Yes, you can open a TD Bank savings account online from start to finish
TD Bank allows you to open most of their savings accounts through their website or mobile app without visiting a branch. The process takes about 10 to 15 minutes and you can fund the account when ready. You will need a valid government ID, a Social Security number, and a way to verify your identity — usually a phone number or email address TD can reach you at.
Not every TD savings product is available online. Some specialty accounts or accounts tied to specific programs may require a branch visit, but the standard savings accounts — including their regular savings and money market accounts — can be opened entirely online.
Key Takeaways
- TD Bank's standard savings accounts can be opened online using their website or mobile app in about 10 to 15 minutes.
- You will need a valid government ID, Social Security number, and a way for TD to contact you to verify your identity.
- You can fund your new account when ready with a transfer from another bank account or a debit card.
- If you already have a TD checking account, opening a linked savings account online is faster because TD already has your information on file.
What documents and information you need before you start
Gather these items before you begin the online process. 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, so have it nearby.
You will also need your Social Security number. TD uses this to check your identity and to report the account to credit bureaus. If you do not have a Social Security number, you may be able to open an account with an Individual Taxpayer Identification Number (ITIN), but you will need to call TD or visit a branch to confirm this option first.
Finally, have a phone number and email address where TD can reach you. They use these to send you a verification code during the signup process. Make sure you have access to whichever method you choose — if you give them your phone number, you will need to receive a text message right away.
The step-by-step process to open an account online
Start by going to TD Bank's website or opening their mobile app. Look for a button or link that says "Open an Account" or "New Account" — this is usually on the homepage or in the main menu. Select the type of savings account you want. TD typically offers a regular savings account and a money market account online; the difference is mainly in interest rates and minimum balance requirements.
Enter your personal information: your full name, date of birth, address, phone number, and email. TD will then ask you to verify your identity. This usually means answering questions based on information from your credit report — things like "which of these addresses have you lived at" or "which of these is your current loan amount." These questions confirm you are who you say you are.
Next, you will create your online banking username and password. Choose a password you have not used elsewhere and that you can remember. TD may also ask you to set up a security question and answer. After this, you will see a summary of your new account. Review it carefully, then confirm that you want to open the account.
How to fund your account right after opening it
Once your account is open, TD will show you options to deposit money. The fastest way is usually a transfer from another bank account you already own. You will enter the routing number and account number from your other bank, and TD will pull the money over — this typically takes one to two business days.
You can also fund the account with a debit card right away, though there may be a limit on how much you can deposit this way on your first day. Some accounts have a minimum opening deposit requirement, usually between $0 and $25 depending on which savings product you choose — TD's website will tell you before you finish opening the account.
If you already have a TD checking account, you can transfer money between your accounts when ready once your savings account is set up. This is often the easiest route if you bank with TD already.
What happens if you already have a TD account
If you are already a TD customer with a checking account, opening a savings account online is faster. TD already has your identity information verified, so you will not need to answer the security questions again. You can often open a linked savings account in just a few minutes.
The process is the same — you go to the website or app, select "Open an Account," and choose your savings product — but you will skip the identity verification step. You can transfer money between your checking and savings accounts when ready once the savings account is active.
When you might need to visit a branch instead
Most people can open a TD savings account entirely online, but some situations require a branch visit. If you do not have a government ID, if you cannot verify your identity online, or if you want to open a specialty account that is not listed on the online signup page, you will need to go to a branch.
You may also need to visit a branch if you want to open an account without a Social Security number or ITIN — some branches have different options than what the online system offers. If you are unsure whether your situation can be handled online, you can call TD customer service or visit a local branch to ask before you try the online process.
Common reasons the online process might not work
The most common reason an online signup fails is an identity verification problem. If TD cannot match your information to their records or if you answer the security questions incorrectly, the system will stop and ask you to visit a branch or call. This does not mean you cannot open an account — it just means you will need to do it in person or over the phone.
Another reason is a mismatch between the name on your ID and the name in your records. If you recently changed your name, got married, or had a legal name change, make sure you enter your name exactly as it appears on your government ID. If the system rejects you, a branch can often resolve this quickly.
Technical issues can also interrupt the process. If your browser crashes or your internet connection drops, you may need to start over. Save your progress if the system offers that option, and try again from a different device or network if you keep running into problems.
Frequently Asked Questions
How long does it take to open a TD savings account online?
The signup process itself takes 10 to 15 minutes. Your account is usually active when ready, though if you fund it with a transfer from another bank, that transfer takes one to two business days to arrive. You can start using your savings account as soon as it opens, even if your deposit is still in transit.
Do I need to have a TD checking account to open a savings account online?
No. You can open a TD savings account online even if you have never banked with TD before. You will just need to go through the full identity verification process, which takes a few extra minutes compared to existing customers.
What if I do not have a Social Security number?
You may be able to open an account with an ITIN or other tax identification number, but this is not always available through the online process. Call TD or visit a branch to ask about your options before you try to open an account online.
Can I open a joint savings account with someone else online?
Most TD online account openings are for a single person. If you want to open a joint account with another person, you will likely need to visit a branch or call TD to set that up, since both account owners need to verify their identity.
What should I do if the online process rejects me?
If the system will not let you complete the signup, visit a TD branch or call their customer service line. They can often open an account for you over the phone or in person, and they can tell you why the online process did not work.