TD Bank is offering a number of different account bonuses to new checking and savings account customers who open an account between now and October 31st, 2022.

Find out here how to qualify for a bonus of up to $500 (or at least $150) when you become a new customer with TD Bank. Is this national bank right for you?

How to Earn up to $500

You can earn anywhere from $150 to $500 when you open a qualifying TD Bank checking or savings account as a first-time customer. To get a bonus, you can either open one of two eligible checking accounts, one of two eligible savings, or a new checking account and a new savings account. How much you earn depends on which account or accounts you open.

First, let’s talk about the checking account offers. The two eligible checking accounts are the TD Convenience Checking and the TD Beyond Checking accounts. See the bonuses and requirements below. 

• Earn $150 when you open a new TD Convenience Checking account and receive at least $500 in qualifying direct deposit transactions within 60 days of opening.
• Earn $300 when you open a new TD Beyond Checking account and receive at least $2,500 in qualifying direct deposit transactions within 60 days of opening.

Qualifying direct deposit transactions include ACH transactions, paychecks from your employer, or Social Security deposits.

The TD Convenience Checking account is the most popular choice but the TD Beyond Checking account comes with more perks and benefits.

Next, the savings account offers. The two eligible savings accounts are the TD Beyond Savings and TD Simple Savings accounts. See the bonus requirement, which is the same for both accounts, below.

• Earn $200 when you open a new TD Beyond or TD Simple Savings account and deposit at least $20,000 within 20 days of opening. You must then maintain this balance for a total of 90 days after meeting the full deposit minimum of $20,000.

The TD Simple Savings account is the most popular choice but the TD Beyond Savings account comes with more perks and benefits. You cannot earn this bonus twice for opening both accounts.

Use this link when applying to qualify for the bonus. After meeting the requirements, your bonus will be deposited into your account within 140 days of when you opened it.

🔍 To earn the full $500 possible, you need to open a TD Beyond Checking account and either of the two savings accounts. Any combination of accounts and bonuses are permitted.

That said, the fee for either savings account is waived if you link a TD Beyond Checking account, so definitely consider this checking account if you’re planning on opening a savings account.

You cannot qualify if you already have a checking or savings account with TD Bank, have received a new account bonus from TD Bank in the past, or have had an account with TD Bank within the last 12 months (even if it is now closed). You will also not be eligible if you transfer money from any other TD Bank account into the new one. It must be new money.

This promotion expires on October 31st, 2022. If you successfully open a new account by this deadline, you can be eligible for the bonus offers.

TD Convenience and TD Beyond Checking Accounts

There is a $15 monthly maintenance fee for the TD Convenience Checking account that is waived when you maintain an average daily balance of at least $100. The fee is also waived if the primary account owner is between the ages of 17 and 23 years old.

The TD Convenience Checking account does not earn interest. There are no fees for using your debit card at TD Bank ATMs, no fees for transfers made through Zelle, and no fees for using Bill Pay features. This account offers overdraft services (note that there is an added fee for overdraft transfers if you are not younger than 23).

There is a $25 monthly maintenance fee for the TD Beyond Checking account that can be waived in one of three ways:

• Maintaining an average daily balance of at least $2,500
• Having a combined balance of at least $25,000 across all your deposit and mortgage accounts
• Receiving at least $5,000 in qualifying direct deposit transactions per statement period

There is no minimum opening deposit requirement for this account.

This is technically an interest-bearing checking account, but with a current APY of 0.01%, this is far from a competitive account. The national average interest rate for a checking account is 0.03% right now, and you can do a little better than that at other banks and credit unions. On the TD Beyond Checking account, you’ll earn interest as long as you have a positive balance in your account

There is no fee for using non-TD Bank ATMs and any fees you incur at out-of-network ATMs are reimbursed if you have a balance of $2,500 or more. Fees are also reimbursed or waived when you use the Rush Bill Payments feature to send your payments through faster, make up to two overdrafts per year, and make outgoing wire transfers. There is no foreign transaction fee when making purchases internationally or receiving incoming wires.

