Strategies to Eliminate Monthly Maintenance Fees at TD Bank
TD Bank provides a variety of checking and savings accounts tailored for students, seniors, and everyone in between. While most of these accounts come with a monthly maintenance fee, you can avoid these fees by maintaining a minimum balance or meeting other specific criteria.
### TD Bank Maintenance Fees
TD Bank charges monthly maintenance fees for certain checking and savings accounts. These fees can often be waived by maintaining a minimum balance, linking eligible accounts, or setting up direct deposits.
### TD Bank Checking Account Fees
TD Bank’s checking account fees range from $0 to $25 per month, depending on the account type. The Student Checking account is the only checking account without a monthly fee.
– **TD Beyond Checking**: $25 monthly fee, waived by:
– $5,000 or more in direct deposits per statement cycle
– Maintaining a $2,500 minimum daily balance
– Having a $25,000 minimum daily combined balance across all eligible linked TD Bank accounts
– **TD Complete Checking**: $15 monthly fee, waived by:
– $500 or more in direct deposits per statement cycle
– Maintaining a $500 minimum daily balance
– Having a $5,000 minimum daily combined balance across all eligible linked TD Bank accounts
– **TD Essential Banking**: $4.95 monthly fee, no waiver options
– **Student Banking**: No monthly fee
### TD Bank Savings Account Fees
TD Bank’s savings account fees range from $0 to $15 per month, depending on the account type.
– **TD Signature Savings**: $15 monthly fee, waived by maintaining a $10,000 minimum daily balance
– **TD Growth Money Market**: $12 monthly fee, waived if you are over 62 and maintain a $2,000 daily balance
– **TD Simple Savings**: $5 monthly fee, waived by maintaining a $300 daily balance, or if you are under 18 or over 62
### How To Avoid TD Bank Overdraft Fees
Overdraft fees occur when you spend more than you have in your checking account. TD Bank does not charge for overdrafts of $50 or less, but for larger overdrafts, you’ll be charged $35 per occurrence, up to three times per day.
To avoid overdraft fees:
1. **Opt Into Overdraft Protection**: Link a TD savings account to your checking account to cover any shortfall.
2. **Stick With Standard Overdraft Service**: This ensures that one-time debit transactions are declined if your balance is insufficient, avoiding the $35 fee per occurrence.
3. **Subscribe To Low Balance Alerts**: Set up alerts to notify you when your balance drops below a certain amount.
### How To Avoid TD Bank ATM Fees
You can use TD Bank ATMs in the U.S. and Canada for free with any TD Bank checking or savings account. Using a non-TD Bank ATM incurs a $3 fee for most accounts, but TD Beyond checking and savings customers can use these ATMs for free. Additionally, TD Bank reimburses fees charged by non-TD Bank ATMs if you maintain a $2,500 minimum daily balance in your Beyond account.