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TD Group International Transfers & Exchange Rates
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Published On:
November, 24 2022
Edited On:
March, 23 2023

TD Group International Transfers & Exchange Rates

As one of the largest banks in the United States and the largest bank in Canada, TD Bank is a secure and efficient choice for sending money internationally with a bank. In this guide, we’ll look at TD Bank international transfer fees compared with money transfer operators, plus everything you need to know about opening an account and sending money abroad.

About TD Bank

In 1955 the Bank of Toronto and The Dominion Bank merged, becoming the Toronto-Dominion Banking Group. More commonly known as TD Bank, this financial institution is now the largest bank in Canada and one of the 10 largest banks in the US. Domestically operating as TD Canada Trust, the bank serves over 11 million customers at almost 1,100 branches in Canada, with headquarters in Toronto. The company also serves more than 6.5 million Americans at over 1,200 branches in the United States.

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Can I Use TD Bank for International Bank Transfers?

Sending money internationally is easy thanks to a variety of transfer options available with TD Bank. These include:

  • Sending funds overseas to a recipient’s bank account with TD Global Bank Transfer

  • Sending funds overseas to a recipient’s Visa debit or credit card with TD Visa Direct

  • Sending funds overseas for cash pick-up with the Western Union Money TD Bank service

Exchange Rates and Fees

TD Bank facilitates both domestic and international wire transfers to other bank accounts, but before sending your money it’s useful to make sure you know the exact costs involved with this type of transfer. The two primary costs to look out for when making an international bank transfer are fees and exchange rate mark-ups, or conversion fees, charged by the sending, intermediary and receiving financial institutions. These costs will be covered in this section.

Exchange Rate

Unfortunately, there is a lack of clear information on the exact exchange rate charged by TD Bank when sending an international transfer. However, what we do know is that banks will typically add a margin onto the exchange rate you are offered for international wire transfers, factoring in processing fees, profits, and market factors. You should be shown the exact exchange rate you are being given when setting up your international transfer.

Transfer Fees

The transfer fees for TD Bank are as follows:

  • Outgoing international wire transfers: $50.00

  • Outgoing domestic wire transfers: $30.00

Additional Costs

If you are receiving an international transfer, there is a fee of $15.00. Keep in mind that the receiving bank may also charge a fee when you are sending money internationally via wire transfer, so you may need to factor these additional costs into your transfer.

How Do TD Bank Transfer Fees Compare to Using a Money Transfer Provider?

Overall, you are far more likely to find a way to send money internationally with lower fees by using a money transfer operator. Use our comparison tool to view all the options available to you, comparing transfer fees, exchange rates, transfer time, and more.

TD Group Pros and Cons


Secure means of sending money: Wire transfers are a safe way of sending money to someone internationally provided you have their correct bank details.
Cross-border accounts: TD Bank is particularly well-poised for transfers between Canada and the US, whether you reside in either country part-time or frequently send money there.


High transfer fees: TD Bank has relatively high transfer fees for international wires, meaning less of your funds reaching your recipient.
Longer transfer times: Transfers with TD Bank will take around 3 - 5 working days, which is longer than many other transfer providers who can send money within a couple of hours.

How to Open an Account and Transfer Money With TD Bank?

Opening an Account

You’ll first need to select the account you want to open and then click on the ‘Open an Account’ button. Here, you’ll be prompted to select whether you are from the US or Canada, and to select the state and city you are based in.

After this, you’ll be redirected to the online application form. You’ll need:

  • Your Social Security number

  • A government-issued ID

  • Basic personal information (name, address, phone number etc)

  • To be able to add funds to your new bank account

Once you’ve completed the online application, you should receive an email confirming the bank has received it, and another if your application has been approved.

Alternatively, you could visit your local TD branch to set up a new account.

Transferring Money

To set up a wire transfer, you can either go into your local branch or log in to your online banking. You’ll need to provide the following information about for your transfer:

  • Recipient’s account holder name and full address

  • Recipient’s account number

  • Their branch number and address

  • SWIFT code/ BIC

  • Routing number

  • The sum you are sending and the currency you want your funds converted to

Once processed, your transfer will take around 3 - 5 to appear in your recipient’s account.


In summary, TD Bank is one of the largest banks in the United States and thus has a reliably secure and efficient system in place for opening an account and transferring funds both domestically and abroad.

However, you are more likely to find a cheaper way of sending money abroad by using a specialist money transfer operator. Use our comparison tool to find the best service for your needs based on cost, speed, payment options, and more.

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April Summers
April Summers
April is a trained journalist and the Content Editor for She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she's not writing about global remittances she can be found daydreaming about her next holiday abroad.

Answers to key questions about TD Bank

In this section, we’ll address some of the most frequently asked questions about TD Bank, transferring money, and how to get support with your account.

Can I open a TD Bank account in any country?
Does TD Bank have an app?
Are there transfer limits?
How long do transfers take with TD Bank?
What customer support options are available?
Can I use my TD Bank debit card when travelling abroad?
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