TD Bank is offering a $500 bonus for opening up a checking and savings account. You can earn $300 for opening a checking account, $200 for opening a savings account, or $500 for doing both. This is one of the best bank sign up bonuses that can be done over and over again. We recommend you do this whenever you become eligible.
Ninja Update 7/6/21: Offer extended through August 17, 2021!
TD Bank $500 Checking + Savings Bonus Overview
TD Bank is offering a new promotion where you can earn up to $500 in bank account bonuses.
There are two separate bonuses. You’ll get one bonus for opening a checking account and another bonus for opening a savings account.
The bonus amount depends on what type of account you open. Here are the options and what you can earn with each:
Checking Accounts
TD Beyond Checking ($300 Bonus)
- Earn $300 when you have $2,500 in direct deposits within 60 days
TD Convenience Checking ($150 Bonus)
- Earn $150 when you have $500 in direct deposits within 60 days
Savings Accounts
TD Beyond Savings ($200 Bonus)
- Earn $200 when you deposit $20,000 or more in new funds within 20 days and maintain a balance of at least $20,000 for 90 days
TD Simple Savings ($200 Bonus)
- Earn $200 when you deposit $20,000 or more in new funds within 20 days and maintain a balance of at least $20,000 for 90 days
I recommend the TD Beyond Checking account and the TD Beyond Savings account as the easiest way to get the maximum $500 in bonuses.
Where do I enroll?
You can enroll directly as TD Bank:
Who qualifies for the TD Bank $500 bonus?
Everyone is eligible for one checking bonus and one savings account opening related bonus as long as you don’t have or haven’t had an existing or prior account in the past 12 months.
Additionally, you need to reside in the following states to qualify for the bonuses:
- Connecticut (CT)
- District of Columbia (DC)
- Delaware (DE)
- Florida (FL)
- Maine (ME)
- Maryland (MD)
- Massachusetts (MA)
- North Caroline (NC)
- New Hampshire (NH)
- New Jersey (NJ)
- New York (NY)
- Pennsylvania (PA)
- Rhode Island (RI)
- South Caroline (SC)
- Vermont (VT)
- Virginia (VA)
Related:
- $600 Citizens Bank Checking and Savings Bonus
- $400 Wells Fargo Checking Account Bonus
- What Counts As A Direct Deposit When It Comes To Bank Sign Up Bonuses
What are the details?
Availability: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
Expiration: 9/18/2020 8/17/21
Household Limit: None (everyone in your family can get the bonus!)
Direct Deposit Required: Yes – either $500 or $2,500 depending on what checking account bonus you select (see what counts as a direct deposit)
Soft/Hard Pull: Soft
Early Account Termination Fee: Must keep the account open for 6 months or you will forfeit the bonus
Avoiding Fees
The checking accounts have a monthly fee between $15 to $25 and the savings accounts have a monthly fee between $5 to $15; they can all be waived if you do ONE of the following:
Checking Accounts
TD Beyond Checking ($25 Monthly Fee)
- Set up monthly direct deposits of $5,000 or more OR
- Maintain a $2,500 minimum daily balance OR
- Have a $25,000 combined balance across eligible TD accounts
TD Convenience Checking ($15 Monthly Fee)
- Maintain a $100 minimum daily balance OR
- Be a student or young adult between the ages of 17 through 23
Savings Accounts
TD Beyond Savings ($15 Monthly Fee)
- Keep a $20,000 minimum daily balance or pay a $15 monthly maintenance fee
TD Simple Savings ($5 Monthly Fee)
- Keep a $300 minimum daily balance or pay a $5 monthly maintenance fee
Terms & Conditions
- Offer valid July 24, 2020 through September 18, 2020 and is available only when opening through a qualifying website.
- Checking offer is available to new personal checking Customers who do not have an existing or prior personal checking account at TD Bank within the preceding 12 months and complete the required qualifying criteria.
- Savings offer is available to new personal savings Customers who do not have an existing or prior personal savings or money market account at TD Bank within the preceding 12 months and complete the required qualifying criteria.
- Once the offer criterion is met, the bonus will be credited to the new personal checking and/or personal savings account no later than 140 days from account opening.
- Account(s) must remain open, active, in good standing and in the same product type through the qualifying period to receive the bonus.
- If either checking or savings account is closed by the Customer or TD Bank within 6 months after account opening, TD Bank does reserve the right to deduct the bonus amount from that account at closing.
The Bottom Line
This specific promotion is awesome and better than in the past, for two reasons:
- TD Bank account opening bonuses are now available to the public whereas they were targeted offers in the past
- TD Bank account opening bonuses can now be done again after 12 months whereas before they were limited to new customers only
The only limitation in my opinion is that you need to live in one of the listed states, otherwise, I consider this offer as one of the best bank account bonuses available.
You said that this is a bonus you can do over and over. However, in the fine print, it says “Customers who received a bonus on a prior checking and/or savings account do not qualify.” So are they are not letting you get the bonus again if you’ve had it in the past?
Hi Jennifer. You can keep on taking advantage of the bonus after closing the account and becoming a “new customer” again. See this excerpt from what I posted under who is eligible:
“Everyone is eligible for one checking bonus and one savings account opening related bonus as long as you don’t have or haven’t had an existing or prior account in the past 12 months.”
I am a TD Bank customer.
If I refer a friend for Saving and Checking Bonus Accounts, will I get a referral fee? Will my friend get a money for that too?
What referral offer are you talking about?
How does it work with getting the bonus? Is there a wait period after you deposit the money?
In TD Bank’s Terms & Conditions: “Once the offer criterion is met, the bonus will be credited to the new personal checking and/or personal savings account no later than 140 days from account opening.”
Hi
Thank you for sharing that, I would like to apply for TD bank account to get bonus but they mentioned it is for those person who receive email or mail. in this case if I open the account through your direct link, am I able to get the bonus even though I did not receive the mail or email regarding to this promotion.
Hi Lynn,
You’ll get the bonus. I know it says that on their site, but as long as you use that promotional link, you’ll be fine. Everyone on this site has done this multiple times already (myself included).