Yes, you can open a TD Bank savings account online from your computer or phone

TD Bank lets you open a savings account entirely online without visiting a branch. The process takes about 10 to 15 minutes, and you can start with as little as $0 in some accounts. You will need a valid government ID, a Social Security number, and a way to fund the account — either a debit card, another bank account, or a wire transfer.

The account opens when ready in most cases, though TD may place a temporary hold on deposits while they verify your identity. You can begin using the account the same day, including setting up direct deposit or transfers from another bank.

Key Takeaways

  • You can complete the entire signup process on TD Bank's website or mobile app without going to a physical branch.
  • You will need a valid government ID, Social Security number, and an initial funding method such as a debit card or existing bank account.
  • The account typically opens the same day, though TD may verify your identity before releasing deposited funds.
  • After opening, you can set up direct deposit, transfers, and online bill pay through your account dashboard.

What you need before you start

Gather these items before beginning the online signup. You will need a valid government-issued ID — a driver's license, passport, or state ID card. TD will ask you to verify information from this ID, such as your address and date of birth.

You will also need your Social Security number. TD uses this to check your identity and to report account activity to the IRS. If you do not have a Social Security number, you may still open an account, but the process differs — contact TD directly to learn your options.

Finally, have a funding method ready. This can be a debit card from another bank, a checking or savings account at another institution, or a wire transfer. If you have none of these, you can open the account with $0 and fund it later by visiting a branch or setting up a transfer once the account is active.

The online signup process, step by step

Go to TD Bank's website or open the TD Bank mobile app. Look for a button labeled "Open an Account" or "get your free guide" — the exact wording changes, but it will be on the homepage. Select "Savings Account" from the account types shown.

TD will ask you to choose which type of savings account you want. The most common option is the TD Bank Savings Account, which has no monthly fee if you maintain a minimum balance (the amount varies by state and changes periodically — check TD's current terms). Other options may include high-yield savings or money market accounts, each with different interest rates and requirements.

Next, enter your personal information: full name, date of birth, address, phone number, and Social Security number. TD will ask you to create a username and password for online banking. Make this password strong — use a mix of uppercase and lowercase letters, numbers, and symbols.

TD will then verify your identity by asking questions about your credit history or by requesting information from your ID. This usually takes a few minutes. Once verified, you will choose your funding method and enter those details. If you are funding from a debit card, you will provide the card number and expiration date. If you are funding from another bank account, you will provide the account and routing numbers.

Review the account terms and disclosures, then confirm your choices. TD will show you a confirmation number and your new account number. Write these down or take a screenshot.

What happens after you submit your process

Your account number appears when ready, and you can log into online banking right away. However, TD may place a temporary hold on deposits while they complete identity verification — this usually lasts 24 to 48 hours. During this time, the money is in your account but you cannot withdraw it.

You will receive a confirmation email with your account details. Check your email (including spam folders) within a few minutes of completing signup. If you do not see it within an hour, log into your TD Bank account online and check your messages there.

TD will mail you a debit card and checks (if you requested them) within 7 to 10 business days. Until the card arrives, you can transfer money between accounts online, set up bill pay, or visit a TD branch to withdraw cash using your account number.

Setting up direct deposit and transfers

Once your account is open, you can set up direct deposit — having your employer or a government agency deposit your paycheck or benefits directly into the account. Log into TD Bank online, go to the account settings, and look for "Direct Deposit" or "Add Direct Deposit." You will need your account number and routing number, both of which appear in your online banking dashboard.

You can also set up transfers from another bank account. In your TD account, select "Transfer Money" and choose "From Another Bank." Enter the other bank's account and routing numbers, and the amount you want to move. The first transfer may take 3 to 5 business days to complete while TD verifies the account.

If you want to move money from an existing TD account into your new savings account, that transfer happens when ready within TD's system.

Reasons the online signup might not work

If TD cannot verify your identity online, you will be asked to visit a branch in person. This happens occasionally with people who have limited credit history, a recent address change, or a name that does not match records exactly. Bring your ID and Social Security card to the branch, and a banker can complete the account opening for you.

If you are outside the United States, you cannot open an account online. TD requires a U.S. address and a U.S. Social Security number or Individual Taxpayer Identification Number (ITIN). Contact a TD branch or call their customer service line to discuss options.

If you are under 18, you cannot open an account in your own name online. A parent or guardian must open a custodial account at a branch. Some TD locations offer teen checking accounts with parental controls, but these must be opened in person.

Frequently Asked Questions

How much money do I need to open the account?

Most TD savings accounts have no minimum opening deposit. You can open with $0 and fund it later. However, some accounts require a minimum balance to avoid a monthly fee — typically $300 to $500 depending on the account type and your state. Check the specific account's terms before you open.

Can I open an account if I have been denied by other banks?

TD uses ChexSystems, a banking history database, to screen applicants. If you appear in ChexSystems due to a closed account or unpaid fees, TD may deny your process. You can request a free copy of your ChexSystems report to see what is listed. If there is an error, you can dispute it directly with ChexSystems.

What if I do not have a Social Security number?

You may be able to open an account using an Individual Taxpayer Identification Number (ITIN) instead. The online process may not accept an ITIN, so call TD Bank or visit a branch to discuss your situation. Bring your ID and ITIN documentation.

How long does it take to receive my debit card?

TD typically mails debit cards within 7 to 10 business days. You can use your account online and at ATMs before the card arrives. If you need cash when ready, visit a TD branch with your account number and a valid ID to withdraw from the teller.

Can I open multiple savings accounts online?

Yes. Once your first account is open, you can log in and open additional accounts from your dashboard. Each account will have its own number and can serve a different purpose — for example, one for emergency savings and one for a specific goal.