TD Bank $500 Checkings + Savings Bonus

TD Bank logo on building

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.

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.

TD Bank $500 bonus account selections

Where do I enroll?

You can enroll directly as TD Bank:

Direct Link

TD Bank $500 bonus landing page ad

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:

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
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:

  1. TD Bank account opening bonuses are now available to the public whereas they were targeted offers in the past
  2. 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here