How Do I Open a Trust Account at TD Bank?
Yes. TD Bank opens deposit accounts in the name of a revocable living trust. What TD Bank publishes about opening an account in the name of a revocable living trust, and what the successor trustee brings after a death.
Opening a trust account at TD Bank
Where to open it
Not published by TD Bank
Documents to bring
- Written trust agreement, provided at account opening
- Certified copy of the trust instrument, if TD requests it
- Identification of each person opening: name, legal address, date of birth, SSN or TIN; ID documents on request
What it costs
TD Bank does not state the monthly fee or fee-waiver balance for a trust account.
- Opening deposit
- $0.00 on every TD personal checking and savings product (TD Beyond Checking, TD Complete Checking, TD Essential Banking, TD Simple Savings, TD Signature Savings); $250.00 to open a TD Choice CD or TD No Catch CD
- Schedule that applies
- Not stated; TD publishes no rule placing a revocable trust on its personal or its business fee schedule
- For trust accounts
- A trust set up with a Social Security or Tax Identification Number counts as an owner for the TD Simple Savings recurring-transfer waiver and the TD Signature Savings Rate Bump. TD does not say whether a trustee's age counts for its age-based waivers.
- Other charges
- Paper statements $3.00 a cycle ($1.00 on TD Essential Banking); check images with paper statement $2.00 a cycle. No dormant-account or early-closing fee is published.
| Account | To open | Monthly fee | Waiver or condition |
|---|---|---|---|
| TD Beyond Checking | $0.00 | $25.00 | Maintain $5,000 or more in direct deposits within a statement cycle; or maintain a $2,500 minimum daily balance; or maintain a $25,000 minimum daily combined balance of all deposit accounts, home equity loans/lines and mortgages that you choose to link |
| TD Complete Checking | $0.00 | $15.00 | Receive $500 or more in direct deposits within a statement cycle; or maintain a $500 minimum daily balance; or maintain a $5,000 minimum daily combined balance of all deposit accounts that you choose to link; or the Primary account holder is 17 through 23 years of age |
| TD Essential Banking | $0.00 | $4.95 | Waived when the Primary account holder is age 13 through 17 |
| TD Simple Savings | $0.00 | $5.00 | Maintain a $300 minimum daily balance; or are age 18 or younger, or 62 or older; or complete a monthly recurring transfer of $25 or more from an eligible and linked TD Bank Checking account (first 12 months only); or link to a TD Beyond Checking or TD Complete Checking |
| TD Signature Savings | $0.00 | $15.00 | Maintain a $10,000 minimum daily balance; or link to a TD Beyond Checking or TD Complete Checking account |
What to know at TD Bank
TD treats an account designated as a trust Account without a written trust agreement provided at opening as a Revocable Unwritten Trust, an in-trust-for account. An account opened "as trustee of a written trust" is transacted only by the trustee as the trust instrument designates. The Business Deposit Account Agreement also names a trust among the business-purpose entities that may open an Account.
Not in TD Bank's published guidance
- Whether the account is opened under the grantor's SSN or the trust's EIN
- Whether it has its own certification of trust form
- Whether an existing account can be retitled to the trust
- Whether a branch appointment is needed
- Whether every co-trustee must sign or appear
- Whether you must already bank there
- Whether the account comes with online banking, checks, or a debit card
General information about each bank's published trust-account requirements, not legal or banking advice. Requirements vary by state and account type. Consult the institution for its current requirements. Data verified Sep 24, 2026
TD Bank's published guidance does not state where a trust account is opened.
TD Bank lists: Written trust agreement, provided at account opening; Certified copy of the trust instrument, if TD requests it; Identification of each person opening: name, legal address, date of birth, SSN or TIN; ID documents on request. What proves the trust: the full trust instrument.
TD Bank does not state which taxpayer number a revocable trust account is opened under.
A trust account is a deposit account titled in the name of a trust rather than a person — for a revocable living trust, typically "[Trustee name], Trustee of the [Trust name]". While the grantor is alive and serving as trustee, the account is the grantor's to use; the trust title is what keeps the funds out of probate and lets the successor trustee take over without a court appointment.
A trust account holds assets that were titled to a trust before death, and the successor trustee takes control of it under the trust document. An estate account is opened after death by the court-appointed executor or administrator, under the estate's own EIN, for assets that were not in a trust and pass through probate. A family with a funded revocable trust may need only the trust account; a family with a will, or no will, opens an estate account.
Sources
Data sourced from TD Bank primary sources (13 pages reviewed). How we research.
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