# TD Bank US (America's Most Convenient Bank)

> Source: https://docs.barcoder.ai/docs/wallets/td-bank-us
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [TD Bank US — official](https://www.td.com/us/en/personal-banking)

## Overview

**TD Bank US** is **the US subsidiary of Toronto-Dominion Bank (Canada's #2 bank by assets)** + **brands itself as "America's Most Convenient Bank"** <sup>[1][1], [2][2], [United States report](https://docs.barcoder.ai/docs/payments/US)</sup>. **2025 baseline**: 1,100+ US branches open extended hours + 7 days a week + some holidays (distinctive US banking branch availability); TD ranks among North America's leading digital banks with 13M+ active mobile users in Canada + US combined; **2025 TD launches "More Human" brand platform** reflecting digital-first people-centered future; **Oct 2024 — TD Bank US pleads guilty to AML failures + agrees to pay $3.09B DOJ + FinCEN + OCC + Federal Reserve civil + criminal penalties** (largest AML penalty in US history; restrictions on US growth + asset cap).

**Distinctive TD Bank US positioning** <sup>[1][1], [2][2], [3][3]</sup>:
- **US subsidiary of Toronto-Dominion Bank** (Canada's #2 bank by assets)
- **Brands itself as "America's Most Convenient Bank"** with 1,100+ US branches open extended hours + 7 days a week + some holidays — distinctive US banking branch availability
- **TD ranks among North America's leading digital banks** with 13M+ active mobile users in Canada + US combined
- **2025 TD launches "More Human" brand platform** reflecting digital-first people-centered future — distinctive 2025 TD brand transformation
- **Oct 2024 — TD Bank US pleads guilty to AML failures + agrees to pay $3.09B DOJ + FinCEN + OCC + Federal Reserve civil + criminal penalties** (largest AML penalty in US history; restrictions on US growth + asset cap) — distinctive US banking regulatory controversy

## History

**1855 — Commerce Bank founded** in Pennsylvania, US (TD Bank US ultimate founding heritage; Commerce Bank later acquired by TD).

**2008 — Toronto-Dominion Bank acquires Commerce Bancorp for $8.5B → forms TD Bank N.A.** as US subsidiary + adopts **"America's Most Convenient Bank"** brand — distinctive US-Canadian banking acquisition.

**2010 — TD Bank US mobile banking app launches**.

**Oct 2024 — TD Bank US pleads guilty to AML failures + agrees to pay $3.09B DOJ + FinCEN + OCC + Federal Reserve civil + criminal penalties** (largest AML penalty in US history; restrictions on US growth + asset cap) — distinctive US banking regulatory controversy.

**2025 — TD launches "More Human" brand platform** reflecting digital-first people-centered future <sup>[3][3]</sup>.

**2025 — TD ranks among North America's leading digital banks with 13M+ active mobile users in Canada + US combined** <sup>[2][2]</sup>.

## Ownership & operator

**Operating entity**: **TD Bank N.A.** (Toronto-Dominion Bank subsidiary).

**Parent**: **Toronto-Dominion Bank (TSX: TD; NYSE: TD)** — Canada's #2 bank by assets.

**Regulators**: **OCC (US Office of the Comptroller of the Currency) + FDIC + state-level (US TD Bank N.A.) + OSFI (Office of the Superintendent of Financial Institutions Canada; parent TD)**.

## Technical integration

TD Bank US mobile banking app (iOS + Android) + td.com US online + TD Bank cards (Visa + Mastercard) + TD Bank 1,100+ US branch network (open extended hours + 7 days a week + some holidays); ACH + Zelle + RTP + Fedwire; TD Bank business banking + TD Ameritrade (formerly; acquired by Charles Schwab Oct 6 2020 for $26B; TD retained 13.5% Schwab stake).

## Users & growth

**2025**: TD ranks among North America's leading digital banks with 13M+ active mobile users in Canada + US combined; 1,100+ US branches open extended hours + 7 days a week + some holidays.

## Use cases

US retail + private + corporate + SME + insurance banking via TD Bank US mobile + td.com US online + cards + branches (open extended hours + 7 days a week + some holidays distinctive US banking branch availability); ACH + Zelle + RTP + Fedwire; TD Bank business banking.

