TD Bank

Check full information about TD Bank — review, rating in 2022. See detailed contact information, financial data, locations and list of branches.

TD Bank
Detailed TD Bank Rating
Address
2035 Limestone Road Wilmington, DE 19808
FDIC Certificate ID
18409
Bank Charter Class
National Bank

Detailed TD Bank Rating

rating icon
4.47
Credit Card Products
3.65
Average rate of credit cards products
Personal Loan Products
4.39
Average rate of personal loans products
Safety
4.9
The Moody’s rating for TD Bank is Aa2 and the tier 1 leverage ratio is 8.71%
Customer experience
4.65
The TD Bank mobile app has 4.8 stars on the App Store and 4.5 stars on Google Play.

Contacts

Demographic information

  • Institution Name
    TD Bank
  • Number of Domestic Offices
    1233
  • Full Time Employees
    25,206
  • Established Date
    1852-01-01
  • Primary Federal Regulator
    Office of the Comptroller of the Currency
  • Date of Deposit Insurance
    1961-07-01
  • Bank Charter Class
    National Bank
  • Primary Web Address
  • RTN/ABA
    31101266
  • LEI
    03D0JEWFDFUS0SEEKG89
  • Federal Reserve ID (RSSD-ID)
    497404
  • NRTHUS33
  • 031101266

Branches near me

Financial data

All values USD, Dollar figures in thousandsAll Financial Data TD Bank
405,223,010
361,744,410
356,358,315

Offers

Credit cards icon
Credit cards
Personal loan icon
Personal loan
Mortgage icon
Mortgage

TD Bank General info Pros&Cons

Pros:
  • Extended hours. Most branches are open past working hours and during the weekend.
Cons:
  • Overdraft fee scandal. TD settled a lawsuit in 2019, where it was accused of charging customers exorbitant overdraft fees. The bank agreed to pay $70 million.

TD Bank Checking and saving accounts Pros&Cons

Pros:
  • No foreign transaction fees. You aren’t charged a foreign transaction fee while traveling abroad when you use a debit card linked to most TD accounts.
  • Student checking available. Students and young adults (between 17 and 23 years old) can open a checking account with no monthly fees.
  • No minimum deposit requirement. You can open a savings account with a zero balance.
  • Transact with Zelle. Customers can use Zelle’s peer-to-peer payments to send and receive money conveniently.
Cons:
  • Non-competitive APY. TD Bank’s APY is 0.01%, which is below the national average of 0.04%.
  • High overdraft fee. TD charges an overdraft fee of $35, which can be levied up to five times a day, making it high.

TD Bank Credit cards Pros&Cons

Pros:
  • Variety of card options. TD offers credit cards for most needs, including personal, business, travel, or credit building.
  • Welcome bonus. A majority of credit cards offer a signup bonus.
  • No annual fee. Most cards don’t charge an annual fee.
Cons:
  • Lack of transparency. TD doesn’t state the minimum credit requirements. However, you can reasonably assume that your credit score needs to be at least good for most cards.

TD Bank Personal loans Pros&Cons

Pros:
  • Discount on home remodeling and renovation loans. If you have a checking account with TD, you can get a 0.25% discount on your home equity line of credit.
  • $0 origination fee. You don’t have to worry about an origination fee when applying for TD’s personal loans.
  • Prequalification available. You can prequalify for a loan with a soft credit check.
Cons:
  • Limited availability. Personal loan services aren’t available nationwide, as you need to be in one of the 15 East Coast states the bank offers its loan services to.
  • May need a high credit score. Even though eligibility requirements are undisclosed, you might find it hard to get your loan approved if your credit score is below 670.

TD Bank Mortgage Pros&Cons

Pros:
  • Wide range of mortgage options. TD has conventional, specialty (e.g., for construction and medical professionals), government-backed, zero-to-low downpayment mortgage products, among others, available to meet your needs.
  • Loan officer availability. Your loan officer is available to you after working hours and on weekends.
  • Mortgage rate calculator. You can calculate your expected mortgage rates online before applying.
Cons:
  • Not widely available. Mortgage services are limited to customers on the East Coast.

TD Bank Investment Pros&Cons

Pros:
  • Robo-Advisor. Automated investing is available through Robo-Advisor.
Cons:
  • High Robo-Advisor minimum deposit. You’ll need to deposit a minimum of $5,000 when investing with Robo-Advisor, and this amount is high, considering you can invest with other robo-advisors if you have $500 or less.
  • Investment options are limited. TD doesn’t offer cryptocurrencies and futures trading.
  • Fees. While you can trade mutual funds commission-free, you need to pay a flat fee of $9.99 on stocks and $9.99 + $1.25 per contract on options.