If you are a student, it is important to choose the right bank account to avoid big fees and get the necessary features that are important to you. Accessibility is something to keep in mind if you plan on using the account when you’re away at school.
You may need to start managing you own money soon, so learn more about TD Bank Student Checking below and see if this type of bank fits your needs.
The TD Bank Student Checking Requirements
- Under the age of 24.
- Proof of active student status.
- No minimum opening deposit.
- Parent co-owner, if you’re younger than 18.
The Good
No Monthly Maintence Free or Minimum Balance Requirement
You just need to be under the age of 24 and have proof of active student status.
Extremely Convenient
With the access to thousands of TD Bank ATMs in the United States and Canada, TD Bank Visa Debit Card available on-the-spot, and branches that open early, open late and open 7 days a week.
On-the-Go Banking
With free mobile banking featuring Mobile Deposit, online banking with free Bill Pay, free online statements with check images and live customer service 24/7!
Send Money to Others for Free
When you use Zelle, a Paypal or Venmo like app.
Waved overdraft protection transfer feels
Also if you’re available account balance is overdrawn by $5 or less, TD Bank will not charge any overdraft fee.
Fee-Free TD Simple Savings Account
When you link to a TD Student Checking Account
Student Bank Tools
TD Bank provides educational resources, so you can learn all about personal finance. Topics include protecting your identity, understanding overdraft options, and more!
The Fees
| Usage | Fees |
| Monthly Maintenance | $0 With proof of active enrollment, expires in 5 years or at the age of 24. |
| Non-TD Bank ATM | $3 Per transaction, domestic or international. |
| Overdraft/NSF | $35 Per paid or returned item, max 5 items per business day. |
| Overdraft Protection Transfer | $0 Just link to another approved account. |
| Send Money with Zelle | $0 For delivering or requesting funds. |
| Paper Statement | $1 Per monthly billing cycle. |
The Bad
Spotty Coverage
TD Bank has over 1,200 locations on the East Coast, but you might have a difficult time finding a branch if you don’t live in an urban area.
Overdraft Fees
TD Bank charges a hefty $35 per overdraft or NSF transaction, up to five times per business day.
No Yield on Deposits
TD Bank Student Checking is a non-interest bearing account. But it’s free to open a TD Simple Savings Account if you’re looking to make a bit of money while saving money.
Bottom Line
If this isn’t the right account for you, you should check out our list for the Best Student Checking Account and decide which fits your needs the best! And while you’re here on HMB, check out more ways to Save Money!
 | Chase Business Complete BankingSM: Earn $300 bonus when you open a new Chase Business Complete BankingSM account and deposit $2,000 or more in new money within 30 business days & maintain that balance for 60 days, and complete 5 qualifying transactions within 90 days. Chase offers financial products and services that let you bank when and how you want. Get Coupon---Chase Business Checking Review |
 | U.S. Bank Business Checking: Earn a $500 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q1AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through March 31, 2023. Member FDIC. Apply Now---U.S. Bank Business Checking Review |
 | Huntington Unlimited Plus Business Checking: Earn $1,000 bonus when you open a Huntington Unlimited Plus Business Checking account and make total deposits of at least $20,000 within 30 days of account opening. The $1,000 bonus will be deposited into your account after all requirements are met. This account is for larger businesses with high monthly transaction volume. Apply Now---Huntington Unlimited Plus Business Checking Review |
 | Huntington Unlimited Business Checking: Earn $400 bonus when you open a Huntington Unlimited Business Checking account and make total deposits of at least $5,000 within 60 days of account opening. The $400 bonus will be deposited into your account after all requirements are met. This account is for businesses with higher checking activity and greater cash flow needs. Apply Now---Huntington Unlimited Business Checking Review |
 | Huntington Business Checking 100: Earn $100 bonus when you open a Huntington Business 100 Checking account and make total deposits of at least $2,000 within 60 days of account opening. The $100 bonus will be deposited into your account after all requirements are met. This account is ideal for start-ups and small businesses with lower balances and checking activity. Apply Now---Huntington Business Checking 100 Review |
 | Live Oak Bank Small Business Checking & Savings: Receive a $300 cash bonus when you open a new Live Oak Bank small business checking and savings account with qualifying activities. Apply Now---Live Oak Bank Small Business Checking Review |
Leave a Reply