Cross-Border Banking | TD Canada Trust (2024)

FAQs

Which Canadian banks offer cross-border banking? ›

BMO makes banking easy north and south of the border. Whether you're a frequent visitor to the United States or enjoy extended stays, we offer Canadians products and services that make cross-border banking seamless. Live, vacation, shop or study in the United States and have your financial needs met.

Call the TD Cross-Border Banking Support Line at 1-877-700-2913.

Yes, you can open an account in Canada. Your options with banks might be complicated, however you can open a CAD account online with providers like Wise or Revolut.

Canada Trust, founded in 1864 in London, Ontario as Huron and Erie Savings and Loan Society, was acquired by TD Bank in 2000, after which TD adopted the new brand name "TD Bank Financial Group".

Having all of your cross border banking services with Canadian financial institutions or banks and their U.S. affiliates is almost always a cleaner, easier and more cost effective option than opening additional bank accounts or credit cards in the U.S.

You must be 18 years or older and live in Canada or the U.S. to open an account. Make sure you have your: SIN or SSN (we use this information to verify your identity and when necessary, access your credit history with a credit reporting agency.

U.S. Banking

TD Bank is TD Bank, N.A., a wholly-owned U.S. subsidiary of The Toronto-Dominion Bank. Member FDIC. Accounts issued by TD Bank, N.A. are not insured by Canada Deposit Insurance Corporation.

Yes. U.S. Bank processes electronic transfer funds via the Automated Clearing House (ACH) secure network. This is the same network used by the Federal Reserve to clear checks between financial institutions.

You don't need a Canadian address to open an international bank account.

Is TD Canada Trust and TD Bank the same? ›

TD Canada Trust is TD Bank Group's customer-focused personal and small business banking business.

TD Bank has been a subsidiary of TD Bank Group since 2008, and it is the 14th-largest credit card issuer in the United States, with 7.8 million cards in circulation. For more information, check out TD Bank's credit card reviews. This answer was last updated on 07/03/24 and it was first published on 02/24/23.

In 2000, Canada Trust was acquired by TD BANK FINANCIAL GROUP in an $8 billion transaction. The addition of Canada Trust's more than 400 branches helped the newly renamed TD Canada Trust become Canada's largest retail banking network at that time. See alsoBANKING; STOCK AND BOND MARKETS; TRUST COMPANY.

The withdrawal of services has been blamed on increased costs and regulations. HMRC's figures released in October 2023 show Trust numbers are dwindling. Nevertheless, there are still many Trusts in existence or being created for varying reasons, such as estate planning and protective Trusts for the vulnerable.

Why choose TD? Convenience: Access your Canada-based accounts at TD Canada Trust or U.S.-based accounts at TD Bank, America's Most Convenient Bank^® online, through the TD mobile app or at any of the thousands of locations across Canada and the U.S. that have convenient extended hours.

With more than 2,000 branches and offices in 50 countries, Scotiabank is the most international of the Canadian banks and has been doing business internationally for more than 100 years.

1 The default account for the Cross Border Debit service is the chequing account. If you don't have a “keyed” chequing account, our system will automatically search for a “keyed” savings account to process the transaction request. 2 A foreign exchange fee will apply when converting from U.S dollars to Canadian dollars.