Savings Accounts

There is a $15 monthly maintenance fee for the TD Beyond Savings account that can be waived in one of two ways:

• Maintaining an average daily balance of at least $20,000
• Linking this account to a TD Beyond Checking account

This savings account currently earns an interest rate of 0.01% across all balance tiers. Any positive balance will earn interest. The national average interest rate for a savings account is 0.06% right now and this is far below what many banks and credit unions are offering, so this savings account isn’t a great choice if you’re looking for the highest interest rate possible.

You can qualify for a rate bump if you link a qualifying checking account. The following accounts are eligible:

• A personal or small business checking account with at least three customer-initiated deposits, withdrawals, transfers, or payments per month
• A personal or small business checking account with at least one direct deposit transaction per month
• A TD Bank Personal Mortgage, Home Equity, or credit card

Take a look at the adjusted APYs by balance with a relationship account.

TD Beyond Savings Relationship Bump Rates

There are no fees when you use your linked card at an in-network TD ATM and you will have fees from out-of-network ATMs reimbursed if your balance is at least $2,500. Other free services include money orders, bank checks, stop payments, and incoming wire transfers.

You can link this account to provide Overdraft Protection to any of your TD Bank checking accounts and have money transferred automatically from your savings to your checking when you overdraw your balance. 

There is a $5 monthly maintenance fee for the TD Simple Savings account that can be waived in one of five ways: 

• Maintaining an average daily balance of at least $300
• Linking this account to a TD Beyond Checking account
• Linking this account to a TD Convenience Checking account if you are under 24 years old
• Being under 18 years old or above the age of 62
• Making at least $25 in recurring transfers into this account from a linked TD Bank checking account (up to 12 months)

This account currently earns an interest rate of 0.02% on all balances. There is no minimum opening deposit or fee for using in-network ATMs. This account offers free online Bill Pay services

Final Thoughts

If you’re looking to open a new checking and savings account anyway, it wouldn’t be a bad idea to open with TD Bank to earn up to $500. These are solid checking and savings accounts … We recommend the TD Beyond Checking and TD Simple Savings accounts for maximum earnings potential and benefits. 

The fees for TD Bank checking and savings accounts are pretty average and there are many ways to waive them, making these good choices if you’re looking for a free option. We don’t recommend these accounts if your main goal is to earn interest as the rates are not competitive. Also, the savings bonuses in particular require high deposits/balances that you might find restrictive.

If you’re in the market for a new checking account and you don’t already have one with Fifth Third Bank, you’re in luck. 

This midwestern bank is currently offering a checking account bonus of $300 to new customers who open a qualifying personal checking account and meet activity requirements. This bonus is available to new customers only.

Here’s how to qualify for a new account bonus with Fifth Third Bank and an overview of the two eligible accounts to help you choose the one that’s right for you.

How to Get the $300 Bonus

Right now through March 31st, 2022, Fifth Third is paying a $300 account bonus to all new customers who open either a Fifth Third Momentum Checking or Fifth Third Preferred checking account. While these are not the only personal checking accounts available from this bank, they are the only two that qualify for the bonus offer.

To qualify, you must get a code from this link and use this when signing up for an account. Then, you need to set up direct deposit and receive a total of $500 from direct deposit transactions within the first 60 days. After meeting these requirements, the $300 bonus will be deposited into your account automatically within 10 business days of qualifying.

That’s it. As long as you open your new account by March 31st and don’t forget to use the offer code, you’ll qualify for this offer. You will not be eligible if you already have an account with Fifth Third or you have closed a Fifth Third Checking account within the last 12 months.

Fifth Third Momentum Checking Account

The Fifth Third Momentum Checking Account does not have a minimum opening deposit requirement. You can make a deposit of any amount (you must do so within 45 days of account opening) and there is no minimum monthly balance required to keep your account. This is not an interest-bearing checking account.

This account does not charge a monthly maintenance fee. Some fees to be aware of are the $2.75 for out-of-network ATM withdrawals, a $5 fee for international ATM withdrawals, 0.20% currency conversion fee, a 3% international POS/ATM transaction fee, and $5 inactivity fee if you don’t use your account for 12 months. There is also a $37 overdraft fee, but there are a couple of ways to avoid paying this.

These fees apply to all Fifth Third personal checking accounts. For a complete list of checking account fees, read the Fifth Third Debit Card Disclosure and Card Agreement.

