Using TD US$ DAILY INTEREST CHEQUING ACCOUNT in the US

I don't believe you'll be able to access the USD from your TD Canada Trust USD Chequing Account over in the States using your debit card. The only way you'll be able to access that money, from what I understand, is if you go to a TD Canada Trust branch and ask them to withdraw money from that account beforehand.

Please note that TD has their own separate entity in the US called TD Bank NA (often referred as TD NA). If you want to have a Chequing Account that you can be able to withdraw from using a debit card, I would suggest opening account there as well.

MelHNL wrote: ↑ With the recent improvement in the CAD-USD conversion, I opened a TD Canada Trust US$ DAILY INTEREST CHEQUING ACCOUNT and transferred over some money from my regular CAD chequing account.

You mean just within TD, without using a third-party forex company?

That was sub-optimal. You'll get a better exchange rate if you use a company like Knightsbtidge or XE, or, better yet, do Norbert's gambit.

Using TD's anemic conversion rate isn't a big deal for small amounts. But for larger amounts, it bites you.

MelHNL wrote: ↑ Now I am trying to figure out how I access this money in USD when I travel to the US - I haven't been sent a debit card yet, so I assume that is not it.

Can I "link" this to my regular debit card and just select "savings" when I am using it at a store/restaurant in the US? Or do I have to withdraw it in cash from an ATM in the US?

Open a Convenience Checking Account with TD Bank N.A. Read the thread summary in this thread to learn how to open it, use it, and move money across the border.

MelHNL wrote: ↑ I realize this is probably a silly and naive question but here goes...

With the recent improvement in the CAD-USD conversion, I opened a TD Canada Trust US$ DAILY INTEREST CHEQUING ACCOUNT and transferred over some money from my regular CAD chequing account.

Now I am trying to figure out how I access this money in USD when I travel to the US - I haven't been sent a debit card yet, so I assume that is not it.

Can I "link" this to my regular debit card and just select "savings" when I am using it at a store/restaurant in the US? Or do I have to withdraw it in cash from an ATM in the US?

I don't believe that you will be able to link your TD Canada Trust US Dollar account to your TD Canada Trust bank card.

The easiest way for you to use your US money in the US and use an ATM card would be, now that you have a TD Canada Trust US dollar account is to open up a TD Bank NA convenience checking account using TD Canada Trust's Cross Border services. Once you get this TD Bank NA convenience checking account, you'll also receive an ATM card from them and you'll use this when making purchases in the US. The only thing is that you will need to transfer the funds from your TD Canada Trust US dollar account to your TD Bank NA convenience checking account PRIOR to making any ATM transactions in the US with your TD Bank NA ATM card.

Trying to use your TD Canada Trust ATM card in the US would not only involve currency exchange fees (which TD's currency exchange rates are very bad) since it would involve a Canadian dollar account but it would also involve paying an ATM fee if withdrawing funds from an ATM (which obviously won't be a TD Canada Trust bank ATM in the USA).

You need to open a Cross Border Account with TD Bank US where you can easily transfer funds back and forth between TD in Canada and TD in the US.

https://www.td.com/ca/en/personal-banki ... r-banking/