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Hi, I am a student and I needed to choose a bank and I chose TD Bank. I need to answer some questions and I was hoping you could answer them. These questions are for checking accounts:
1. Name of Bank
2. Name/Type of Account ?
3. Opening Deposit Requirement?
4. Minimum Balance Requirement?
5. What types of fees are associated with the account? (e.g., monthly fee, minimum balance, checks, overdraft, etc.)
6. Does the account include overdraft bill pay included?
7. Is electronic banking or online pay included?
8. Are debit cards included?
9. Does the account have an interest rate? If so, what is it?
10. Does the account include account alerts?
These are the questions, I am hoping that you will help me out I am in 12th grade.
December 15, 2017 11:12:55 AM
Saving & Managing Your Money
In reply to Maria, Paterson
We appreciate your consideration with opening an account with TD Bank. We'll be glad to answer all of your above questions.
Here at TD Bank, we offer a variety of checking and savings accounts. We encourage you to take a quick look and review our checking products here: https://go.td.com/2aHjRCr and any fees associated. You can also take a look at the Savings accounts we currently offer here: https://go.td.com/2dIcnAw with any fees associated as well.
Since you mentioned that you are in 12th grade, if you are over the age of 18, you may open a Student checking account. Student checking accounts do not have any maintenance fees or minimum daily balance requirements. To open this account type, you must visit a TD Bank Store with a valid form of identification such as a State License, State ID or Passport and your Social Security number to open the account. If you're a student, you'll also want to provide proof of full-time enrollment such as a Student ID or a tuition payment receipt to be eligible for the student account.
If you're under the age of 18, your parent or guardian to be listed on the account will want to bring the same forms of ID listed above, and acceptable forms of identification for minors include a School ID (preferably with a picture), Passport, US Birth Certificate or Social Security card. Joint accounts may only be opened at a TD Bank location. Please check out: http://go.td.com/1f9DSJR.
Please keep in mind that Student benefits expire after 5 years or on a Student’s 24th birthday, whichever comes first. At that time, the account will automatically convert to a TD Convenience Checking account. Please know once you are 24 years of age, you are not able to revert back to a Student Checking.
If you need some help determining the right account for you, we recommend checking out our Account Selector here: https://go.td.com/2sx4N2E for a custom recommendation.
Our accounts do come with a discretionary overdraft feature called TD Debit Card Advance. This is an optional overdraft service we offer with our checking accounts that may help you avoid debit card declines. If your account is enrolled in this service, we may allow you to authorize ATM transactions or one-time debit card purchases even if you don't have enough money available in your account. We ask that you take a look here: https://go.td.com/1voNBCy for more details and also here: https://go.td.com/Yv0ulC for more specific information.
In regard to interest rates, please view the current accounts we have to offer for interest rates associated with that account type. Our Student Checking account does not accrue interest.
Once you open and fund the account, you may obtain a new debit card on the spot at any TD Bank location or we can mail a debit card by contacting us 24/7 at 888-751-9000.
You may do electronic banking or bill pay with our checking accounts. You'll be happy to know that you can use TD Bill Pay to schedule bills and keep track of your monthly expenses. You can also schedule payments to individuals. Please note, when sending a Bill Payment to an individual or Organization, an account number is not needed. However, you will need the mailing address. Also, TD Bill Pay can be used to make payments within the US with a US address. We suggest taking a look here https://go.td.com/1nAVkiK for more detailed information on using Bill Pay and scheduling payments. For more details on the FAQs, please select the FAQs tab. And as a TD Bank Customer, you will have free online access which includes Online Banking, Bill Pay, and Mobile Banking!
We hope this clarifies all of your inquiries, Maria!
Have a wonderful weekend.
Alara B, Mount Laurel
December 15, 2017 11:13:09 AM