Fifth Third Momentum Banking customers enjoy the following benefits:

• Early Pay to receive direct deposits up to two days in advance
• Fifth Third Identity Alert provided by Trilegiant
• Extra Time for overdrafts
• MyAdvance
• Unlimited check writing capabilities

There are no fees for using any of these features but you will pay interest when using MyAdvance (and you will pay fees when using cash advance at ATMs).

Early Pay allows you to receive payment from your employer up to two days before they are scheduled to post as long as your employer agrees to this. 

Extra Time is an optional overdraft extension feature that gives you extra time to make a payment when you have attempted to overdraw your account. If you have this feature enabled, you will have until midnight (EST) on the day of an overdraft to fund your account with the amount needed to fully cover the overdraft as well as any pending debit card purchases, outstanding checks, or automatic payments. Items returned unpaid are not eligible for protection. 

You can also qualify for free Overdraft Protection, a service that will automatically transfer the necessary funds to cover an overdraft from a linked checking or savings account, if you have this account. However, you can only use Overdraft Protection for one of your checking accounts at any given time. 

MyAdvance lets you get a cash advance on your next qualifying direct deposit if you are found to be eligible. Eligibility is determined by how many times you have applied for a MyAdvance line of credit in the last 90 days and how many qualified direct deposits you have received in the last 35 days. 

Fifth Third Preferred Account

There is no required minimum opening deposit for a Fifth Third Preferred checking account as long as you fund the account at all within 45 days of opening it. 

There is a $25 monthly maintenance fee for this account. The only way to waive it is to maintain a combined total balance, across all of your Fifth Third deposit and investment accounts, of at least $100,000. You will need to qualify every month to avoid the fee.

This is an interest-bearing checking account that pays an APY of 0.01% on all balances. Interest is compounded continuously and credited monthly to your account. More likely, however, it’s the other exclusive benefits you’ll be interested in.

In addition to all of the benefits mentioned above for the Momentum Checking account, Fifth Third Preferred Checking customers enjoy the following perks:

• Secondary checking account
• Lower borrowing rates on Fifth Third Loans and mortgages
• Online bill pay (pay most bills as soon as the next day)
• Enhanced mobile banking features
• Waived fees for savings and business banking accounts (as long as you are listed as the owner for both)

Preferred Checking account holders enjoy exclusive Preferred rates when they take out Direct Auto loans, Easy Home Ref, Home Equity loans and Home Equity lines of credit, and personal loans and personal lines of credit. But you don’t automatically qualify for these rates. To be eligible, you need to have a combined total balance of at least $100,000 across all of your deposit and investment accounts at the time you’re applying for a loan.

Plus, you’ll get personalized support as a Preferred customer. There are dedicated Preferred Bankers as well as a 24/7 customer service line available only to those with this checking account.

You’ll also be eligible for $0 self-directed online trades with a Fifth Third brokerage account. Life360 is a wealth management platform that can help you organize all of your financial planning in one place. This portal, operated by eMoney Advisor LLC, is completely optional but may help you track your net worth and manage your accounts more easily.

Final Thoughts

If you don’t already have a checking account with Fifth Third Bank, now is a great time to get one. $300 is a pretty solid offer for a checking account and you don’t have to jump through a bunch of hoops to qualify, as you do with some promotions. If you think you can easily meet the direct deposit requirements and you need a new checking account, use this article to sign up.

We recommend the Fifth Third Momentum Checking account to anyone looking for a place to park their money for free and Fifth Third Preferred for people looking for a priority banking experience at a modest annual price.

In 2022, you shouldn’t have to pay for a great checking account. There are enough choices out there to pick from, and you can even be selective based on your priorities for a deposit account. We’ve rounded up 11 of the best free checking accounts of 2022 and covered their advantages and disadvantages here.

Best Overall – Capital One 360

You’ve heard of this one, no doubt, whether you’re a Capital One customer or not. The Capital One 360 Checking Account is our top pick for the best free checking account overall. This is a fee-free checking account with a solid mobile app, good cash access, and options for getting your money faster and protecting yourself from over drafting.

