You can open a TD savings account online in about 15 minutes using their website or mobile app, but you'll need a Social Security number, proof of identity, and an initial deposit method ready before you start.

TD Bank offers two main paths to open online: through their website at tdbank.com or through the TD Bank mobile app. Both routes walk you through the same steps and take roughly the same amount of time. You don't need to visit a branch, but you do need to be a U.S. resident, at least 18 years old, and have a valid form of ID on hand.

The account opens immediately once you complete the application and verify your identity. You can start using it the same day, though any deposits you make online may take one to two business days to appear in your account depending on the transfer method you choose.

Key Takeaways

  • TD's online application takes 15 minutes and requires your Social Security number, a government-issued ID, and contact information.
  • You can fund the account right away using a linked bank account, debit card, or wire transfer, though transfers from other banks take one to two business days to clear.
  • The account is active immediately after you finish the application, even if your first deposit hasn't arrived yet.
  • TD offers several savings account types online, including regular savings, money market accounts, and certificates of deposit (CDs), each with different interest rates and minimum balances.

What you need before you start

Gather these items before opening your browser: a valid government-issued ID (driver's license, passport, or state ID card), your Social Security number, your current address, and a phone number where TD can reach you. You'll also need to decide how you want to fund the account — either from another bank account, a debit card, or a wire transfer.

If you're funding from another bank account, have that account number and routing number ready. If you're using a debit card, have the card itself available. TD will verify your identity during the application using information from your ID and Social Security number, so make sure the details match exactly.

Step-by-step: opening through the website

Go to tdbank.com and look for the "Open an Account" button, usually located in the top navigation or under a "Checking & Savings" section. Click it and select "Savings Account" from the account type options. TD will show you the different savings products they offer — regular savings, money market, and CDs — so choose the one that fits your needs.

Enter your personal information: full name, date of birth, Social Security number, current address, phone number, and email address. TD will ask whether you're opening the account for yourself or as a joint account with someone else. If it's joint, you'll need the other person's information too, though they'll need to verify their identity separately.

Next, TD verifies your identity by asking security questions based on your credit history. Answer these questions accurately — they pull from public records and credit bureaus. Once you pass verification, you'll set up your login credentials and choose a username and password.

Finally, choose your funding method. If you're transferring from another bank, enter that account's routing number and account number. If you're using a debit card, enter the card details. You can also skip funding for now and add money later, though most people fund it immediately to activate the account fully.

Opening through the TD Bank mobile app

Download the TD Bank app from the Apple App Store or Google Play Store. Open it and look for "Open an Account" or a similar button on the home screen. The process is nearly identical to the website version — you'll select your account type, enter your personal information, answer security questions, and choose a funding method.

The mobile app sometimes moves faster because it can use your phone's camera to scan your ID, which speeds up the verification step. After you finish, you'll receive a confirmation email with your account number and routing number. Save this email or screenshot it for your records.

How long deposits take to show up

If you fund your account with a debit card, the money usually appears within one business day. If you transfer from another bank account at a different institution, it typically takes one to two business days for the funds to clear, depending on both banks' processing times. Wire transfers are faster — usually same-day or next-day — but may have a fee.

Your savings account is open and usable immediately, even if your deposit hasn't arrived yet. You can set up automatic transfers, link it to bill pay, or add it to your online banking dashboard right away. The delay is only for the money itself to move between banks, not for the account to become active.

Different TD savings account types available online

TD offers several savings products through their online application. A regular TD Savings Account has no minimum balance requirement and earns interest, though the rate is typically lower than other options. A TD Money Market Account requires a higher minimum balance (usually $2,500 or more) but pays a higher interest rate and gives you limited check-writing ability.

Certificates of Deposit (CDs) let you lock in a fixed interest rate for a set period — typically 3 months, 6 months, 1 year, or longer. The longer you commit your money, the higher the rate. If you withdraw before the term ends, you'll pay an early withdrawal penalty, so CDs work best for money you won't need for a while.

Interest rates vary based on current market conditions and the account type, so check TD's website for current rates before you open. Rates change frequently, and what you see today may be different next week.

What happens if something goes wrong during signup

If your identity verification fails, TD will tell you why — usually because the information you entered doesn't match what's on file with credit bureaus or the Social Security Administration. Double-check that your name, address, and Social Security number are spelled exactly as they appear on your government ID. If there's a mismatch, you may need to visit a branch in person to open the account instead.

If your funding method is declined, try a different payment method. Some debit cards have fraud protections that block online transfers, so calling your card issuer to approve the transaction may help. You can also fund the account later by transferring money from an existing TD account or by visiting a branch.

If you get stuck during the application, TD's customer service team is available by phone at 1-800-937-8372 or through their website chat. They can walk you through the process or help troubleshoot any errors.

Frequently Asked Questions

Can I open a TD savings account if I don't have a Social Security number?

No, TD requires a Social Security number for all account holders. If you're a non-citizen without an SSN, you may be able to use an Individual Taxpayer Identification Number (ITIN) instead, but you'll need to call TD directly to explore this option, as the online application won't accept it.

Do I need to have an existing TD checking account to open a savings account?

No, you can open a TD savings account without any other TD accounts. However, if you already have a TD checking account, linking them makes transfers between accounts instant and free.

What's the minimum deposit to open a TD savings account online?

TD's regular savings account has no minimum opening deposit, so you can open it with $0 and add money later. Money market accounts and CDs do have minimums, typically $2,500 or higher, depending on the product.

Can I open a joint TD savings account online?

Yes, you can start the application online, but both account holders need to verify their identity separately. The second person will receive an email with a link to complete their part of the verification before the account is fully activated.

How do I know my account number after I open it online?

TD sends your account number by email immediately after you finish the application. You can also log into your online banking account and find it there, or call customer service at 1-800-937-8372 to have it read to you.