Personal Finance

U.S. based TD Bank account now available for Canadians

  • Last Updated:
  • Sep 13th, 2018 12:55 pm
Tags:
None
[OP]
Member
Aug 8, 2008
241 posts
35 upvotes

U.S. based TD Bank account now available for Canadians

Great service and convenience on both sides of the Canada-U.S. border
If you’re a Canadian looking for an easy way to do your U.S. banking, then TD Cross-Border Banking can help. TD Cross-Border Banking offers Canadians helpful advice and great banking services, at over 1,300 convenient U.S. locations from Maine to Florida. Or, you can call the TD Cross-Border Banking Support Line at 1-877-700-2913, 24 hours a day, 7 days a week, from anywhere in Canada or the U.S.1 So whether you are heading to the U.S. to live, vacation, shop, travel or study, TD can help you manage your cross-border banking needs.

What are the benefits of TD Cross-Border Banking?
Over 1,300 U.S. locations
With TD Cross-Border Banking you can enjoy the convenience of over 1,300 locations from Maine to Florida with TD Bank, America’s Most Convenient Bank®. Find a location near you
Open a U.S. based TD Bank account
With a U.S. based TD Bank account you’ll have convenient access to your account with free Online Banking and Bill Pay2, and access to thousands of TD ATMs in Canada and the U.S.3
Apply for U.S. credit
You can apply for a U.S. mortgage4 or credit card5 products through TD Bank based on your Canadian and U.S. assets, income and credit history.
Easily transfer up to $25,000 a day across the border for free
Transferring money between your Canadian based TD Canada Trust and U.S. based TD Bank accounts is as easy as placing a phone call to our TD Cross-Border Banking Support Line, available 24 hours a day, 7 days a week from Canada or the U.S.
View your accounts online
Enjoy the convenience of viewing both your Canadian based TD Canada Trust and U.S. based TD Bank accounts online on the same page.
24/7 support and advice
From general advice to specific account questions, the TD Cross-Border Banking Support Line is here to help you 24 hours a day, 7 days a week from Canada or the U.S.
Thread Summary
975 replies
Deal Expert
User avatar
Feb 11, 2009
16215 posts
2220 upvotes
Toronto
Any info on fees or if this can be used to get usd out of PayPal?
Member
Mar 27, 2009
264 posts
48 upvotes
One: this has been available for a long time and there are multiple threads on RFD that talk about this.

Two: this thread is obviously an advertisement and should be locked.
[OP]
Member
Aug 8, 2008
241 posts
35 upvotes
PaterFamilias wrote:
Nov 15th, 2012 11:10 am
One: this has been available for a long time and there are multiple threads on RFD that talk about this.

Two: this thread is obviously an advertisement and should be locked.
I just noticed it on their website as of today. It's an actual U.S. based account (similar to the RBC one) which you can open in Canada.
Jr. Member
Jul 3, 2011
128 posts
48 upvotes
Toronto
iliveinmycantina wrote:
Nov 15th, 2012 11:11 am
I just noticed it on their website as of today. It's an actual U.S. based account (similar to the RBC one) which you can open in Canada.
I heard them talking about this on the radio this morning. It was introduced as a news item as if it was something new. Not sure what exactly is new.
Deal Addict
User avatar
Mar 30, 2004
3282 posts
537 upvotes
Looks like they've officially launched this, although they've offered all the services here for some time now if you knew to ask for them.

The only new thing to me here is that you can now open US accounts by phone, and the single sign on that they seem to now be offering. Both of which are rather significant, IMO.

Then again, I won't benefit much from this as i'm closing my TDCT account soon (but keeping my TD US account). Might try to apply for a US Credit Card though.
Sr. Member
User avatar
Mar 14, 2007
730 posts
56 upvotes
I wish they had some branch locations in the Buffalo / upstate NY area.
Deal Expert
User avatar
Sep 19, 2004
21614 posts
3794 upvotes
Waterloo
Thanks, on the call with TD now (US agent)

phone calls takes ~20 minutes
They need ID (passport, DL) and like SIN (optional) <- too bad they can't just take my EasyWeb account
and they'll go through a few credit report multiple choice questions

They'll send a welcome kit (7~10 days), you sign and send it back
they open account
you can then do telephone banking, and later linked under EasyWeb to move money etc..
Which Credit Cards to sign up? >> Jerry's List of Credit Cards with $200+ Welcome bonus/Aeroplan & AMEX Churning FAQ
AMEX Personal 60K || Business Platinum 75K || Biz Gold 40K || SPG 20K
Deal Fanatic
User avatar
May 9, 2009
5420 posts
1187 upvotes
Montreal
I go shopping in the US every 6-8 weeks. As well, I regularly receive cheques in USD. How will this account be beneficial to me?
Newbie
Dec 31, 2011
2 posts
CALGARY
I already have a TD Borderless US account. Does this account offer me any benefits over it? From what I can tell, neither are *true* US accounts like what RBC offers.
Deal Expert
User avatar
Nov 15, 2004
15396 posts
1960 upvotes
Toronto
ajalan wrote:
Nov 15th, 2012 12:40 pm
I already have a TD Borderless US account. Does this account offer me any benefits over it? From what I can tell, neither are *true* US accounts like what RBC offers.
It says something about opening an account at TD Bank, which is their US division. I thought this was different from the Borderless plan, which is Canadian-based but works in US funds. Is there something I'm missing?

It sucks that they only have branches on the east coast.
Could HAVE, not could OF. What does 'could of' even mean?
Deal Addict
User avatar
Sep 22, 2009
2740 posts
208 upvotes
Canadia
Can someone please tell me the total cost for this? In terms of fees on Canadian side and fees on American side. I'm only interested if I can have free banking in both the US and Canada with small minimum balance ($100 is reasonable; $5000 is not reasonable to me). With no requirement to get a mortgage or credit card or loan or other stuff I don't need. Currently I have RBC and RBC USA accounts and since they started charging me $3 per month on the US side I'm looking to switch.
Deal Addict
User avatar
Mar 30, 2004
3282 posts
537 upvotes
ajalan wrote:
Nov 15th, 2012 12:40 pm
I already have a TD Borderless US account. Does this account offer me any benefits over it? From what I can tell, neither are *true* US accounts like what RBC offers.
This is a true US account and credit card offering, held at TD Bank in the US.

Biggest advantage to this over the RBC offering is that you can waive monthly fees with a $100 minimum balance in the US account, biggest downside to this over RBC is that transfers can only be done by phone.
Deal Addict
User avatar
Mar 30, 2004
3282 posts
537 upvotes
nauru wrote:
Nov 15th, 2012 1:18 pm
Can someone please tell me the total cost for this? In terms of fees on Canadian side and fees on American side. I'm only interested if I can have free banking in both the US and Canada with small minimum balance ($100 is reasonable; $5000 is not reasonable to me). With no requirement to get a mortgage or credit card or loan or other stuff I don't need. Currently I have RBC and RBC USA accounts and since they started charging me $3 per month on the US side I'm looking to switch.
Free on the US side with a $100 minimum balance. They may open an account for you without a Canadian TD account (I opened mine in person at a TD Bank branch in New Hampshire without any proof of being a TDCT customer) but if not, the lowest TD Chequing account on the Canadian side has a $1500 minimum monthly balance.

Top