You can manage this account from a Capital One bank or cafe or manage it completely online from the mobile app, which scores in the high 4’s. Enroll in instant alerts to receive push notifications about your activity. There are no fees for monthly maintenance, low balance, or transfers. Access your money at more than 70,000 in-network ATMs across the country.

You can choose what happens when you overdraft to avoid paying fees. Coverage options include Auto-Decline (transactions declined), Free Savings Transfer (funds transferred from savings or MMA), and Next Day Grace (one full day to transfer the money into your account).

Best for Budgeting – One

For an account that will help you keep your spending in check and save money, check out the One Spend and Save Account. This checking account by One Finance is a unique multi-purpose account that lets you spend, save, and borrow in one place. This checking account is ideal for budgeting and building good habits.

You can organize your money into “Pockets” to allocate funds for different purposes and share these with other people in your household. To help yourself save money, you can enroll in Auto-Save to round up your purchases when using your One card or move a portion of your paychecks over to your savings. One offers an uncapped APY of 3% on Auto-Save balances and 1% on the rest of your savings balance.

Customers can also enroll in Credit Builder to add on-time payments to their credit history, no credit checks required. Customers create a Credit Builder Pocket, use the available money to make purchases or pay bills, and One Finance automatically pays the entire balance at the end of the month and reports the payment to the three major credit bureaus. 

Best for Earning Interest – Alliant High-Rate Checking

The Alliant High-Rate Checking Account has consistently ranked as one of the top free checking accounts for a couple of years now. It is best for people looking for a checking account that earns interest. Right now, the rate is 0.25%. Although that’s not knock-your-socks-off great, it is easy to earn and there are no caps. 

Rather than requiring you to maintain a minimum balance to qualify for this rate, Alliant lets you qualify by opting into eStatements and making at least one electronic deposit (via ATM, mobile deposit, direct deposit, etc.) per month. 

Other nice features include overdraft protection, a digital Visa debit card on top of your physical one, and Courtesy Pay to avoid decline fees when a payment or transfer doesn’t go through. You can access your money at more than 80,000 in-network ATMs and get reimbursed up to $20 per month when you incur fees from using out-of-network machines. The Alliant High-Rate Checking Account is an all-around smart choice.

Best Online-Only Account – Axos Bank Checking Account

If you want to be able to do 100% of your banking from your phone or computer, the Axos Bank Essential Checking Account is for you. This is a basic digital checking account that does everything right. First, there are none of your typical maintenance and account fees. Everything from incoming wire transfers to checks are free, and this account offers unlimited ATM reimbursement as well. 

Plus, you can get your direct deposits up to two days early and earn money when you refer friends. The Axos checking account can even be linked to other budgeting and payment apps like Venmo. Customers can reach customer support 24/7. Basically, we didn’t find anything not to like about this one.

Axos also offers a Rewards Checking account and Cashback Checking account. Though these don’t have handy features like early direct deposit and ATM reimbursements and require higher balances and more regular debit card use, they do pay up to 1.25% interest and 1% cashback, respectively.

Best for Business – Novo Business Checking

Business owners can do their banking for free too. The Novo Business Checking Account is best for small business owners, start-up owners, and entrepreneurs. 

This is an online-only checking account that doesn’t charge for transfers, checks, or wires and doesn’t have minimum daily balance requirements. Get all of your ATM fees reimbursed, too. Novo can connect to many common payment and management platforms including Stripe, Quickbooks, Shopify, Slack, and Zapier. The minimum opening balance is just $50 and anyone who owns a business, corporation, or non-profit is eligible to join.

For a free and convenient solution to your business banking needs, consider the Novo Business Checking Account.

Best for College Students – Chase College Checking

Students between the ages of 17 and 24 who are enrolled in a college or university full-time are eligible to open a Chase College checking account. This account is free until a student graduates (up to five years) and then costs $6 a month unless waived. There is no minimum balance required to avoid the monthly fee or open an account.

Users can transfer money instantly through Zelle and enroll in account alerts for upcoming payments, low balance, etc. The Chase mobile app is user-friendly and easy to navigate.

All new customers receive a $100 account bonus when they open an account and make 10 qualifying transactions within 60 days. This is a pretty basic checking account in terms of features and usage, but being a customer with Chase means access to a large network of branches and ATMs and decent customer service.

