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I have four dividend checks, each one is around $1.25 and they are in Canadian funds, wondering if they are worth depositing into my US Bank account or will there be fees attached that would be more than the checks value?
MARY, North Chelmsford
March 10, 2015 08:56:00 AM
In reply to MARY, North Chelmsford
Hi Mary, welcome to TD Helps! We are glad to assist you with answering your question on your check deposit.
You can 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. If you have a small business or commercial account with TD Bank, we recommend reviewing the account agreements provided at the time of the account opening for additional fee information, or speak with a Representative at your local TD Bank Store.
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 or concerns, please feel free to contact us 24/7 at 888-751-9000 or stop by any of the TD Store locations in your area. To find out TD Store locations near you, please visit: http://bit.ly/TDStores.
We hope this helps Mary, have a great day!
Sandy D, Mount Laurel
March 10, 2015 09:00:26 AM