TD Bank is located on the East Coast with 1,300 locations offering low minimum balance requirements as well as extending banking hours with a 24/7 customer service by phone.
They offer different types of banking services depending on your needs – from personal checking to investment options like CDs.
On the other hand, Ally Bank offers high interest rates on their savings as well as offering interest on their checking and CD account options.
There’s no minimum deposits or service fees on their banking products.
Continue reading below to see a side-by-side comparison between the two banks, so you can see which one offers the services you need the most
|TD Bank Beyond Checking||$300 Cash||Review|
|TD Bank Convenience CheckingSM||$150 Cash||Review|
|TD Ameritrade||$600 Cash||Review|
|TD Bank||Ally Bank|
|Locations||1300 locations along the east cost (Locator)||Online Only|
|ATMs||1,300 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida||Over 43,000 no-fee Allpoint ATMs|
|Pros||-Extended banking hours
-Low requirements to waive monthly fees
-No foreign transaction fees
-No account minimums
-Good customer service
|Cons||-No free checking
-Only on East Coast
|-Low Checking APY for lower balance customers|
|Bottom Line||TD Bank offers a variety of banking services that includes saving, checking, and CDs.||Ally Bank is an online only based banking that offers full service with the most competitive rates.|
TD Bank Promotions
• Open a TD Beyond Checking account online and earn $300 when you receive direct deposits of $2,500 or more within 60 days of opening your account.
• With the TD Beyond Checking with Payback Plus, you'll earn interest and get reimbursed for fees like ATM transactions, overdrafts, Rush Bill Pay and outgoing wires – on top of all the perks you'd expect from everyday checking.
• Pay no monthly maintenance fee with monthly direct deposits of $5,000 or more, a minimum daily balance of $2,500, or a combined balance of $25,000 across your eligible TD accounts.
• TD Beyond Checking Review
With the TD Convenience CheckingSM Account:
• Earn $150 when you receive direct deposits totaling $500 or more within 60 days
• Low minimum daily balance of $100 waives the $15 monthly fee.
• Students and young adults ages 17 through 23 get additional perks like no minimum balance requirements and no monthly maintenance fee.
• Instantly replace a lost or worn debit card by visiting a TD Bank location near you
• Access accounts via Online Banking with Bill Pay, Online Statements and TD Bank Mobile Deposit, with 24/7 cash access at TD ATMs in the U.S. and Canada – plus 24/7 Live Customer Service
• Get a 0.25% discount on TD Bank Home Equity and Personal Loans
Ally Bank Promotions
Open an Ally Invest account to enjoy all these benefits:
• Earn up to $3,000 cash bonus with deposit amount requirement
• Free Trades for 90 days (up to $500 in value) when you open a new Ally Invest Securities Individual, Joint or Retirement account.
• 500+ commission-free ETFs
• $4.95 per equity trade with no opening minimum & option trades 65¢ per contract
• $3.95 per equity trade for high-balance/high-volume traders & option trades 50¢ per contract
• LIVE Trading Platform & Mobile App: Stay on top of the market with live news/streaming quotes available across multiple devices the mobile app.
• Get a wide variety of investment products built with the do-it-yourself investor in mind PLUS in-depth research & market analysis tools to support all types of investment strategies
Compare to Other Banks
- TD Bank vs Citibank
- TD Bank vs Wells Fargo
- TD Bank vs PNC Bank
- TD Bank vs SunTrust Bank
- TD Bank vs Capital One
- TD Bank vs Bank of America
- Ally Bank vs Bank of America
- Ally Bank vs Wealthfront
- Ally Bank vs Capital One
- Ally Bank vs Marcus by Goldman Sachs
- Ally Bank vs Axos Bank
- Ally Bank vs CIT Bank
- Ally Bank vs Discover Bank
Which Bank is Better: TD Bank or Ally Bank?
- If you live in the near the East Coast, take advantage of the many accounts that TD Bank has to offer as well as the extended customer hours and easy online banking.
- Ally Bank offers good interest rates and no account minimum or service fees.
More on TD
- What Are TD Bank’s Hours?
- TD Bank Routing Numbers By State
- How To Open a TD Bank Account
- How To Find and Use Your TD Bank Login
More on Ally
- How To Open an Ally Bank Account
- What Are Ally Bank’s Hours?
- How To Find and Use Your Ally Bank Login
- Ally Bank Routing Number