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TD Bank Bonus, Get $500 with New Checking and Savings Accounts
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TD Bank is offering up to a $500 bonus when you open a new checking and savings account. You get $150 or $300 for the checking account, depending on which one you open, and another $200 for savings. This offer has been extended through November 30, 2023.
Bonus will be credited into the new personal checking account no later than 95 days from account opening, assuming the conditions are met. Account must remain open, active, in good standing, and in the same product type through the qualifying period to receive the bonus. As with most bank bonuses, it will be reported as taxable income to the IRS on a 1099-MISC.
Eligibility
This offer is available to residents in CT, DE, Washington D.C., FL, ME, MD, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA.
One bonus per Customer and cannot be combined with any other offer.
Offer is available only to new personal checking Customers who do not have an existing or prior personal checking account at TD Bank. This means that if you have had a TD checking account previously you do not qualify.
Available only to the person addressed on the mailer.
Account Fees
The TD Premier Checking account, which is required to get the $300 bonus, has $25 monthly fee that is waived with a minimum daily balance of $2,500.
The TD Convenience Checking account, which is required to get the $150 bonus, has $15 monthly fee that is waived with a minimum daily balance of $100.
Savings account doesn’t have any fees.
Guru’s Wrap-Up
The $300 bonus makes more sense if you have $2,500 to leave in the account for 3 months, in order to keep fee free. One issue is the direct deposit. If you can easily switch your direct deposit, that would be the best option. Otherwise, you can do a ACH transfer from another checking account, which should work. That part is the same bonus that has been around previously, the only new part is the $200 bonus for the savings account. You need to leave $10K (down from $20K) in the account for 90 days in order to get $200, which is a 8% return. That’s a very good rate.
If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
💡 Link and Full Details
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