There are many ways to avoid maintenance fees.Most branches have hours on both Saturday and Sunday, which is convenient for those who have school during normal operating hours on business days. TD Bank offers a variety of benefits for student checking account holders. Here are some pros and cons of TD Bank student checking that you should know. Those interested in opening an account should carefully evaluate what this particular bank can offer them. Like all banking options, the checking accounts from TD bank come with benefits and drawbacks. Pros and Cons of TD Bank Checking Accounts The Convenience Checking account comes with a waived minimum balance, no monthly fees and free overdraft protection. However, students who may struggle to meet the requirements to waive the fee on the Beyond Checking account will find that Convenience Checking offers an excellent option. This option can work well for those who meet the monthly requirements to waive the monthly maintenance fee, for example, established professionals who are enrolled in direct deposit. Holders can even get reimbursed for overdraft fees two times per year. This account also offers no ATM fees and reimbursement on some wire transfers. They can meet the minimum daily balance, as explained, hit a monthly direct deposit minimum, or meet a minimum balance across all their eligible TD bank accounts. Banking customers have a few ways to waive their monthly fees. However, the Beyond Checking account offers a wider range of benefits. The student checking account is a form of the TD Convenience Checking option, but it’s worth examining the similarities between these two options, particularly for students preparing to age out of the student checking option.īoth checking accounts offer banking customers the opportunity to waive the monthly maintenance fee by holding a minimum balance or meeting other requirements, although the minimum monthly balance is significantly higher with the Beyond Checking account. TD Bank offers two main types of checking accounts: TD Convenience Checking and TD Beyond Checking. TD Convenience Checking and TD Beyond Checking If you want to open the account when you are 17, you will need to open your account in person at a TD Bank location. Therefore, as you get close to your 24th birthday, keep an eye on your balance and current guidelines for the standard TD checking account so that you don’t get hit with unexpected account fees.Ī TD student account can be opened in minutes online, provided you are over the age of 18. However, when you turn 24, the bank account will automatically transition to a Convenience Checking account, where you must abide by the minimum daily balance required or pay a monthly maintenance fee. TD Bank offers student checking accounts for those between the ages of 17 and 23 who are full-time students. Eligibility Requirements for TD Bank Student Checking Accounts This will help you make a better decision regarding your student banking options and figure out if a TD student account will work for you. We’ll explore the TD Bank student checking account and what you should know about the benefits and drawbacks of this particular banking option. ![]() Savings accounts and checking accounts for students often come with various perks and special arrangements for young adults as they learn to manage their personal finances. ![]() Early withdrawal of funds may result in substantial penalty.For young adults ready to assume some financial independence, a student bank account can be a step in the right direction. Not available for brokered deposits, or to public entities, financial institutions, or Commercial Banking customers, as defined by Regions and/or as indicated in Regions’ records. Promotional rates may apply to certain accounts, are for a limited time only, and cannot be combined with other bonus rate offers. See Deposit Account Agreement for details. Substantial penalty for early withdrawal. Interest on CD accounts with terms longer than 12 months must be paid at least annually. Account balance must be less than $1,000,000. Rates offered for CDs may be changed at any time without notice. This page is not an offer or contract and does not amend the Deposit Agreement, the terms of which govern and control. ![]() Regions CDs are uncertificated time deposit accounts and subject to the terms and conditions of the Regions Deposit Account Agreement and other related disclosures, terms, and conditions.
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