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I need to transfer money to my friends account in Canada. If I open an account today 12/17 and deposit a check tomorrow from JP Morgan when could I transfer the money to his account? He lives in Canada.
December 17, 2014 02:18:03 PM
In reply to Pameal, Ocala
Thank you for considering TD for your banking needs, Pameal!
If you'd like to open an account, you're welcome to do so either by phone or online, in addition to visiting a Store. With either of those options, your initial deposit can be made at any TD Bank Store once the account is open. Although we won't be able to tell you in advance if the account will open, you're welcome to apply.
First, you may like to review the products we offer and find an account that suits what you're looking for. We encourage you to review our Checking Accounts here: http://bit.ly/1oXjGgF, or use our Checking Account Selector at http://bit.ly/1vW1xnU. And our Savings products are listed here: http://bit.ly/1hzzhPT, or use our Savings Selector Tool athttp://bit.ly/1sxY9Rd.
If you'd like to open your account online, you may use the Open Account button at these links to begin your application. To start, you'll need your Social Security number and a valid personal identification such as a Driver's license, State ID, or Passport. If you open your account online, you can make your first deposit using a debit card linked to an account from another financial institution or a credit card (Visa or MasterCard), or stop in at a TD Bank Store as mentioned earlier.
If you'd prefer to open your account by phone, feel free to give us a call 24/7 at 1-888-751-9000 to speak with one of our dedicated Customer Service Representatives. They will be more than happy to help you establish your account. If you open the account by phone, your representative will be happy to provide convenient deposit options.
And if you prefer, you're also welcome to open your new account in person. If you have any concern that an account may not be able to be opened, we'll be able to advise you of this if you stop in. Please see http://bit.ly/TDStores to search for the convenient TD Bank Store locations near you.
In regards to transferring funds, you will be able to do so after your check deposit clears. When you deposit a check, the first $100 is made available right way. If you are a new account holder and your account has not been open for 30 consecutive days, Check Deposits can be held for 7-10 business days for verification purposes. After this grace period, not only will the first $100 be made available at the time of deposit but the rest of the funds will credit to your account the following business day. To read the Funds Availability Policy and other important details, please visit http://bit.ly/1kb17UQ (pages 38-41).
After the funds have cleared, you may visit a TD Store during lobby hours so you may send a wire transfer to the account holder in Canada. Once at the Store, you will need to provide the name and address of the receiving bank, as well as their SWIFT/BIC code. You will also need the name on the account to be credited, the beneficiary address and the account number. As you mentioned that it is going to be an international wire, please review additional information on sending international wires at http://bit.ly/1oowsYN.
We utilize the services of correspondent and/or intermediary banks to transfer funds to banks overseas. These banks might charge a fee for their services, and the correspondent and/or intermediary bank might deduct these fees from the wire transfer amount. Please note that we do not process or disburse funds from wire transfers received designated Pay Upon Proper Identification (PUPID) and return them to the sender. For more information on fees for wire transfers, please take a look here: http://bit.ly/1cTejgt.
We hope this helps, Pameal and thank you again for considering TD!
Megan K, Mount Laurel
December 17, 2014 02:19:05 PM