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Can I setup US based ACH fund transfer with TD USD account?

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  • Nov 15th, 2013 4:30 pm
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[OP]
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Jul 8, 2005
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Can I setup US based ACH fund transfer with TD USD account?

I want to transfer funds to USA brokers from TD Canada

trust USD checking account. International wire transfer

is too expensive, can I set up a ACH transfer? Is there

any fee to be charged?

I also noticed that TD Canada trust & Bank of America's

ABA routing number are same.

Thanks.
bonne chance
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Jun 19, 2006
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Don't know which US-based broker you're using, but Interactive Brokers handles transfers to/from my TD US dollar chequing account with EFT no problem.

I can also link my IB account into US bank accounts using ACH.
[OP]
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pitz wrote:
Feb 29th, 2008 8:37 pm
Don't know which US-based broker you're using, but Interactive Brokers handles transfers to/from my TD US dollar chequing account with EFT no problem.

I can also link my IB account into US bank accounts using ACH.
Thanks a lot. Are you using US IB or Canadian IB?

Is there any fee using ACH with Canadian based USD checking

account? Will it be considered as wire transfer?

TD Canada trust & Bank of America are using the same ABA routing

number: 026009593

Thanks again.
bonne chance
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Oct 31, 2006
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I'm pretty sure that Canadian banks only send EFT's, not ACH. So if your broker accepts EFT fine, but I imagine IB is the only one that does.
[OP]
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pitz wrote:
Feb 29th, 2008 8:37 pm
Don't know which US-based broker you're using, but Interactive Brokers handles transfers to/from my TD US dollar chequing account with EFT no problem.

I can also link my IB account into US bank accounts using ACH.
How can I setup EFT in US based IB?

ABA routing number is branch number plus institution number?


Thanks a lot
bonne chance
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Jul 12, 2006
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Can someone who has done this successfully chime in here? Trying to set up EFT between two accounts and the dolts at TD of course have no clue. I have the ABA routing number, but what precedes the account number? I tried the ABA+account# and the ABA+(funky 4 digits code provided by teller)+account#. Neither worked.
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Ferris Bueller wrote:
Aug 14th, 2009 5:28 pm
Can someone who has done this successfully chime in here? Trying to set up EFT between two accounts and the dolts at TD of course have no clue. I have the ABA routing number, but what precedes the account number? I tried the ABA+account# and the ABA+(funky 4 digits code provided by teller)+account#. Neither worked.

I can tell you what I tried (about 20 mins ago) ...

I have a USD Borderless account at TD Canada Trust ... trying to pay a US Dollar, US Addressed credit card (god I hate Chase - getting rid of this f-ing card as soon as I get this resolved).

for my ABA / US Routing number I used 026009593 (I called the TD Canada Trust easyline and they gave me this number ... so help me god if it fails / doesn't work). Even though a quick google reveals it's the Bank of America ABA routing number - but I understand they settle TD's accounts in the US.

I then used the 4+7 account number at the bottom of my USD Cheques from TD Canada Trust. The weird thing is the person on the phone (easy line) couldn't tell me what my full account number was. Furthermore, online, it only shows 7 digits - the 2nd level CSR on the phone told me I had to use all 11 digits.

anyways ... I put it in, the payment hasn't gone through - don't expect it to for a few days ... but we'll see how it goes ... I'll probably end up with another $15 service charge ... but we'll see. Fingers crossed.
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njchan wrote:
Sep 25th, 2009 4:47 pm
I can tell you what I tried (about 20 mins ago) ...

I have a USD Borderless account at TD Canada Trust ... trying to pay a US Dollar, US Addressed credit card (god I hate Chase - getting rid of this f-ing card as soon as I get this resolved).

for my ABA / US Routing number I used 026009593 (I called the TD Canada Trust easyline and they gave me this number ... so help me god if it fails / doesn't work). Even though a quick google reveals it's the Bank of America ABA routing number - but I understand they settle TD's accounts in the US.

