TD Bank is offering a $500 welcome bonus for opening a business checking account and using direct deposit within the first 2 months. What's more, you can maximize this promo by also opening a new personal checking and/or savings account — stacking an extra $200 on top of this offer for a total of $500.
While this isn't available nationwide, it is open to a healthy list of states.
If you're eligible, we definitely recommend claiming this easy bonus.
Offer is available in these states: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT
How To Earn The Bonus
The TD Bank Business Checking promotion requires you to deposit and maintain a minimum balance, and optionally, make purchases using the account's card and set up bill pay in order to earn the $500 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Eligible transactions include ACH debits/credits, bill pay, Merchant Solutions settlement transactions, incoming/outgoing wires, checks paid, Small Business Zelle transactions, Visa Business Debit card transactions, digital express remote deposits, and settlement transactions for TD Online Accounting or Tap-to-Pay on iPhone payments received.
Open a Business Checking account before the bonus expires on July 31, 2025
How does this business checking offer from TD Bank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
Chase
Chase Business Complete Checking®
- Bonus
- up to $500
- Account Type
- Business Checking
- Expires In
- 70 days
- Requires
- Min Balance
- Card Spend (optional)
U.S. Bank
Business Checking
- Bonus
- up to $900
- Account Type
- Business Checking
- Expires In
- 53 days
- Requires
- Min Balance
- Bill Pay (optional)
- Card Spend (optional)
Axos
Business Interest Checking
- Bonus
- up to $400
- Account Type
- Business Checking
- Expires In
- 145 days
- Requires
- Min Balance
- Bill Pay
- Card Spend
Why TD Bank?
TD is the 8th largest bank in the U.S., with more than 1,100 physical locations – primarily in the Eastern states. TD Bank offers straightforward accounts, user-friendly online and mobile banking, and generous customer service hours (including extended branch hours). Their retail investing products under the TD Ameritrade brand are now part of Charles Schwab; however, they still offer wealth management, financial advising and an automated investing product.
On the downside, however, TD Bank's checking interest rates are low (though they have pretty competitive signature savings and CD rates). To remain competitive, they've recently changed/decreased many of their fees (some are easily waivable, like their monthly maintenance fees, while others offer a couple of reimbursements each year, like their $35 overdraft charge).
If you're located in one of the targeted states (mostly along the East Coast), we definitely recommend their welcome bonuses. The requirements are relatively easy for the cash given, and they regularly offer both checking and savings account promos that you can stack.
Learn more in our TD Bank review
TD Business Simple Checking
200 in-branch transactions per month free ($0.75 for each item thereafter) and up to $5,000 in cash deposits free ($0.30 per $100 thereafter). Get access to invoicing perks and accept credit card payments for a 3.49% transaction fee and ACH payments for 1.99% transaction fee.Fees
TD Business Simple Checking charges a monthly maintenance fee of $10.
Apply now for a Business Checking account to earn the $500 bonus offer
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