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TD Bank international money transfers

TD banking services give you plenty of options for sending money - but you may not get the most competitive exchange rates.

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What types of international money transfers can you make with TD Bank?

TD offers a variety of ways to send money, from traditional wire transfers to electronic transfers using Interac and Visa Direct. Many of these options can be accessed easily through TD EasyWeb online banking or the TD mobile banking app. And if TD’s in-house transfer services don’t meet all your needs, you can access Western Union’s services from your EasyWeb or mobile banking account.

  • TD Global Bank Transfer (through TD EasyWeb or the TD mobile app)

    Through EasyWeb online banking and TD’s mobile app, you can send funds to 150+ countries and territories around the world. Funds are taken out of eligible TD chequing accounts, savings accounts or lines of credit and are credited to your recipient’s bank account within 1-5 business days. Transfers cost up to $25 depending on how much you’re sending, the receiving country and the currency of the TD account funding the transfer.

  • Western Union (through TD EasyWeb)

    Login to your TD EasyWeb online banking account to send a Western Union money transfer. You can send funds to over 200 countries in over 130 currencies. Cash pick-ups are supported, as are transfers directly to your recipient’s bank account. You may also be able to send to a mobile wallet, depending on the destination country and which mobile phone provider your recipient uses. Transfers typically arrive the same business day, although it could take up to several days. Read our full review of Western Union money transfer services for more information.

  • Wire transfer

    Visit your local TD branch in person to send a wire transfer in one of over 25 currencies. Wire transfers take 3-5 business days to be fully processed, depending on the currency and the number of banks involved in making the transfer.

  • Interac e-Transfer

    Interac e-Transfers are only available for transfers within Canada. Transfers are usually completed in minutes, although they can take up to 30 minutes. Recipients are notified by email that funds are available for deposit into their account. Auto-deposit is available to provide quicker access to funds. TD limits Interac e-Transfers to $3,000 per transfer and per day, $10,000 per week and $20,000 per 30 days.

  • Visa Direct

    Send money to over 170 countries in over 150 currencies through TD’s Visa Direct program. Transfers can be between $10 and $2,500, and recipients must have a Visa Debit, Visa Credit or Visa Prepaid card. Funds are deposited into whatever account is linked the debit, credit or prepaid card.

  • EasyWeb bill payment (for personal transfers and bill payments)

    If your transferring money to pay a Canadian bill or sending money to a friend or loved one within Canada, simply login to your EasyWeb online banking account or TD’s mobile banking app and select “Pay Bills.” Transfers do not cost anything, and payee information is stored to make future transfers easier. Funds are usually processed the following business day.

Available currencies

You can send money in over 25 currencies using TD Canada Trust wire transfer services. However, if you send a Western Union money transfer through your TD account or mobile app, you have access to a much larger network of destinations – over 200 countries in all. The following currencies are some of the ones supported through TD’s wire transfer service:

  • AUD Australian dollar
  • HKD Hong Kong dollar
  • SGD Singapore dollar
  • JPY Japanese yen
  • EUR Euro
  • GBP British pound
  • SFr Swiss franc
  • USD US dollar

How long does a transfer with TD Bank take?

  • TD Global Bank Transfers. Global Bank Transfers take between 1 and 5 business days to arrive – around the same time frame as wire transfers, though funds could potentially arrive sooner.
  • Wire transfers. Wire transfers are the slowest option for domestic and international transfers, taking 3-5 business days to process (potentially longer if the receiving bank takes longer to deposit the funds).
  • Western Union. Western Union transfers through EasyWeb are quicker, usually completing within the same business day.
  • Visa Direct. Visa Direct transfers can take 24-48 hours to process unless your recipient’s card is Fast Funds enabled, in which case your recipient can access the funds within 30 minutes. You will know if your recipient has Fast Funds enabled if you see an indicator beside Transfer Fee on the screen in which you confirm your details of your transfer.

