TD Bank Bonus Promotions: $600 for Checking & Savings Account

TD Bank is one of the largest banks in the United States, offering a wide range of financial products and services to its customers. One of the attractive promotions they currently have is a $600 bonus for opening a TD Bank checking and savings account. In this article, we'll explore the details of this promotion and how it can benefit you. Whether you are a new customer looking to open an account or an existing TD Bank customer considering adding a new account, this promotion offers a great opportunity to earn some extra cash.

Why Choose TD Bank?

Before we dive into the details of the bonus promotion, let's take a moment to understand why TD Bank is a good choice for your banking needs. TD Bank has a strong reputation for providing excellent customer service and a wide range of banking products. With over 1,200 branches and a large ATM network, TD Bank offers convenience and accessibility to its customers.

Additionally, TD Bank is known for its innovative digital banking solutions, making it easy for customers to manage their accounts online or through the TD Bank mobile app. Whether you prefer to visit a branch in person or do your banking online, TD Bank has you covered.

The TD Bank Bonus Promotion

TD Bank is currently running a promotion where new customers can earn a $600 bonus for opening a checking account and a savings account. To be eligible for the bonus, you need to meet certain criteria, which we'll discuss further in the following sections.

Eligibility Requirements

To qualify for the $600 bonus, you must meet the following eligibility requirements:

1. You must be a new customer to TD Bank.
2. You must open a new TD Premier Checking account and receive a total of $2,500 or more in direct deposits within 60 days of account opening.
3. You must also open a new TD Convenience Savings account and maintain a minimum daily balance of $20,000 for 90 days after account opening.

How to Open an Account

Opening a TD Bank account is a simple and straightforward process. You have the option to open an account online, over the phone, or by visiting a TD Bank branch near you. To ensure you receive the $600 bonus, make sure to follow these steps:

1. Visit the TD Bank website or call their customer service hotline to get started.
2. Provide the necessary personal information, such as your name, address, and Social Security number.
3. Choose the account type you want to open - TD Premier Checking and TD Convenience Savings.
4. Set up a direct deposit to your TD Premier Checking account to meet the requirements for the bonus.
5. Deposit the minimum amount required to open a TD Convenience Savings account and maintain the minimum daily balance for 90 days.

Understanding the TD Premier Checking Account

The TD Premier Checking account is designed for customers who want premium banking services and features. Here are some key features of the TD Premier Checking account:

• No monthly maintenance fee if you maintain a minimum daily balance of $2,500.
• Overdraft protection options are available.
• Free ATMs anywhere you go in the United States, Canada, and at TD Bank locations worldwide.
• Free first order of TD Bank checks.

Understanding the TD Convenience Savings Account

The TD Convenience Savings account is a great option for customers who want an account that combines convenience and attractive interest rates. Here are some key features of the TD Convenience Savings account:

• No monthly maintenance fee if you maintain a minimum daily balance of $300.
• Easy access to funds with free transfers between your TD Bank accounts.
• Online and mobile banking options to manage your savings on the go.
• Competitive interest rates to help your savings grow.

Calculating and Receiving Your Bonus

Once you have met the eligibility criteria by completing the required direct deposits and maintaining the minimum balance, you will receive the $600 bonus within 140 days of account opening. Please note that the bonus will be reported as taxable income to the IRS.

Considerations and Limitations

Before taking advantage of the TD Bank bonus promotion, it's important to consider the following limitations and restrictions:

• This promotion is only available for new customers. If you already have a TD Bank checking or savings account, you will not be eligible for the bonus.
• The bonus amount will be credited to your TD Bank account and will be considered taxable income.
• You need to meet the direct deposit and minimum balance requirements within the specified timeframes to qualify for the bonus.
• Make sure to carefully review the terms and conditions of the promotion to understand any additional requirements or limitations.

How to Make the Most of the TD Bank Bonus Promotion

Now that you are familiar with the TD Bank bonus promotion, let's explore some tips to help you make the most of this offer:

1. Plan Your Direct Deposits: To meet the direct deposit requirement, plan ahead and set up your direct deposits to deposit at least $2,500 into your TD Premier Checking account within 60 days. This can be from your employer, government benefits, or any other eligible source.

2. Monitor Your TD Convenience Savings Account: After opening your TD Convenience Savings account, make sure to monitor your account balance to ensure you maintain the minimum daily balance of $20,000 for 90 days. Regularly checking your balance will help you avoid any unexpected fees or penalties.

3. Explore TD Bank's Additional Services: While taking advantage of the bonus promotion, consider exploring other financial products and services that TD Bank offers. From credit cards to mortgages, TD Bank provides a comprehensive suite of financial solutions to meet your needs.

4. Keep Track of Important Dates: It's crucial to keep track of important dates, such as the account opening date, direct deposit deadline, and minimum balance maintenance period. Setting reminders or marking these dates on your calendar will help you stay on top of the requirements for earning the $600 bonus.

5. Review Your Tax Obligations: As mentioned earlier, the bonus amount will be considered taxable income. Make sure to consult with a tax professional to understand your tax obligations and any potential deductions or credits you may be eligible for.

Conclusion

The TD Bank bonus promotion of $600 for opening a checking and savings account offers an exciting opportunity for new customers to earn extra cash. By meeting the direct deposit and minimum balance requirements, you can take advantage of this limited-time offer. TD Bank's reputation for excellent customer service, innovative digital banking tools, and a wide range of financial solutions further enhance the value of this promotion. Take the time to explore the promotion in detail, understand the eligibility requirements, and plan your financial strategy to make the most of this opportunity. Start your journey towards earning the TD Bank bonus promotion today!