TD Bank Extends $300 Checking Account Bonus to May 31, 2024

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Published May 07, 2024

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Key Takeaways

TD Bank has extended its checking account promotions to May 31, 2024. We reported on this offer when it was originally set to expire on April 30.
The bonus amounts and requirements have not changed.
New TD Bank Beyond Checking customers can earn a $300 bonus for receiving $2,500 in qualifying direct deposits within the first 60 days.
New TD Complete Checking customers can earn a $200 bonus for receiving $500 in qualifying direct deposits within the first 60 days.

The TD Beyond Checking account earns a small amount of interest, while Complete Checking earns no interest. You can earn a much higher rate with one of the best high-interest checking accounts or best high-yield savings accounts, but these accounts may not have promotional bonuses. Weigh the bonus amounts here against the amount of interest you may earn, and remember that you can open multiple accounts if necessary.

TD Beyond Checking - $300: How To Get It

Open a new TD Beyond Checking account by May 31, 2024: TD Beyond Checking comes with more features and is more expensive than TD Complete Checking, at $25 per month. This fee is waived when you have $5,000 in monthly direct deposits or a $2,500 minimum daily balance. If you have or open other TD Bank accounts, a minimum daily combined balance of $25,000 across all accounts will also waive the monthly fee.
Receive $2,500 in qualifying direct deposits within the first 60 days: Qualifying direct deposits include paychecks, pensions, and government benefits. Peer-to-peer transfers and transfers between your personal accounts do not qualify.
Earn the $300 bonus within 180 days of account opening: If you meet the requirements, the bonus will be deposited into your TD Beyond Checking account within 180 days.

TD Complete Checking - $200: How To Get It

Open a new TD Complete Checking account by May 31, 2024: The TD Complete Checking account is relatively simple compared to the TD Beyond Checking account, and it’s a bit easier to waive the account fee. The $15 monthly fee is waived for those who are 17 to 23 years old. If you are 18 or older, you can waive it by having $500 in monthly direct deposits, or by having a $500 minimum daily balance. You can also waive it if you have a $5,000 minimum daily combined balance across all of your TD Bank accounts.
Receive $500 in qualifying direct deposits within the first 60 days: Qualifying direct deposits include paychecks, pensions, and government benefits. Peer-to-peer transfers and transfers between your personal accounts do not qualify.
Earn the $200 bonus within 180 days of account opening: If you meet the requirements, the bonus will be deposited into your TD Complete Checking account within 180 days.

Are TD Bank Bonuses Worth It?

TD Bank only offers banking services in certain states, but these bonuses are worth exploring (if you’re eligible) because you have options at different fee levels and each account offers a relatively good value.

TD Bank provides banking services along the East Coast. Only residents of the following states can open a TD Bank account: Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia, and Washington, D.C.

The Beyond Checking account bonus of $300 is on par with the median value of bank bonuses we track, while the ROI (12%) is on the low side. Among active personal checking account promotions we track, the current median ROI is about 17%, with some offers (like those from Citizens Bank) reaching 60%. So this bonus is best for someone who has had their eye on this account or similar accounts, and wants it for the features. It’s a nice incentive to open an account.

The Complete Checking account bonus is a bit lower ($200) but it’s much easier to get. With a 40% return on your deposit, it’s a better offer than most we’ve seen. The $500 deposit is about as low as it gets (other than rare bonuses that ask for a deposit of any amount, such as from Huntington Bank). It could be a good account to open if you need a basic checking account, especially because the monthly fee is easier to waive than other accounts.

We track bank bonuses daily. Through our research, we’ve found the median bank bonus to be $300. We only write about bank bonuses that are at least as high as this median, and that are a 10% or better return on your deposit, to ensure you get a good deal.

How We Track Bank Account Bonuses

Every business day, Investopedia tracks 23 banks and the current, new, extended, and expired account bonuses they offer customers. Banks are chosen based on consumer interest and we add banks to our list as needed to ensure we're always reporting on the best bank bonuses. We update our picks for the best bank account bonuses, the best checking account bonuses, and the best savings account bonuses as needed, chosen based on bonus amounts, bonus requirements, and account features. We aim to provide you with news about checking and savings account bonus offers so you can take advantage of them as soon as possible.

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TD Bank. "TD Complete Checking."
TD Bank. "TD Beyond Checking."
TD Bank. "Find A TD Bank Store or ATM By State."

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