TD Bank’s $1,400 Checking & Savings Bonus, Explained
If you’ve been meaning to shop around for a new bank account, TD Bank just put a solid reason on the table. The bank is running an in-branch promotion worth up to $1,400 combined — broken down as a $400 checking bonus and a $1,000 savings bonus — for customers who open both accounts and meet the requirements.
A few details worth knowing up front, straight from the offer terms:
- Direct deposit is required to earn the checking portion of the bonus.
- No credit card funding is allowed when opening the accounts — you’ll need to fund with cash, check, or a linked bank transfer.
- TD uses a soft pull to open the accounts, meaning it won’t show up as a hard inquiry on your credit report. That’s a nice perk if you’re mindful of your credit score.
- This is an in-branch offer, not something you can grab online, so you’ll need to visit a physical TD Bank location.
Who This Is Best For
This deal makes the most sense if you already have TD Bank branches nearby and can easily switch your direct deposit over. It’s a strong fit for:
- Households looking to consolidate checking and savings at one bank to hit a bigger combined bonus
- Anyone who gets paid by direct deposit and doesn’t mind moving it to a new account for a few months
- Value-conscious savers who don’t want a hard credit pull just to open a bank account
For our readers across the South, it’s worth noting TD Bank’s branch footprint doesn’t reach very far into the Deep South. The eligible states are Connecticut, D.C., Delaware, Florida, Maryland, Maine, Massachusetts, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, South Carolina, Vermont, and Virginia. If you’re in Florida, Maryland, North Carolina, South Carolina, Virginia, or D.C., you’re in luck — everywhere else in the South, this one isn’t available yet.
Caveats to Know Before You Go In
Because this is an in-branch-only promotion, you can’t apply from your couch — plan a trip to your local branch with ID and whatever funding method you’re using. Bank bonus offers like this typically run for a limited window, so it’s worth calling ahead or asking a branch representative for the current expiration date before you make the trip. And remember, the no-credit-card-funding rule means you’ll need cash or a transfer ready to go.
The Bottom Line
A combined $1,400 for opening two accounts is a strong offer in the bank bonus world, especially with just a soft credit pull. If you live in one of the eligible states — particularly Florida, Maryland, the Carolinas, Virginia, or D.C. for our Southern readers — it’s worth a branch visit to lock in both bonuses while direct deposit and funding requirements are still fresh in your mind.
Full offer details and terms: TD Bank $400 Checking & $1,000 Savings Bonus on Doctor of Credit