## Implementations & partners

**Operator**: TD Bank N.A. (Toronto-Dominion Bank subsidiary); Toronto-Dominion Bank parent (TSX: TD; NYSE: TD).

**TD Group sister entities**: **TD Canada Trust** (Canadian retail banking) + TD Securities (investment banking) + **TD Auto Finance** + **TD Wealth** + **TD Insurance** + TD AMERITRADE (formerly TD-controlled; acquired by [Charles Schwab (Schwab Mobile + Charles Schwab Bank)](https://docs.barcoder.ai/docs/wallets/charles-schwab) Oct 6 2020 for $26B; TD retained 13.5% Schwab stake).

**Major US 2nd-tier banking competitors**: [Citizens Bank (Citizens Financial Group)](https://docs.barcoder.ai/docs/wallets/citizens-financial) (Citizens Bank; $218B+ assets; 14 states + DC; New England + Mid-Atlantic + Midwest) + [KeyBank / KeyCorp](https://docs.barcoder.ai/docs/wallets/keybank) (KeyCorp; $184B+ assets; 27th largest US bank; Cleveland Ohio HQ) + [Fifth Third Bank](https://docs.barcoder.ai/docs/wallets/fifth-third) (post-Feb 2 2026 Comerica merger completion; $294B combined assets) + [Regions Financial / Regions Mobile App](https://docs.barcoder.ai/docs/wallets/regions-financial) (Southeast + Midwest + Texas; 1,200+ branches; No. 2 JD Power 2026 Mobile App Satisfaction Study) + [M&T Bank](https://docs.barcoder.ai/docs/wallets/mt-bank) (M&T Bank; post-2022 People's United Financial $7.6B acquisition) + [Huntington Bank / Huntington Mobile](https://docs.barcoder.ai/docs/wallets/huntington-bank) + BMO Harris + [HSBC USA](https://docs.barcoder.ai/docs/wallets/hsbc-usa) (HSBC Holdings US subsidiary) + BBVA USA (formerly; acquired by PNC Bank Jun 2021 for $11.6B + integrated as PNC Bank).

**Regulators**: OCC + FDIC + state-level + Canadian OSFI parent.

## Fun facts

- **US subsidiary of Toronto-Dominion Bank** (Canada's #2 bank by assets).
- **Brands itself as "America's Most Convenient Bank"** with 1,100+ US branches open extended hours + 7 days a week + some holidays — distinctive US banking branch availability.
- **TD ranks among North America's leading digital banks** with 13M+ active mobile users in Canada + US combined.
- **2025 TD launches "More Human" brand platform** reflecting digital-first people-centered future.
- **Oct 2024 TD Bank US pleads guilty to AML failures + agrees to pay $3.09B DOJ + FinCEN + OCC + Federal Reserve civil + criminal penalties** (largest AML penalty in US history; restrictions on US growth + asset cap).
- **1855 Commerce Bank founding in Pennsylvania** + **2008 Toronto-Dominion Bank acquires Commerce Bancorp for $8.5B → forms TD Bank N.A.** as US subsidiary + adopts "America's Most Convenient Bank" brand.
- **TD AMERITRADE (formerly TD-controlled; acquired by Charles Schwab Oct 6 2020 for $26B; TD retained 13.5% Schwab stake)**.

