Saw a couple of mentions about PayPal and maybe it's too early, but can anyone confirm whether or not this will finally work for PayPal withdrawls?
U.S. based TD Bank account now available for Canadians
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- Feb 29th, 2024 12:41 pm
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- SCORE+18
- Kaitlyn
- Deal Guru
- May 6, 2005
- 11907 posts
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- GVR
- notbill
- Member
- Oct 20, 2010
- 416 posts
- 77 upvotes
I can't confirm since I don't use Paypal, sorry. But I can't see why this wouldn't work to transfer from Paypal (US) to an account with TD Bank (USA). It is a real US-based account with physical branches in the US. I confirmed with an agent on the phone just now that they can accept ACH transfers from other US institutions no problem. I would assume this is what Paypay uses to transfer money to bank accounts, similar to our our EFT (e.g. bill payment) system up here in Canada.
- hymack
- Sr. Member
- Jun 18, 2006
- 592 posts
- 33 upvotes
I'm interested in knowing the answer to this question as well. Is there anyone with an account who can provide some insight? There are some services offered in the US that require a US credit card and US mailing address.
- EEE2
- Deal Addict
- Jan 31, 2007
- 4807 posts
- 1801 upvotes
Can you get a us addres with this? Or use is Paypal?
- boyoflondon
- Deal Fanatic
- Nov 23, 2005
- 9005 posts
- 5728 upvotes
Not quite ... TDA allowed foreigners (non american citizens) to hold accounts except for Canadians and British along with a few other countries that are "restricted/sanctioned".
- brunes
- Deal Expert
- Dec 11, 2005
- 20134 posts
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What you want to do is after opening the account, get them to change the address on the account to your US Mailbox. Then you can verify the account with US Paypal and also make withdrawls.
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
- CorSter
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- Mar 30, 2004
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- JamesA1
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- deal_with_singh
- Deal Expert
- Feb 11, 2009
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This is BS...I called in and they said they couldn't verify my ID Over the phone and I must go into a TD Branch in the states...WTF!
Realtor (Investment Properties) - CPA, CA
- psyko514
- Deal Fanatic
- May 9, 2009
- 7133 posts
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- Montreal
Would I be able to deposit USD cheques to this account via a Canadian ATM?
- notbill
- Member
- Oct 20, 2010
- 416 posts
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- da_hool
- Deal Addict
- Apr 22, 2004
- 1550 posts
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Is this for everyone or is there something unique to your situation?deal_with_singh wrote: ↑This is BS...I called in and they said they couldn't verify my ID Over the phone and I must go into a TD Branch in the states...WTF!
- fredder
- Member
- Jan 13, 2002
- 499 posts
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- Toronto
Unique to his situation. I did the whole thing on the phone.
- jerryhung
- Deal Expert
- Sep 19, 2004
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You better check your Canadian credit report then, they kinda need thatdeal_with_singh wrote: ↑This is BS...I called in and they said they couldn't verify my ID Over the phone and I must go into a TD Branch in the states...WTF!
or did you not give them your SIN # over the phone? which can make lookup harder
Which Credit Cards to sign up? >> Jerry's Mega Thread of Credit Cards Q&A
- lmcjipo
- Deal Addict
- Sep 14, 2012
- 3440 posts
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- Montreal, QC
I've had this account for a few years now and I signed up for it via my TD Canada Trust branch. It used to be called TD Banknorth and then later changed to TD Bank. They also used to offer interest on their chequing account (I kept over $1000 there but now they don't so I keep the minimum of $100 there).iliveinmycantina wrote: ↑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.
Only negative thing about this account is that they give you a hassle if you don't do at least 1 transaction every few months. If you wait 6 months without doing a transaction, they will tell you that your account is in some sort of "frozen" state where you have to go to an actual TD Bank (US) branch and make a transaction as opposed to doing a transfer on the phone. If you wait 1 year without making a single transaction, they informed me that they will send your money to the US government and you will have to fill in the paperwork to get your money back (similar to what happens in Canada after a FEW YEARS of inactivity where you will in paper work to get your money back from the Bank of Canada after your financial institution sends it there due to account inactivity.
- komal
- Deal Addict
- Jul 29, 2004
- 2909 posts
- 396 upvotes
Can you just transfer money between TDCT and TDB to beat this requirement?lmcjipo wrote: ↑I've had this account for a few years now and I signed up for it via my TD Canada Trust branch. It used to be called TD Banknorth and then later changed to TD Bank. They also used to offer interest on their chequing account (I kept over $1000 there but now they don't so I keep the minimum of $100 there).
Only negative thing about this account is that they give you a hassle if you don't do at least 1 transaction every few months. If you wait 6 months without doing a transaction, they will tell you that your account is in some sort of "frozen" state where you have to go to an actual TD Bank (US) branch and make a transaction as opposed to doing a transfer on the phone. If you wait 1 year without making a single transaction, they informed me that they will send your money to the US government and you will have to fill in the paperwork to get your money back (similar to what happens in Canada after a FEW YEARS of inactivity where you will in paper work to get your money back from the Bank of Canada after your financial institution sends it there due to account inactivity.
- notbill
- Member
- Oct 20, 2010
- 416 posts
- 77 upvotes
Curious if anyone on the west coast has bothered opening up one of these accounts. I'm debating about it.
The benefit would be the free transfers from TDCT accounts but the lack of any ATMs on the west coast isn't great. Being able to access a USD account from ATMs would be nice, but I'd incur a fee (from TD and other bank) each time. Although using the Visa debit card and asking for cash back could be an option.
The benefit would be the free transfers from TDCT accounts but the lack of any ATMs on the west coast isn't great. Being able to access a USD account from ATMs would be nice, but I'd incur a fee (from TD and other bank) each time. Although using the Visa debit card and asking for cash back could be an option.
- deal_with_singh
- Deal Expert
- Feb 11, 2009
- 20055 posts
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- Toronto
I did give them my SIN number, but she said Transunion wouldn't give them anything...I'm not sure about TU, but I just pulled a report from Equifax a month back and everything was in order...
Realtor (Investment Properties) - CPA, CA
- ovovov
- Deal Addict
- Apr 8, 2007
- 1021 posts
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Well said!actng wrote: ↑hey chris i really don't like it when you guys post nothing but "please call us" and "here is url". we already know to call you with info and we already know you have a website. you would add more value by actually answering the questions you see here.
that is the point of having a discussion forum, is to discuss.
Every time I asked a question on twitter for community savings(a damn little credit union in BC), a dummy twittered me back saying pls call me at 1 800 xxxx. I am like, fuk you guys, I'm busy. If you are not qualified to answer my questions, simply do not answer it, or have someone to reply back with an answer not passing the ***** * ball back to me and ask me to call you. I hate that so much.
- brunes
- Deal Expert
- Dec 11, 2005
- 20134 posts
- 2962 upvotes
Yes. Also, I would say if you are not going to use this account at least a couple of times a year then there is no point in getting it (why are you?)
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