TD Visa Direct global transfer Fast Funds enabled

  • Interac e-Transfers. If you’re sending money domestically, Interac e-Transfers are your quickest option as the process typically completes within minutes. Sending money online using the EasyWeb bill payment feature will takes at least 1 business day to complete.

What payment methods does TD Bank accept?

TD Canada Trust accepts the following forms of payment for money transfers:

  • Debit card (including Visa Debit)
  • Bank transfer directly from your account
  • Cash (for in-person transfers)

TD Bank exchange rates and fees

TD has exchange rates that are on par with other banks, but fall well below those on offer from specialist money transfer companies.

The bank recommends wiring foreign currency, instead of Canadian dollars, when sending money abroad, as doing so can mean faster payments and more competitive rates. It could also result in lower fees, as correspondent banks often charge more for currency exchanges during transfers.

TD’s money transfer fees*

Type of transferIncoming transfer feesOutgoing transfer fees
TD Global Bank TransferInternationalN/AUp to $25 depending on the amount sent, receiving country and the currency of the account funding the transfer
Wire transferDomestic and International$17.50
  • $16 to another TD Canada Trust account
  • $30, $50 or $80 to a non-TD Canada Trust account depending on the currency and transfer amount
Visa DirectInternationalFreeUp to $25 depending on the amount sent, receiving country and the currency of the account funding the transfer
Visa DirectDomesticFree$1.50
Interac e-TransferDomesticFreePersonal accounts:
  • $0.50 for transfers up to and including $100
  • $1.00 for transfers over $100
  • No fee for Student Chequing Accounts, Every Day Chequing Accounts, Unlimited Chequing Accounts and any personal account with an All-Inclusive Banking plan

Business accounts:

  • $1.50 for each transfer
  • No fee for any business chequing account with an Unlimited Business Plan
TD EasyWeb Online Bill PaymentDomesticN/AFree

These rates are comparable to other Canadian banks. For instance, RBC charges $45 or more for outgoing wire transfers and $17 for incoming non-RBC wire transfers greater than $50. Customers can send up to $2,500 per day from their online accounts or smartphones using RBC’s international money transfer service, which costs $6 for transfers of $1,000 or less and $10 for amounts over $1,000. Interac e-Transfers are free for all RBC personal chequing accounts, and each bulk Interac e-Transfers for business account holders cost $1.90 (the fee may be waived in some cases).*

*Rates and fees are current as of October 7, 2020

Is TD Bank safe to use?

  • Security and regulation: Regulated by the Office of the Superintendent of Financial Institutions (OSFI) and the Financial Consumer Agency of Canada (FCAC). Subject to the Bank Act (1991), Canada’s primary legislation pertaining to banks. The Ombudsman for Banking Services and Investments (OBSI) resolves customer disputes that cannot be resolved internally.
  • Established: TD Canada Trust was formed in 2000 when the Toronto-Dominion Bank bought Canada Trust bank.
  • Number of customers: Over 13 million.
  • Reviews: TrustPilot gives TD Bank a score of 1.5 out of 10, based on over 50 reviews*
*According to Trustpilot as of June 26, 2019.

Banking in Canada is regulated by a network of organizations that oversee various aspects of the financial industry including the Office of the Superintendent of Financial Institutions (OSFI) and the Financial Consumer Agency of Canada (FCAC). The Bank Act (1991) is the primary law governing Canadian banking institutions.

TD is required by law to have an internal complaints-handling process for customers to resolve their grievances. If still unresolved, customers can take their disputes to the Ombudsman for Banking Services and Investments (OBSI), an impartial third party body tasked with solving problems that cannot be solved internally.

How does TD Bank make money?

As with other banks and money transfer service providers, TD Canada Trust makes a profit by adding a margin to the exchange rate and charging fees for its products and services.

How to register for an account and transfer money through TD Bank

You must own a bank account with TD Canada Trust to send money domestically or internationally.

