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TD Group for international wire transfers
Sending money internationally is easy thanks to a variety of transfer options available with TD Bank.
TD Bank offers multiple options to send money overseas, including:
To a recipient’s bank account with TD Global Bank Transfer
To a recipient’s Visa debit or credit card with TD Visa Direct
For cash pick-up via the partnership with Western Union
However, is it worth it, or are you better off using a money transfer provider? Here’s a summary of how they compare.
Transfer type | TD Group | Money Transfer Companies |
|---|---|---|
Sending fees | $50 | $0 - $20 |
Receiving fees | $15 | $0 |
Exchange Markup | 2.31% - 5.14% | 0% - 2% |
Transfer Times | 1 - 5 business days | Instant - 3 business days |
Payment Methods |
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Scoring TD Group
We’ve analyzed the exchange rates, transfer costs, support, and online user reviews. Here’s a quick summary of the top highlights and drawbacks.
- Partnership with Western Union: Although not uncommon, TD Bank is partnered with WU for quicker and cheaper remittance transfers.
- 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 reach your recipient.
- Longer transfer times: Transfers with TD Bank will take around 3 - 5 working days, which is longer than many money transfer providers who can send money within a couple of hours.
TD Group fees and exchange rates
Fees and rates
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 (also known as the conversion fees).
Exchange rates
TD Bank charges a markup on top of the mid-market rate. This is a standard practice by the banks to generate profit. However, the key difference is how much markup.
Based on our analysis, TD Bank charges a 3.4% markup on average, which is lower than most other banks.
However, it is worth noting that the exchange rate markup will depend on the currency pair you want to convert or send.
For example, an exchange rate markup for USD-GBP is 2.98%, whereas for USD-PLN it’s 5.14%.
Here are a few more examples.
Currency | TD Bank Rate | Mid-Market Rate | Loss in USD | Markup |
|---|---|---|---|---|
CAD | 1.3257 | 1.36306 | 37.49 | 2.74% |
GBP | 0.7445 | 0.767375 | 22.95 | 2.98% |
EUR | 0.8724 | 0.89943 | 27.03 | 3.01% |
AUD | 1.436 | 1.483338 | 47.45 | 3.19% |
HKD | 7.57 | 7.78855 | 218.55 | 2.81% |
JPY | 140.6272 | 145.5715 | 4974.3 | 3.40% |
MXN | 18.4162 | 18.9229 | 506.7 | 2.68% |
NZD | 1.561 | 1.626745 | 65.985 | 4.04% |
NOK | 10.0402 | 10.50284 | 462.64 | 4.40% |
PHP | 54.7196 | 56.4625 | 1742.9 | 3.09% |
PLN | 3.6496 | 3.84746 | 197.86 | 5.14% |
SAR | 3.5945 | 3.752257 | 157.757 | 4.20% |
SGD | 1.2721 | 1.3058 | 33.7 | 2.58% |
ZAR | 17.1821 | 17.8631 | 686 | 3.81% |
SEK | 9.8135 | 10.22002 | 407.69 | 3.98% |
CHF | 0.8367 | 0.85652 | 19.82 | 2.31% |
*Data collected 20th Aug 2024.
You can get the right value for your exchange if you use a provider that offers the mid-market rate on exchanges.
Online money transfer providers like Wise, Revolut, and Instarem all make exchanges using the mid-market rate, but there’s a small fee for your transfer.
To avoid giving you a biased review, we’ve looked at online user reviews to see what they have to say about the exchange rates.
International transfer fees
For international wire transfers, you will be paying $15 to receive money into your account, as well as $50 to send money from your account abroad.
This is somewhat above the average fee charged by a bank.
For example, Citibank charges $35, Navy Federal charges $25, while Truist bank charges $65.
Here’s a breakdown of the fees for TD Bank depending on the transfer method you choose.
Service Category | Fees |
|---|---|
Money orders | $5.00 |
Official checks | $8.00 |
External transfers (to/from other institutions): 3-day delivery from other institutions | Free |
External transfers (to/from other institutions): 3-day delivery to other institutions | Free |
External transfers (to/from other institutions): Next-day delivery to/from other institutions | Free |
Zelle® - Delivery to others within minutes | Free |
Zelle® - Request funds from others | Free |
Zelle® - Standard ACH delivery (1 to 3 days) | Free |
Incoming wire (domestic & international) | $15.00 |
Outgoing wire (domestic) | $30.00 |
Outgoing wire (international) | $50.00 |
To put this into perspective, let’s assume you’re making a $1000 transfer from the US to a bank via wire transfer to an account in the following countries:
Country | TD Group fees | Wise fees |
$50 + ~2.98% markup | $6.69 + 0% markup | |
$50 + ~2.68% markup | $9.07 + 0% markup | |
$50 + ~5.14% markup | $7.15 + 0% markup |
Similar to the exchange rates, we’ve looked at how the transfer fees are being rated online.
Transfer speed
Transfer speed
Just like with any other bank, the transfer for international wire transfers is around 1-5 business days.
Here’s a summary of transfer times depending on the transfer method.
Method | Transfer times |
Visa Direct | 24-48 hours |
Western Union Money Transfer | 2-4 hours |
International wire transfer | 1-5 business days |
Also, the processing times will vary depending on the transfer you make.
Same-currency transfers: For example, USD to USD or CAD to CAD, requested before 11:59 p.m. ET (8:59 p.m. PT) will be processed immediately.
Foreign-currency transfers: For example, USD to CAD or CAD to GBP, requested before 9:00 p.m. ET (6:00 p.m. PT) will be processed immediately.
If you can make the transfer before the weekend and the cut-off times above, your transfer will be made quicker.
In addition, this is how users have rated TD Bank transfer fees.
Transfer limits
Transfer limits
Generally speaking, there is no information on wire transfer limits. However, most international transfers are made through the global bank transfer network, which has a limit of $6,500 per transaction.
The following limits apply when sending international transfers.
Method | Limits per transaction |
|---|---|
TD Global Bank Transfer | $6,500 |
Visa Direct | $2,500 |
Western Union Money Transfer | $999.99 |
Foreign exchange transfer | $250,000 USD equivalent |
International wire transfer | N/A |
Foreign currency bank drafts | N/A |
When it comes to transfer limits, this is what online user reviews look like when compared to Wise.
Product offering
Product offering
TD Bank offers 29 currencies you can receive into your account via wire transfer, and 43 currencies you can send abroad.
Here’s a breakdown of available currencies.
Currency | Send via wire | Receiving via wire |
|---|---|---|
Australian Dollar | Yes | Yes |
Aruba Florin | Yes | No |
Barbados Dollar | Yes | No |
Bermuda Dollar | Yes | No |
Bolivian Bolivia | Yes | No |
Cayman Island Dollar | Yes | No |
China Renminbi | Yes | No |
Czech Koruna | Yes | Yes |
Denmark Kroner | Yes | Yes |
East Caribbean Dollar | Yes | No |
Ethiopian Birr | Yes | No |
Euro | Yes | Yes |
Georgian Lari | Yes | No |
Hong Kong Dollar | