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We recently got married in Canada and received some wedding gifts in the form of Canadian checks denominated in CAD.
If TD Bank is able to cash these checks either in USD, what is the current exchange rate (local banks are using 0.726 v. exchange rate of 0.75, so 2-3% charge)?
Would it be possible to cash them in CAD instead?
September 29, 2015 09:30:36 AM
1 person recommended this |
In reply to Nathan, Greenville
Hi Nathan and congrats on your wedding!
We'd like to share with you that you may certainly deposit a Canadian check into your TD Bank account. We invite you to review some helpful information we have listed below prior to making this deposit.
The international check must have an equivalent value of at least US $100.00.
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.
For your protection, the item should be hand delivered to a Store and not mailed. Please do not deposit foreign checks by using the ATM.
The conversion rate applied will be on the day the check is received by our Foreign Check Collection department. Additionally, fees may apply for the deposit of a foreign item. If you'll be depositing the check to a personal account with TD Bank, please take a look at our current Fee Schedule here: http://bit.ly/1cTejgt.
Please note that there are exceptions that may cause delays in funds availability. We invite you to look at our Deposit Account Agreement here for personal accounts: http://bit.ly/1kb17UQ. On pages 38-41 you can find our Funds Availability Policy along with the 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, please feel free to contact us 24/7 at 888-751-9000 or stop by any of the TD Bank Store locations in your area. To find TD Bank Store locations near you, please visit: http://bit.ly/TDStores.
Hope you find this helpful and have a fantastic day!
Sandy D, Mount Laurel
September 29, 2015 09:39:55 AM
1 person recommended this