You can pocket a cool $300 just by signing up for a new TD Bank Beyond Checking account! All you gotta do is sign up online and set up a direct deposit.
The TD Beyond Checking account is TD Bank’s more premium checking option and has more benefits. Their standard everyday checking product is the TD Convenience Checking™ (this account also has a bonus offer).
- Update 1/24/2024: The offer is still available!
How To Earn The Bonus
The process is fairly straightforward for this offer form TD Bank. You’ll need to set up direct deposit within 60 days of opening an account online.
Full details here:
- New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days.
- To qualify for this offer, you must be a U.S. resident and apply for the offer online.
- You will not qualify for the Checking Bonus if you are an existing TD Bank checking Customer OR had a previous checking account that was closed within the preceding 12 months OR have received a prior checking account bonus at any time.
- To receive the $300 Checking bonus, you must: 1) Open a new TD Beyond Checking account; AND 2) Have your direct deposits totaling $2,500 or more made into this account within 60 calendar days of the account opening date. To receive the $200 Checking bonus, you must: 1) Open a new TD Convenience Checking account; AND 2) Have your direct deposits totaling $500 or more made into this account within 60 calendar days of the account opening date.
- Your direct deposits need to be an electronic deposit of your paycheck, pension, government benefits (such as Social Security) from your employer or the government of at least $250 each.
- Person-to-Person and bank transfers between your TD Bank accounts or accounts you have at other financial institutions or brokerages are not considered a direct deposit.
- After you have completed the requirements outlined above, we’ll deposit the bonus in your new account on or before 180 days of account opening.
- To receive the bonus, your account must not be closed or restricted at the time of payout.
- If your new checking and/or savings account is closed by you or TD Bank within 6 months after account opening, TD Bank reserves the right to deduct the bonus amount at closing.
- Eligibility may be limited based on account ownership.
- The primary owner of the new personal checking and/or new personal savings account may be required to complete a valid IRS Form W-9 or substitute IRS Form W-9 to provide certain identifying information.
- You may be subject to backup withholding at the rate specified in the U.S. Internal Revenue Code if you fail to provide that information or meet certain other conditions.
- TD Bank may issue you an IRS Form 1099 or other appropriate forms reporting the value of the bonus.
- Offer may be withdrawn at any time. TD Bank Employees and Canadian Cross-border banking Customers are not eligible.
- New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
- Three ways to go monthly maintenance fee-free: Monthly Maintenance fee waived when you set up direct deposits of $5,000 or more within a statement cycle, maintain a $2,500 minimum daily balance, or have a $25,000 combined balance across eligible TD accounts.
- ATM perks: TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance.
- A little extra time. A lot of extra relief: Avoid fees with Grace Period, which gives you until 11 PM ET the next business day to fix an overdraft. Make sure your available balance is at least $0 by depositing enough to cover the overdrawn balance plus any additional transactions and TD will refund the overdraft fee to your checking account.
- Fast and secure payments: TD Bank debit cards are backed by the Zero Liability guarantee and 24/7 fraud monitoring.
- Convenient locations with the longest hours around: We have over 1,100 locations from Maine to Florida that’s open early, late, and weekends.
- Get reimbursed for fees including two overdraft fees per year, all Rush Bill Payments, and one outgoing wire per statement cycle (domestic or international).
- Additional TD Bank checking account perks worth talking about: Get 24/7 access to all your TD accounts with Online & Mobile Banking, plus Bill Pay, Send Money with Zelle®, Mobile Deposit and Online Statements.
My Impression of the Offer
There are benefits and drawbacks to consider with this account.
On the plus side, the $300 bonus for new customers who apply online and receive direct deposits of $2,500 or more within 60 days is quite appealing. Additionally, the account offers a range of features such as interest earning, non-TD ATM transaction reimbursements, and overdraft payback up to two times a year.
However, there are a few negatives to keep in mind. To have the monthly maintenance fee waived, you must either receive monthly direct deposits of $5,000 or more, maintain a minimum daily balance of $2,500, or hold a combined balance of $25,000 across eligible TD accounts. This might not be feasible for everyone.
Moreover, the $300 bonus offer is available only in select states, and previous TD Bank checking customers (within the preceding 12 months) or those who have received a prior checking account bonus are not eligible.
Ultimately, the TD Bank Beyond Checking account may be a good fit for those who can meet the balance and direct deposit requirements to avoid the monthly maintenance fee, and for those looking to take advantage of the bonus offer.
However, if you can’t meet these requirements, you might want to explore other options, including TD Bank’s standard TD Convenience Checking™ account, which also has a bonus offer. Always weigh the pros and cons based on your individual financial needs and preferences before making a decision.
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