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I recently opened a TAD Bank Visa Boarder Checking and savings account online and now need to send in my initial funds to open the account. Can I make my initial deposit to newly opened TD Bank Cross-boarder accounts with a check/cheque from a Canadian Bank? If not, is there here any other simple method to fund the accounts from Canada without having to visit a branch in the US?
Mathew Liam, Brampton
July 12, 2017 02:28:20 PM
In reply to Mathew Liam, Brampton
Thanks for coming to TD Helps, Mathew!
It's great to hear that you joined the TD Family, and we'll be happy to help you fund your new account! It sounds as if you opened an account here in the United States to take advantage of the Cross Border Banking feature offered by TD Bank and TD Canada Trust. If this is the case, we're happy to announce that you have the ability to transfer funds right from your TD Canada Trust account to your new TD Bank account in the United States.
As you would be transferring funds from your TD Canada Trust account, we recommend that you get in touch with them directly so that they may better assist you with performing this transfer. Our friend Ane-Isabel from London, ON, has provided some more information on Cross Border Banking transfers from the Canadian side, and we invite you to check out here answer here: https://go.td.com/2u9SEkH.
In addition to viewing the link, you may also contact a Cross Border Banking Specialist at 877-700-2913. Once you have called, after selecting option one (option two will allow you to talk to a Representative in French), simply select option one again to be taken to a Cross Border Banking Specialist on the Canadian side.
If you do not currently have an account with TD Canada Trust, and would like to deposit a check that you may have from another Financial Institution in Canada, for your protection, we ask that you visit a TD Store location in the United States to make this deposit. Please know that you are not able to deposit foreign checks by using the ATM or via Mobile Deposit at this time. We apologize for any inconvenience.
Before visiting a TD Store location to make your deposit, please know that the international check must have an equivalent value of at least $100.00 U.S. Dollars. In addition, rates used for currency conversion are provided by TD Bank traders. We do not use rates printed by third parties in newspapers or published online. The conversion rate applied will be on the day the check is received in the Foreign Check Collection Department. Additionally, fees may apply for the deposit of a foreign item. Please take a look at our current Fee Schedule here: https://go.td.com/2lbbfGg.
Keep in mind that there are exceptions that may cause delays in funds availability. We invite you to look at our Funds Availability Policy here: http://go.td.com/1kb17UQ. On pages 40-44 the document reviews information about when you'll have access to deposits. For foreign check deposit funds availability, please refer directly to page 41 for additional information.
If you have any additional questions or concerns, please feel free to contact us, 24/7, at 888-751-9000, or stop by any of the TD Stores in your area. To take a look at Store locations and their hours please visit http://go.td.com/1f9DSJR.
We hope this information was helpful, Mathew. Have a great day!
Brittany Mullen, Mount Laurel
July 12, 2017 02:28:41 PM