With more than 1,200 branches and over 26,000 employees, TD Bank is a sizable and well-known financial company in the United States. A decent bank, nevertheless, is TD Bank? The answer to this question is based on a variety of elements, such as the bank’s services, costs, and client satisfaction levels.
The vast branch network of TD Bank is one of its greatest benefits. Customers who like to conduct their banking in person might choose TD Bank because it has locations in 15 states and Washington, D.C. A large variety of additional goods and services are also provided by TD Bank, such as checking and savings accounts, credit cards, mortgages, and personal loans. Consumers that seek simplicity and a wide selection of financial goods may consider TD Bank overall.
The fees charged by TD Bank should be taken into account as well. TD Bank levies fees for a number of services, including overdrafts and ATM use, like many other banks. However, TD Bank typically charges less than some of its rivals. For instance, the bank’s overdraft cost is $35, which is less than the industry standard of $36. Additionally, up to a specific amount, TD Bank waives ATM costs for clients who use non-TD Bank ATMs.
Another crucial factor in assessing TD Bank is customer satisfaction. With an overall score of 848 out of 1,000, TD Bank placed third among mid-sized banks in J.D. Power’s 2020 U.S. Retail Banking Satisfaction Study. According to six different criteria—account activities, account information, fees, problem resolution, products and services, and digital banking—the survey rated consumer satisfaction. Overall, TD Bank was given high grades for its goods and services, but it received lower marks for its fees and dispute resolution procedures.
However, Chase is not a neighborhood bank. With more than 4,700 branches and 16,000 ATMs spread out over the nation, it is one of the biggest banks in the country. Chase provides a comprehensive range of financial goods and services, such as personal loans, credit cards, mortgages, and checking and savings accounts. Chase is a well-liked option for customers who desire a broad branch network and comprehensive financial solutions even if it is not a local bank and has a significant presence in many communities.
In the US, JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup are referred to as the “Big 4” banks. These four banks, which rank among the biggest in the world, control a large amount of the banking industry in the United States. They have drawn criticism for their size and power, but they also assist consumers in a variety of ways. Here are three benefits of working with a large bank:
2. Broad range of financial services and products are often provided by big banks, including personal loans, mortgages, credit cards, checking and savings accounts, and mortgages. By managing all of your financial requirements in one location, this can be simple.
Overall, choosing the top bank in America is a question of taste and can be influenced by a variety of elements, such as costs, product offers, and customer happiness. However, JPMorgan Chase is the top bank in the United States, followed by Bank of America and Wells Fargo, according to Forbes’ ranking of the World’s Best Banks for 2021.