TD Bank $500 Checkings + Savings Bonus

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.

Full details of this checking and savings combo bonus below. Here are other TD Bank promotions you may be interested in.

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, U.S. Bank, and Axos Bank.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

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:

TD Bank $500 bonus landing page ad
(Image from TD Bank)

Checking Accounts

TD Beyond Checking ($300 Bonus)

  • Earn $300 when you have $2,500 in direct deposits within 60 days

TD Convenience Checking ($200 Bonus)

  • Earn $200 when you have $500 in direct deposits within 60 days

Savings Accounts

TD Beyond Savings ($200 Bonus)

  • Earn $200 when you deposit $10,000 or more in new funds within 20 days and maintain a balance of at least $10,000 for 90 days

TD Simple Savings ($200 Bonus)

  • Earn $200 when you deposit $10,000 or more in new funds within 20 days and maintain a balance of at least $10,000 for 90 days

I recommend the TD Beyond Checking account and the TD Simple Savings account as the easiest way to get the maximum $500 in bonuses.

TD Bank $500 bonus account selections
(Image from TD Bank)

Where do I enroll?

You can enroll directly at TD Bank by clicking this offer button:

Who qualifies for the TD Bank $500 bonus?

Checking offer is not available to existing TD Bank checking Customers, prior Customers who have had a TD Bank personal checking relationship within the preceding 12 months or Customers who received a bonus on a previous checking account at any time.

Savings offer is not available to existing TD Bank savings or money market Customers, prior Customers who have had a TD Bank personal savings or money market relationship within the preceding 12 months, or Customers who received a bonus on a previous savings account at any time.

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)

What are the details?

Availability: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
Expiration: 10/31/2023
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
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 $10,000 minimum daily balance or pay a $15 monthly maintenance fee OR
  • Link your savings account to a TD Beyond Checking account

TD Simple Savings ($5 Monthly Fee)

  • Keep a $300 minimum daily balance or pay a $5 monthly maintenance fee OR
  • Link your savings account to a TD Beyond Checking account OR
  • Link your savings account to a TD Convenience Checking account and you’re under 24 OR
  • Make recurring $25+ transfers from your linked TD Bank checking account OR
  • You’re under 18 or older than 62

Terms & Conditions

  • Checking offer is not available to existing TD Bank Customers, prior Customers who have had a TD Bank Personal checking relationship within the preceding 12 months, or Customers who received a bonus on a previous checking account at any time.
    • To qualify for the $300 personal checking cash bonus, new personal Customers must open a TD Beyond Checking account and receive cumulative qualifying direct deposit funds totaling $2,500 or more into the new account within 60 calendar days of the account opening date.
    • To qualify for the $200 personal checking cash bonus, new personal checking Customers must open a TD Convenience Checking account and receive cumulative qualifying direct deposit funds totaling $500 or more into the new account within 60 calendar days of the account opening date. Qualifying direct deposits include your paycheck, pension, government benefits (such as Social Security) or other eligible regular monthly income from your employer or the government electronically deposited into your checking account of at least $250. Person-to-person and bank transfers between your TD Bank accounts or accounts you have at other financial institutions or brokerages do not qualify.
  • Savings offer is not available to existing TD Bank savings or money market Customers, prior Customers who have had a TD Bank personal savings or money market relationship within the preceding 12 months, or Customers who received a bonus on a previous savings account at any time.
    • To qualify for the $200 personal savings bonus, new personal savings Customers must open a TD Beyond Savings or TD Simple Savings account (CDs, IRAs and Money Market accounts are excluded) and deposit $10,000 or more in new money within 20 calendar days of account opening and maintain a minimum daily balance of $10,000 for at least 90 days from the date the deposit requirement is met. New money is defined as funds that are not currently held in any TD Bank retail deposit account. Broker, municipal, commercial and small business deposits are not included.
  • 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 is one of the best combo savings and checking bonuses with really simple requirements. I recommend opening the Beyond Checking account to get the higher $300 bonus offer and pair it with the Simple Savings $200 bonus.

The $500 bonus matches the highest offer TD Bank has had in the past so I’ll include both of these offers in my list of the best bank account bonuses.

If you’re not from the East Coast, you’ve probably never heard of TD Bank even though it’s the 11th largest bank in the U.S. I live in Boston and the bank is everywhere – TD Bank sponsors the stadium the Boston Celtics play in so it’s hard to miss.

My experience as a TD customer has been phenomenal. On the rare occasion I had an issue with my account, it’s been resolved quickly by visiting many of the local branches or a call to their customer service center.

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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Jasen Sood
Jasen Sood
1 year ago

Everyone should carefully check their mail, since I got an offer code for $400 to open a Beyond Checking Acct + the same $200 to open a savings acct. So it sounds like a targeted promo with a total of $600, making an already nice bonus even nicer.

I’m hoping my wife will get a mailed code under her name too, so I’m actually going to hold off a bit on the standard bonus offer ($500) for another few weeks. If anyone else is seeing thesein the mail, I’m curious how widespread or narrow these targeted promos are.

Also, while I was pretty sure neither my wife nor I had received a prior bonus from TD bank, it’s worth calling their customer service dept to ascertain this before you tie up $12,500 for 90 days.

Jasen Sood
Jasen Sood
1 year ago
Reply to  Jasen Sood

Update: The website on the mailer is td.com/earn600 and looks like anyone can sign up using that link, no activation code needed! I’m not sure why they’ve got two different, yet both publicly accessible offers, but can’t argue with the higher bonus.

Mildred Malriat
Mildred Malriat
2 years ago

TD bank insists that they did not offer the $200 savings account bonus on August 2, 2021 so they will not credit my account with the bonus. Does anyone have any documentation that can prove that they indeed did offer the $200 bonus on that date.

Kro
Kro
2 years ago

Hello! Question. How updated is the TDbank guideline? Their website says person to person bank transfer won’t work as direct deposit for their tdbank beyond checking 300$ bonus

Are you aware that if recently the push transfer for example from PNC counts as td Bank direct deposit ???

Please respond as soon as possible

Jason
Jason
2 years ago

If I transfer out all of the money in the account right when I get the bonus before I close it, and only then close the account afterwards when it has no money, is there any way for TD to deduct the bonus?

eli
eli
2 years ago

hey
what would qualify for the direct deposit? because I can not use the traditional method of moving my paycheck to this account…
I did look up your article on this topic, but i did not see TD listed….

Jennifer N
Jennifer N
3 years ago

You said that this is a bonus you can do again. 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?

Alex S Levit
Alex S Levit
3 years ago

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?

buttmuncher
buttmuncher
3 years ago

How does it work with getting the bonus? Is there a wait period after you deposit the money?

lynn
lynn
3 years ago

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.