TD Bank Review

TD Bank is the subsidiary of Toronto-Dominion Bank based in Canada and has its headquarters in Cherry Hill, New Jersey. TD Bank is the eleventh largest in the United States in terms of assets. The bank is spread across the East Coats of the country, has branched in fifteen states, and Washington, D.C. The banking company provides services of accounts, credit cards, mortgages, investment, business banking, and more.

Here are the services offered by the TD Bank

Services Offered by TD Bank

TD Bank provides its service across the personal, business, and commercial banking domain. The service offered by the bank include checking and savings accounts, credit cards for personal and business use, home loans, mortgages, investment, and retirement plans.

Checking Accounts

TD Bank offers six types of checking accounts namely, TD Simple, TD Convenience, TD Premier, TD Relationship, TD Student, and TD 60 Plus. TD Simple doesn’t have a minimum balance but works on a monthly fee of $6. The convenience checking account requires one to maintain a minimum balance of $100 to waive its monthly fee of $15. The Premier account too has a monthly fee of $25, but it can be waived on maintaining a monthly balance of minimum $2500. Apart from these, TD Bank also offers specialized checking accounts for seniors, students, and an account to handle multiple ones.

Savings Account

The three types of savings account offered by TD Bank are Simple Savings, Growth money market, and preferred savings. The Simple savings requires no monthly maintenance fee if the customers has recurring transfers from another bank account. The monthly fee for the account is also waived if the account holder is a student or a senior. The preferred savings account offers its customers with tiered interest rates, free incoming wire transfers and does not charge a fee in case a non-TD ATM is used by the customer.

Credit Cards

TD Bank offers five types of credits cards for its consumers. The cash credit card earns one cash back on every purchase and dining experience. The bank also doesn’t charge a foreign transaction fee on the card. The first class visa card is made especially for frequent travelers that helps them earn bonus miles each time they travel. Apart from that, the Ameritrade client card offers better rewards, the aeroplan card offers more miles on certain airlines as well. TD Bank also offers business credit cards to small businesses.

Online Banking

TD Bank offers online and mobile banking tools to its customers including services like money transfers, bill payments, online statements, e-alerts for the accounts, and more. Since the bank’s branches are primarily located in certain parts of the US, the online banking and mobile banking app comes in handy when you’re traveling. For more information on online banking please check this TD bank login guide.

Mortgage and Loans

TD bank offers both fixed rate and adjustable rate mortgages while buying a new home or refinancing the loan. They offer 30 year fixed rate plans for all its consumers. Apart from that, you can also get home loans and personal loans from the bank. The personal loan taken from the bank can be both secured and unsecured.

Investment

If you’re willing to invest your money but don’t know where to begin, TD bank offers financial advisors to help you take the right decision. Apart from that, they also offer IRAs and retirement plans to help you save your cash for the future. Depending on your goals, i.e. to either save money for college or for a house, the bank advisors will help you plan and manage your investments.

Business Banking

TD bank offers banking services to both small businesses and corporates. The small business are provided with services like business checking accounts, credit cards, lines of credit, resource center, and payroll services. The corporate and commercial banking domain comprises of services like government banking, wealth management, asset management, treasury management, payroll, and more. Apart from that, TD bank also offers trust services to all its consumers.

Being the 11th largest bank in terms of asset, TD is quite a popular choice amongst the people. However, the lack of branches all over the country makes it inaccessible for a lot of people. The bank makes it up with good service and almost no monthly maintenance fee on most of the accounts it offers.

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TD Bank
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