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TD Bank Beyond Checking Review: Rare Perks for Loyal Customers

Review Updated
Kailey Hagen
By: Kailey Hagen

Our Banking Expert

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

The TD Bank Beyond Checking account could prove to be a rewarding account to own as long as you have enough money to waive its monthly fee. It offers rare perks like overdraft fee reimbursements, a free outgoing wire per statement cycle, and waived fees on other TD Bank deposit accounts. Read our full TD Bank Beyond Checking account review to learn if it’s right for you.

Ratings Methodology
Rates as of Jun 15, 2024

TD Bank Beyond Checking

Member FDIC.
Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
APY
0.01%
Min. To Earn APY
$50,000
  • No ATM fees with minimum balance
  • Rate discounts and waived fees on other products
  • Two overdraft fee reimbursements annually
  • One free outgoing wire transfer per statement cycle
  • Maintenance fee

The TD Bank Beyond Checking account has a lot of great features on its own, including overdraft and ATM fee reimbursements. But those who plan to do all their banking in one place will get the greatest value from this account. Just make sure you can avoid the monthly maintenance fee.

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Account APY Promotion Next Steps
0.50%
Rate info Circle with letter I in it. You can earn the maximum savings APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.
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0%
Min. to earn: N/A
Earn 1% cash back on up to $3,000 in debit card purchases each month (see details when you click 'Open Account')
0.40% (up to 3.30%)
Rate info Circle with letter I in it. To earn the full APY, account holders must do all of the following: Receive monthly direct deposits totaling more than $1,500; make 10 transactions a month with your Axos debit card, or sign up for Axos's Personal Finance Manager; maintain an average daily balance of $2,500 per month in an Axos Invest Self Directed Trading Account; and use your Rewards Checking account to make your full monthly Axos Bank consumer mortgage, personal, or auto loan payment.
Min. to earn: Monthly direct deposits totaling at least $1,500
Use the promo code AXOS300 when you apply for a Rewards Checking account by June 30th, 2024. Then have qualifying direct deposits to earn up to a $300 bonus!

Full TD Bank Beyond Checking Review

Top perks

No ATM fees with minimum balance: TD Bank never charges customers ATM fees, whether they use the bank's own network or another ATM network. It'll also reimburse you for out-of-network ATM fees -- but only if you keep at least $2,500 in your TD Bank Beyond Checking account.

Earns interest: TD Bank Beyond Checking account's interest rate isn't high. But it's better than many checking accounts that don't offer interest at all.

Two overdraft fee reimbursements per year: TD Bank automatically reimburses the first two overdraft fees in a calendar year. Beyond Checking customers don't have to do anything to get reimbursed as the bank takes care of this.

Waived fees on other deposit accounts: TD Bank Beyond Checking customers won't have to pay monthly maintenance fees on savings accounts or money market accounts they open with the bank. The same goes for a single linked TD Simple CheckingSM account.

One free outgoing wire transfer per statement cycle: Like most banks, TD Bank charges customers for outgoing wire transfers, whether they're domestic or international. However, TD Bank gives Beyond Checking customers one free outgoing wire transfer per statement cycle.

Free bank checks: Customers receive free standard checks or discounts on other selected check styles.

Zero liability protection on debit card purchases: If an identity thief uses your debit card to make fraudulent purchases, TD Bank won’t charge you anything for them -- even if it takes you several days to realize and report the issue.

Rate discounts on other products: With a TD Bank Beyond Checking account, you'll be eligible for discounts on home equity loans and personal loans.

What could be improved

Maintenance fee: The TD Bank Beyond Checking's maintenance fee is a little higher than most checking accounts. There are options to waive the fees, but they're also a little more challenging than with other banks.

To avoid the fee, you need to do one of the following:

  • Receive $5,000 or more in direct deposits per month
  • Have a minimum daily balance of $2,500
  • Have a minimum combined balance of $25,000 across all your eligible accounts

If you can't routinely fulfill one of these requirements, you can find a more affordable checking account elsewhere.

Fees

Fees Monthly Maintenance ATM Withdrawal Overdraft Stop Payment Insufficient Funds
TD Bank Beyond Checking $25 $0 $35 per item, max three per day $0 $35

How to access your money

Here's a closer look at how to deposit and withdraw funds from your TD Bank Beyond Checking account.

Deposit options

You can deposit money into your TD Bank Beyond Checking account in any of these ways:

  • Electronic transfer
  • Wire transfer
  • Mailed checks
  • Mobile-deposited checks

Withdrawal options

Here are your choices for withdrawing money from your TD Bank Beyond Checkingaccount:

  • Electronic transfer
  • Wire transfer
  • Check withdrawal
  • ATM withdrawal
  • Point-of-sale cash withdrawal

TD Bank Beyond Checking is right for you if:

The TD Bank Beyond Checking account is a great choice if you have average balances of a few thousand dollars and want to keep all your accounts with one bank. The account offers rare relationship benefits, including plenty of fee waivers. It could turn out to be an affordable option -- as long as you can avoid the monthly maintenance fee.

Keep reading about TD Bank

Our checking account methodology

At The Motley Fool Ascent, we rate checking accounts on a five-star scale (1 = poor, 5 = best). We evaluate all checking accounts across four main criteria: brand and reputation, APY and rewards, fees and minimum requirements, and perks.

Our scores are weighted as:

  • Brand and reputation: 40%
  • APY and rewards: 30%
  • Fees and minimums: 15%
  • Other perks: 15%

Learn more about how The Motley Fool Ascent rates bank accounts.

Our Banking Expert