I then used the 4+7 account number at the bottom of my USD Cheques from TD Canada Trust. The weird thing is the person on the phone (easy line) couldn't tell me what my full account number was. Furthermore, online, it only shows 7 digits - the 2nd level CSR on the phone told me I had to use all 11 digits.

anyways ... I put it in, the payment hasn't gone through - don't expect it to for a few days ... but we'll see how it goes ... I'll probably end up with another $15 service charge ... but we'll see. Fingers crossed.
FYI I tried this using Paypal and it failed.... Paypal is a good way to test this as they dont charge if it fails :)

I noticed on my cheques though now it doesn't have just a 4 digit transit, but 5 digits... maybe I will try with 5 digits + account
To be nobody but yourself - in a world which is doing its best, night and day, to make you everybody else - means to fight the hardest battle which any human being can fight; and never stop fighting. -- E. E. Cummings
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Does anyone know the proper settings? I try to put in 004 for Bank and the 5-digit Transit, and I've tried both the 11-digit and 7-digit bank account number, but nothing seems to work.

Can anyone that's had success post just a format of what they used?
I noticed that IB adds on an extra 0 at the front of the Bank + Transit Number.
ie) if Bank was 004 and Transit was 12345, then what you submit should be 00412345, but IB submits 000412345. It's probably intentional but it's just different.

Is there anything that has to be done at TD to enable this?
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njchan wrote:
Sep 25th, 2009 4:47 pm
Furthermore, online, it only shows 7 digits - the 2nd level CSR on the phone told me I had to use all 11 digits.

anyways ... I put it in, the payment hasn't gone through - don't expect it to for a few days ... but we'll see how it goes ... I'll probably end up with another $15 service charge ... but we'll see. Fingers crossed.

Easyweb shows the full 11 digits now. Why were you charged a $15 fee? Also, did you find the right settings?
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This doesn't work. I tried it every way from Sunday with paypal. If anyone CAN get it to work please post full details on how.
To be nobody but yourself - in a world which is doing its best, night and day, to make you everybody else - means to fight the hardest battle which any human being can fight; and never stop fighting. -- E. E. Cummings
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May 15, 2009
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Alberta
Get an actual us bank account from td bank north, or whatever they've changed their name to this month. You can then withdraw from paypal to this account, then xfer across the border to your usd account at td canada trust. Withdraw the the bank north account takes a day or two, and xfer across the border is same day.

I've heard you need to open the bank north in person now though. I've had mine for almost 10 years, and have seen the name change a few times, it was td bank usa, then before that through td waterhouse.
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well ... my attempt is posted in message number 8 above ...

and the results were a no go ... although the transaction went through to start, Bank of America reversed the transfer within 5 days ... then slapped a $30 charge on TD, which they then forwarded to me - but not before adding their $45 NSF charge.

so $30USD + $45NSF = one pissed off TD customer ... after complaining for about 45 mins and providing the reference number for my original call where the CSR gave me the numbers to begin with, TD ate the fees - although they make it sound like they were doing me a favor - whatever happened to customer service?

bottom line, I had to get help to pay this credit card bill off - now that I'm back to a 0 balance, I'm cancelling this puppy ... what a piece of crap.
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njchan wrote:
Oct 16th, 2009 8:43 pm
well ... my attempt is posted in message number 8 above ...

and the results were a no go ... although the transaction went through to start, Bank of America reversed the transfer within 5 days ... then slapped a $30 charge on TD, which they then forwarded to me - but not before adding their $45 NSF charge.

so $30USD + $45NSF = one pissed off TD customer ... after complaining for about 45 mins and providing the reference number for my original call where the CSR gave me the numbers to begin with, TD ate the fees - although they make it sound like they were doing me a favor - whatever happened to customer service?

bottom line, I had to get help to pay this credit card bill off - now that I'm back to a 0 balance, I'm cancelling this puppy ... what a piece of crap.
So the payment initially went through then came back?

Overall not surprising as those routing numbers are not to be used with Canadian accounts anyway. But fail on TD's part for leading you on, I guess in the big picture they should at least picked up the tab for the fees (without pulling their teeth) since they gave you incorrect info.

I assume your card is now unpaid? Chase isn't exactly the best company to deal with either.
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