I have a TD account in the US other than TD canada what is the best way to transfer money to it.

You can always use a money transfer service (I personally use Transferwise, but there are many others discussed here and other methods). You simply need your TD (US) ACH details (routing, account #) and you can add it as a payee in Transferwise. Then add funds from pretty much any Canadian bank account and many credit unions to convert into USD and deposit into your TD account.

As above or cheque, money order, etc.

Do they allow cheque deposit by app?

georvu wrote: ↑ As above or cheque, money order, etc.

Do they allow cheque deposit by app?

I would suspect so, but it may require the check to be issued with US routing credentials. In that case, bank draft in USD should work.

titaniumtux wrote: ↑ I would suspect so, but it may require the check to be issued with US routing credentials. In that case, bank draft in USD should work.

I've deposited USD cheques from CDN bank into USD account at USA bank without issues... but this was in person.

Agree, that money order or bank draft would work.

Open a Scotiabank US Dollar Account, and have at all times minimum $200 US which will make it free. This will allow you to get commission-free drafts. Buy US Dollar via exchange services that are much cheaper such as Knightsbridge or VBCE and have the funds deposited into your Scotia US$ account. Then issue the US $ draft to yourself and deposit it using your TD Bank (US) App. Doing this takes a few steps but should result in fairly cheap way to transfer funds without occurring fees.

Tip: whenever getting a US Dollar cheque or draft issued from a Canadian institution, make sure it has US clearing on it. There should be a 9 digit IBAN number which identifies the bank that clears the cheque/draft. Most Canadian banks have a major US bank that will clear the funds for you. Ordering cheques on a US dollar account does not guarantee that these cheques will clear in the US without it going through collections (which usually means you can't use an app to deposit them). I used to have a US dollar account at my credit union that used to offer chequing with clearing in the US (they cleared via Bank of America). Unfortunately they discontinued the clearing service.

xgbsSS wrote: ↑ Open a Scotiabank US Dollar Account, and have at all times minimum $200 US which will make it free. This will allow you to get commission-free drafts. Buy US Dollar via exchange services that are much cheaper such as Knightsbridge or VBCE and have the funds deposited into your Scotia US$ account. Then issue the US $ draft to yourself and deposit it using your TD Bank (US) App. Doing this takes a few steps but should result in fairly cheap way to transfer funds without occurring fees.

That's a good suggestion, except maybe for the part about it being Scotiabank - the OP said he was pissed off at his bank, so going to Scotiabank is really jumping from the frying pan into the fire.

As others have mentioned, depositing a US$ cheque from a Canadian bank into a U.S. bank can result in long delays and high fees if the cheque is not properly coded for the U.S. banking system through a correspondent bank. I've seen one case where someone was charged a $300 fee to deposit an $800 cheque from a BMO US$ account at the U.S. federal employees credit union. It went through 3 intermediaries, all charging outrageous fees.

My company has accounts set up with a couple of foreign exchange firms to receive payments in other currencies, and they are linked to our U.S.-based bank account. As a courtesy they will do same-currency transfers back and forth for free between our US$ accounts in Canada and the U.S., but that's probably only because we do a lot of exchange business with them.

Scote64 wrote: ↑ That's a good suggestion, except maybe for the part about it being Scotiabank - the OP said he was pissed off at his bank, so going to Scotiabank is really jumping from the frying pan into the fire.

As others have mentioned, depositing a US$ cheque from a Canadian bank into a U.S. bank can result in long delays and high fees if the cheque is not properly coded for the U.S. banking system through a correspondent bank. I've seen one case where someone was charged a $300 fee to deposit an $800 cheque from a BMO US$ account at the U.S. federal employees credit union. It went through 3 intermediaries, all charging outrageous fees.

My company has accounts set up with a couple of foreign exchange firms to receive payments in other currencies, and they are linked to our U.S.-based bank account. As a courtesy they will do same-currency transfers back and forth for free between our US$ accounts in Canada and the U.S., but that's probably only because we do a lot of exchange business with them.

$200 is easy to have a free account. Additionally the Scotiabank method is good because of the free drafts which do clear from a US bank so the delays shouldn't exist except for it to clear on the Canadian side.

HiddenEmailer wrote: ↑ Hello,
I have a TD Canada account as well as a TD Convenience Checking account with TDBANK.com (its the one they give you when you do the cross border banking thing) because i shop in the US a few times a month.

What's the advantage of using that account vs a CC?

Look into TD’s cross border banking.

I would argue if you're not using TD Canada then there is little reason to use TD USA since thats the main benefit of them.

There are better and cheaper/easier FinTech-based options for USA banking nowadays, if you really need them.

What do you use your US account for is the question.