Im going for the Beyond Checking $300 bonus. After you get the bonus paid out would it make you forfeit the bonus if you then downgrade your "Beyond Checking" account to the lower account? The Beyond checking account minimum requirement is $2500 and I don't want that tied up in that account for that long. The lower account minimum is only $500 but I can't find any DPs as to whether they would take your bonus for downgrading your account. Technically they "might" consider the downgrade as closing your account but I'm not sure.
@Beast26 wrote:Im going for the Beyond Checking $300 bonus. After you get the bonus paid out would it make you forfeit the bonus if you then downgrade your "Beyond Checking" account to the lower account? The Beyond checking account minimum requirement is $2500 and I don't want that tied up in that account for that long. The lower account minimum is only $500 but I can't find any DPs as to whether they would take your bonus for downgrading your account. Technically they "might" consider the downgrade as closing your account but I'm not sure.
IMHO it's not worth it to get involved with TD Bank. My dealings with them have all been disappointing. I would just assume the worst, and act accordingly.
Details? I've heard the same statement about wells Fargo and I've never had a problem with them.
I've had a Beyond Checking account with TD for four years now and am a fan of both the account as well as TDBank. If I recall, there are at least two ways to avoid paying a monthly service fee, the first, as you noted, was to keep a $2,500 balance in your account (something I rarely do), the second is to have at direct deposits of $5,000 put into your account per month. If you can meet that requirement, there are a number of "free" benefits which I have taken advantage of on a semi-regular basis:
- Money Orders
- Bank Checks
- Outbound wire transfers
I won't be able to have monthly $5000 deposits as that is too high but I can do the $2500 balance. I was just wondering if downgrading to the other checking account would make you forfeit the bonus. I may have to take a chance and call customer service to find out.
@Beast26 wrote:Details? I've heard the same statement about wells Fargo and I've never had a problem with them.
My negative experience with them includes
-little website functionality
-no customer service online
-useless customer service by phone
-changing terms on a checking account without notification
-low limits on wire transfers
-slow service in branch
-business credit card reports to personal credit
In your specific case the very fact that they haven't made the terms clear to you should be a warning sign. I would assume that yes they will punish you for lowering the amount on deposit. And I would assume that you won't be able to find out ahead of time, because you won't be able to get a reliable indication from any banker or customer service representative what the terms are.
But lots of luck. It sounds like you're intending to go ahead with them, so I hope you'll be happy with them.
Funny thing, @SouthJamaica and I seem to be in agreement regarding most topics on myFICO, except anything TDBank related. 
@Horseshoez wrote:Funny thing, @SouthJamaica and I seem to be in agreement regarding most topics on myFICO, except anything TDBank related.
True
In fact, in my previous post I was thinking of inserting a disclaimer such as "Of course this is just my personal experience with TD Bank, while @Horseshoez has had a completely different experience with them". But then I thought there was no need for the disclaimer, since you would be here to defend TD Bank.
I have the Beyond Checking already and I'm just waiting on the bonus to post before I attempt to downgrade the account. General consensus is about 2 months for the bonus to post. I have already done US Bank for $600 last month. I got the $600 offer because I already have their credit card. I was just looking to see if anyone tried this before.