To set up an international transfer, you’ll need:

  • Your recipient’s full name and contact information.
  • The amount you’d like to send, the country it’s going to and the currency in which you’d like the money delivered.
  • If you’re sending through Visa Direct, you’ll need your recipient’s 16-digit Visa Card number as well as their name and address.
  • For wire transfers, you’ll need your recipient’s banking details including their bank name, SWIFT code and account number. For transfers to Europe, you might need the IBAN for your recipient’s bank.

You can only set up international wire transfers by visiting your local branch. Cutoff for wire transfers is 2 p.m. each day, regardless of where you’re sending it. After 2 p.m., your transfer is based on the next day’s exchange rate.

Steps for sending a Western Union money transfer through TD EasyWeb

Steps for sending a money transfer using Visa Direct

What is TD Bank?

TD Canada Trust is one of Canada’s largest banks, offering a full range of financial products and services for both individuals and businesses. Headquartered in the iconic TD Canada Trust Tower on Bay Street in Toronto, TD has been a leader in bringing customers new and easy ways to do their banking, from EasyWeb Online Banking, to the TD Mobile Banking app, to EasyLine Telephone Banking.

As one of the “Big 5” banks in Canada, the second largest in terms of assets and the 19th largest globally in terms of market capitalization, TD brings loads of experience in finances and customer relations to its business. It has become one of the most recognized financial institutions in Canada, providing banking and financial services to more than 13 million people, which is over 1/3 of Canada’s population.

TD Bank versus TD Canada Trust: What’s the difference?

TD Canada Trust is the Canadian commercial banking arm of The Toronto-Dominion Bank (also known as TD Bank Group). The Toronto-Dominion Bank services U.S-based customers through its American commercial banking arm, TD Bank.

TD Bank and TD Canada Trust logos

Because The Toronto-Dominion Bank owns banks on both sides of the border, it is able to offer strong cross-border financial solutions to its customers. However, TD Canada Trust and TD Bank remain separate financial institutions. Banking conducted from Canada can only be done through TD Canada Trust, while banking conducted from the States can only be done through TD Bank.

Do you visit the States or conduct business there frequently? Speak to your TD Canada Trust representative to learn more about cross-border banking options and to see if opening an U.S.-based account with TD Bank can help you.

Pros and cons


  • Competitive exchange rates compared to other banks. Customers say that exchange rates are stronger than similar banks.
  • Cheap domestic transfers. You can send money for free (or for a very low fee) using Interac e-transfers. You can also pay Canadian bills online or on your smartphone for free.
  • In-person service available. You can get service from an agent by going into one of over 1,100 branches located across Canada to send your transfer.
  • Pay with Visa Direct. You can transfer money onto any Visa credit, debit or reloadable prepaid card using online banking.
  • Competitively-priced TD Global Bank Transfers. Sending money overseas using a TD Global Bank Transfer only costs up to $25, which can be lower than dedicated money transfer services depending on the type of transfer you’re sending.
  • 24/7 customer service. Get help from customer service representatives any time of the day or night using TD’s EasyLine Telephone Banking. You can also use the self-serve options in your EasyWeb Online Banking account to handle many of your everyday banking needs.


  • Cannot send wire transfers online. There are no online options for sending international wire transfers – you have to go to a branch instead.
  • Worse exchange rates than most private and online transfer specialists. They might be stronger than those offered by other banks, but you’re more likely to get lower rates with online specialists.
  • High wire transfer fees. Many online money specialists charge a low flat rate — sometimes as low as $5 — but you could pay as much as $80 to wire money overseas with TD Bank.

How does TD Bank compare to other providers?

Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
1 - 4 of 4
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
Dunbridge Financial
24 hours

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Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
24 hours
From $15

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Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
XE Business Transfers
XE Business Transfers
Within minutes

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XE Money Transfer can help your business unlock international transfers. Forward contract and limit order options available.
24 hours

View details
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.

Compare up to 4 providers

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