## Comparison

| Feature | TD Bank US (America's Most Convenient Bank) | [Citizens Bank (Citizens Financial Group)](https://docs.barcoder.ai/docs/wallets/citizens-financial) (Citizens Bank rival; $218B+ assets) | [KeyBank / KeyCorp](https://docs.barcoder.ai/docs/wallets/keybank) (KeyCorp rival; $184B+ assets) | [Fifth Third Bank](https://docs.barcoder.ai/docs/wallets/fifth-third) (post-Feb 2 2026 Comerica merger rival; $294B combined assets) | [Regions Financial / Regions Mobile App](https://docs.barcoder.ai/docs/wallets/regions-financial) (Southeast + Midwest + Texas rival; 1,200+ branches) |
|---|---|---|---|---|---|
| Operator | **TD Bank N.A. (Toronto-Dominion Bank subsidiary; TSX: TD; NYSE: TD)** | Citizens Financial Group Inc. (NYSE: CFG; post-2014 RBS divestiture) | KeyCorp (NYSE: KEY) | Fifth Third Bancorp (NASDAQ: FITB) | Regions Financial Corporation (NYSE: RF) |
| Type | **US subsidiary of Toronto-Dominion Bank + 1,100+ US branches + extended hours + 7 days a week + America's Most Convenient Bank brand + 13M+ active mobile users in Canada + US combined + Oct 2024 $3.09B AML penalty** | $218B+ assets + ~3,000 ATMs + ~1,000 branches + 14 states + DC + 2014 NYSE IPO post-RBS divestiture | $184B+ assets + 27th largest US bank + Cleveland Ohio HQ + 2026 $100M digital investment + 2025 system outage | $294B combined assets post-Feb 2 2026 Comerica merger + #1-rated mobile app + Labor Day weekend 2026 Comerica conversion | 1,200+ branches Southeast + Midwest + Texas + No. 2 JD Power 2026 Mobile App Satisfaction Study (up from No. 6 in 2025) + 4.8/5 iOS rating + 21% online banking usage YoY |
| Country | US | US | US | US | US |
| Distinctive | **1855 Commerce Bank founding in Pennsylvania; 2008 Toronto-Dominion Bank acquires Commerce Bancorp for $8.5B → TD Bank N.A. + America's Most Convenient Bank brand; 2025 "More Human" brand platform launch; Oct 2024 $3.09B AML penalty (largest US AML penalty in history; restrictions on US growth + asset cap)** | 1828 Citizens Savings Bank founding; 1988 RBS acquisition; 2014 NYSE IPO post-RBS divestiture | 1825 Commercial Bank of Lake Erie founding; 1849 KeyBank predecessor; 2016 First Niagara Financial Group $4.1B acquisition | 1858 Bank of the Ohio Valley founding (one of Ohio's first nationally chartered banks); 1908 Fifth Third name; Feb 2 2026 Comerica merger completion ($294B combined assets) | 1971 First Alabama Bancshares founding; 2006 AmSouth Bancorporation $10B acquisition; 2012 Morgan Keegan $1.18B sale |

## Status

**Active, US subsidiary of Toronto-Dominion Bank + brands itself as "America's Most Convenient Bank"** <sup>[1][1], [2][2], [3][3]</sup>:
- **TD Bank N.A. (Toronto-Dominion Bank subsidiary; TSX: TD; NYSE: TD)** since 1855 Commerce Bank founding in Pennsylvania + 2008 Toronto-Dominion Bank Commerce Bancorp $8.5B acquisition.
- **1,100+ US branches open extended hours + 7 days a week + some holidays**.
- **TD ranks among North America's leading digital banks with 13M+ active mobile users in Canada + US combined**.
- **Oct 2024 $3.09B AML penalty (largest US AML penalty in history; restrictions on US growth + asset cap)**.
- **OCC + FDIC + state-level + Canadian OSFI parent regulated**.

## Sources

[1]: https://www.td.com/us/en/personal-banking "TD Bank US — official"
[2]: https://stories.td.com/us/en/article/td-launches-new-brand-platform-more-human-reflecting-a-digital-first-people-centered-future "TD Launches New Brand Platform 'More Human,' Reflecting a Digital-First, People-Centered Future — TD Stories"
[3]: https://www.bankrate.com/banking/reviews/td-bank/ "TD Bank Review 2025 — Bankrate"
[us-cro]: https://docs.barcoder.ai/docs/payments/US

- [1] [TD Bank US — official][1]
- [2] [TD Launches New Brand Platform 'More Human' — TD Stories][2]
- [3] [TD Bank Review 2025 — Bankrate][3]
- <sup>[United States report](https://docs.barcoder.ai/docs/payments/US)</sup> In-corpus: `reports/countries/US-united-states.md`

## Source

Biography extracted from [td-bank-us.md](https://docs.barcoder.ai/source/wallets/td-bank-us). See `matrix.md` for standards-support matrix if present.