What you need to open a TD Bank account

TD Bank lets you open a checking or savings account online, by phone, or in a branch. The fastest route is online if you have a government-issued ID and a Social Security number ready. You'll need to provide your name, address, date of birth, and initial deposit information — most accounts require a minimum opening deposit, though the amount varies by account type.

If you're opening in person at a branch, bring a valid ID (driver's license, passport, or state ID card) and your Social Security number. You can also open by phone by calling TD Bank's customer service line, though you'll still need to verify your identity and may need to visit a branch later to complete the process.

Key Takeaways

  • You can open a TD Bank account online, by phone, or in a branch, and the online route is usually fastest if you have your ID and Social Security number.
  • TD Bank requires a government-issued ID, Social Security number, and an initial deposit to open most accounts.
  • Minimum opening deposits vary by account type — checking accounts typically require less than savings accounts.
  • If you open online, you can usually start using your account within hours; in-branch openings are when ready.

Opening an account online

Go to TD Bank's website and select "Open an Account." You'll choose between checking, savings, or money market accounts. The online form asks for your personal information, including name, address, date of birth, phone number, and email. You'll also enter your Social Security number and provide your initial deposit method — either a debit card, bank transfer, or wire transfer.

TD Bank will verify your identity using information from your credit report and may ask follow-up questions to confirm who you are. Once approved, you'll receive your account number and routing number when ready. You can set up direct deposit or transfer money into the account right away, though some transfers may take one to two business days to clear.

Opening an account in a TD Bank branch

Find your nearest TD Bank location on their website and visit during business hours. Bring a valid government-issued ID and your Social Security number. A banker will walk you through the account options, help you choose the right account type, and process your opening deposit on the spot.

In-branch openings are when ready — you'll leave with your debit card, account number, and access to online banking. If you don't have a debit card yet, TD Bank can order one to your address, which typically arrives within five to seven business days.

Opening an account by phone

Call TD Bank's customer service number (found on their website) and tell them you want to open an account. A representative will guide you through the same questions as the online form: personal information, Social Security number, and initial deposit method. They'll verify your identity using information from your credit report.

Phone openings usually require you to visit a branch within 30 days to complete the process and receive your debit card in person. Some representatives may be able to mail your debit card instead, but this varies by location and account type — ask when you call.

Minimum deposits and account types

TD Bank offers several account types, each with different opening deposit requirements. Checking accounts typically require $25 to $100 to open, depending on the specific product. Savings accounts and money market accounts may require higher minimums, sometimes $500 or more.

TD Bank also offers accounts designed for students, seniors, and people with no banking history. These accounts may have lower minimums or different fee structures. Ask about all available options when you open your account, since the right choice depends on how you plan to use the account.

What happens after you open your account

Once your account is open, you can set up direct deposit, transfer money from another bank, or deposit checks using TD Bank's mobile app. Your debit card will arrive by mail if you didn't receive it in person — this usually takes five to seven business days. You can start using your account for online bill pay and transfers when ready, even before your debit card arrives.

TD Bank charges monthly maintenance fees on most accounts, though some accounts waive the fee if you maintain a minimum balance or set up direct deposit. Review your account agreement to understand what fees explore and what you can do to avoid them.

If you don't have a Social Security number

TD Bank requires a Social Security number or Individual Taxpayer Identification Number (ITIN) to open an account. If you don't have either, you'll need to obtain one before you can open an account. The Social Security Administration issues Social Security numbers; the IRS issues ITINs to people who don't may have access to for a Social Security number but need a tax ID.

Some banks offer accounts to people without a Social Security number, but TD Bank is not one of them. If you're in this situation, research banks in your area that offer accounts to non-citizens or people without a Social Security number.

Frequently Asked Questions

Can I open a TD Bank account if I'm under 18?

Yes, but you'll need a parent or guardian to co-sign. TD Bank offers student checking accounts designed for people under 18, which usually have lower fees and no minimum balance requirement. A parent or guardian must be present in person or on the phone to verify their identity and consent to the account.

How long does it take to open an account online?

The online form usually takes 10 to 15 minutes to complete. TD Bank's identity verification process can take a few minutes to a few hours depending on how quickly they can confirm your information. You'll know when ready if you're approved, and you can use your account the same day in most cases.

What if TD Bank denies my account opening?

TD Bank may deny an account if you have a history of overdrafts, fraud, or other banking issues recorded in ChexSystems (a banking history report). You can request a copy of your ChexSystems report to see what information they have. If there's an error, you can dispute it directly with ChexSystems.

Do I need to keep a minimum balance after I open the account?

Most TD Bank accounts charge a monthly fee unless you maintain a minimum balance or set up direct deposit. The minimum balance varies by account type — some accounts require $500, others $1,500 or more. Check your account agreement or ask a banker what the requirement is for your specific account.

Can I open multiple accounts at TD Bank?

Yes, you can open multiple checking and savings accounts at TD Bank. This can be useful if you want to separate money for different purposes — one account for bills, another for savings, for example. Each account will have its own account number and debit card.