Best for Low Balance – GO2bank Checking Account

The online-only bank account by GO2bank is best for users who intend to maintain relatively low balances. This is because the GO2bank mobile account is eligible to earn an interest rate of 1% on your balance, capped at $5,000. Your balance may exceed this, but it won’t earn interest.

To start earning interest, you can open savings vaults within your checking account and save for different goals. Interest is calculated for each vault and distributed accordingly but you will not earn interest on more than $5,000 across all of your vaults. Refer friends to receive up to $1,500 annually at a bonus rate of $50 per friend you refer. There is a GO2bank secured credit card as well that does not require a credit check to open and needs a cash deposit of only $100.

Just note that this account is only free if you receive at least one direct deposit transfer per month. Otherwise, the monthly maintenance fee is $5. GO2bank also offers up to $200 in overdraft protection to users who qualify to have the monthly fee waived (must opt in).

Best for High Balance – Ally Bank Interest Checking Account

On the flip side, you may be searching for a checking account that rewards higher balances. If this is true for you, the Ally Bank Interest Checking Account may be a good fit. This account earns an APY of 0.10% on balances less than $15,000 and an APY of 0.25% on balances greater than $15,000. There are no minimum balance requirements, but those with high balances will get the most benefit out of this checking account.

Ally Bank is a fully-digital bank, but you’ll still have access to more than 43,000 ATMs. This debit card has excellent security features. For example, you can enable Card Controls to set spending limits for your card, restrict certain merchant categories, or even restrict card use to a certain distance from your phone’s location (all useful in the event that your card is stolen). 

This account is completely free except for fees charged for outgoing wires, expedited card delivery, and returned deposits. 

Best for Usage Flexibility and Cash Access – Varo

Another online account, the Varo Bank Online Checking Account offers convenience and a modern banking experience. This checking account is best for people who want easy access to their money when they need it, even in advance of when they get paid.

This account comes with a contactless Visa debit card that can be used at more than 55,000 ATMs. You can receive your direct deposits up to two days in advance with this account and may even qualify for a cash advance of up to $100. To be eligible, your account must be 30 days old or older, you must receive at least $1,000 in direct deposit transfers every month, and you must not have any unpaid advances.

This debit card is also eligible to receive up to 15% in cashback on select purchases, deposited into your checking account every time you earn $5. You can see which retailers have the best cashback offers from the app. Open a Varo Savings Account and link it with your checking account to save easily with round-ups and automatic transfers.

Best Mobile App – Chime

Chime has one of the best banking apps out there, making it our pick for the top checking account for people who want a positive mobile experience. The Chime Spending Account stands out for having first-rate customer service and a mobile app that sets the bar high. It has a sleek and simple design that makes it easy to see your activity and manage your account. 

There are almost no fees associated with this checking account, other than an out-of-network cash withdrawal fee. You can use your Chime debit card at more than 60,000 ATMs for free.

Users may be eligible to receive between $20 and $200 in overdraft protection if they have direct deposits totaling $200 or more every month. This account also offers advances of up to two days on direct deposits and a round-ups savings feature that will automatically round up your transactions to the nearest dollar and transfer the extra to your Chime Savings Account (if you have one).

Best for Cashback – Discover Cashback Debit

Discover is known for its cashback credit cards, but it also extends its cashback offers to checking account customers. The Discover Cashback Debit card is the card for you if you want to earn money every time you spend money but don’t want a credit card. Users can earn 1% cashback on up to $3,000 in transactions every month, or a total of $30 a month and $360 a year. ATM transactions, loan payments, and peer-to-peer transfers are not eligible to earn cashback.

There are no monthly maintenance fees, low balance fees, or transfers fees for this account. You can use your debit card to withdraw money at over 60,000 in-network ATMs and make instant online transfers through Zelle. 

This account is a good option if you want to earn a little extra money through spending rather than through maintaining a balance.

Final Thoughts

There’s a perfect free checking account out there for everyone, no matter how much money you have or how you plan to use your account. Find a checking account that will help you achieve your money goals and save you money. When opening a checking account, spend some time shopping around and comparing your options. Use this article to help you get started.