time period (~2% APY). Lots of high interesting accounts offer a better return than that so I wouldn’t bother with that portion of the bonus.

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 was $150/$300 and then reduced to $100/$200). We will be adding this to our list of the best checking promotions.

Also 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 dp you have below).

Big thanks to reader, Sarah N who let us know. Please consider sharing bank bonuses with this site so we can make it even better.

Useful posts regarding bank bonuses:



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ayem
ayem

Last time unable to verify my identity online, later opened at a branch although it is a web only offer promo got applied. Completed the requirements waiting for the bonus.

Grant

If you apply for this offer in-branch, make sure to verify the promo code is linked to your account with your personal banker – most bonuses are only for online applications, but you can tell them the online application didn’t verify your info so you came into the branch to apply.

Jo
Jo

Grant: Can you please tell me how you opened the TD bank since Calif is not one of the states? Thank you

Frank
Frank

Did they let you apply in branch with this bonus?

Nick
Nick

I hope this doesn’t get reduced before the expiration. I world like to do it in March. Sadly, the last post had “unknown” expiration, so I can’t tell if they tend to reduce bonuses early.

Sa
Sa

“new customer to TD Bank who does not have any existing or prior relationship with TD Bank”, this would exclude all of us who have a credit card with TD bank?? What’s your understanding of it? Thanks.

E Dantes
E Dantes

Yes, seconded on that question. Does it include TD Bank credit cards (like Aeroplan)?

Adam
Adam

I opened a TD Premier account on Feb 6 when the bonus was still listed as only $200. Going to see if I can get them to match the $300 offer, especially since the fine print says “account must be opened between February 6th and March 11th”

Moe
Moe

Direct deposit required….. $500+ “f”or $150 bonus or $2,500 for “$300” bonus

Sucker
Sucker

once again, my student commerce account from 15+ years ago shoots me in the foot again.

Patti
Patti

I realize this is expired now but if they ever offer it again it’s still worth giving it a try. I am currently trying for my young adult son. He MAY have had a savings account for a short time when he was around 4 and it was Commerce Bank but worst case scenario, I wasted a few minutes of my life applying & logging in every few days, checking to see if bonus posted, but at least I got $300 in cc points for my efforts. 🙂
After all, look at how Wells Fargo can’t follow its own rules. They say no bonus if you’ve received one in the past 12 months yet people apply 7 or 8 months later and get another bonus. You don’t know how tight their system is until you try to poke a few holes in it.

Johan E
Johan E

If signing up for the PREMIER Checking, can you downgrade to CONVENIENCE or SIMPLE after getting the bonus?

Would prefer not to have $2500 held up.

mat
mat

Why arent my comments showing up?

Johan Esteves
Johan Esteves

same

Chuck

Many comments go into moderation before being approved. Please be patient.

Nick
Nick

Can we earn both $300 by $2500 DD and $50 by Debit purchase? Thanks

Ben
Ben

In the $300 initial deposit with credit card, according to DoC’s link to “Bank Accounts that can be funded with credit card” It seems like only US Bank Flex Perks is still currently working…is that right? Or are all Chase cards working as well? The way the Chase cards are listed is a little confusing.

Also, anyone try Fidelity Visa? Unfortunately, Fidelity won’t let me drop my CA limit below $750. Since $750>$300, if they are going to charge initial funding as CA, then it’s definitely going to go through.

I may try it and I’ll report back. But not gonna open until late Feb/early March.

Andrew
Andrew

Yeah, any recent DPs for Chase cards funding?

ChimRichalds
ChimRichalds

I just gave it a shot today, will be sure to report back…

Ian
Ian

What was your cash advance limit at when you used Chase cc? thx

ChimRichalds
ChimRichalds

Cash advance limit was set to $2000, which is what it was set to upon approval.

$300 funding charge posted as sale on CSR!

ChimRichalds
ChimRichalds

Just posted below but I funded $300 with CSR and it posted as “Sale”

Yet Another Redditor
Yet Another Redditor

Opened in-branch in [VA] along with a friend. Asked banker about referrals and we both got $25 – $25 for the referrer and $25 for referree. The Referral bonus should post in 10 business days and I will post back once that happens.

Yet Another Redditor
Yet Another Redditor

Referral bonus posted 1 week after the person I referred completed a DD. I guess that almost means that the ACH transfer my friend did counted as a DD and will trigger the bonus.

ChimRichalds
ChimRichalds

William,

I posted this higher up in the comment thread but just wanted to let you know I funded $300 with my CSR and it just posted today as sale! I know there have been mixed datapoints on Chase cards but just wanted to post this as a datapoint.

Thanks for all you all do!

Ss
Ss

So $300 for direct deposit of $2500….which cannot be stacked with $50 bonus for debit card purchases of $500?

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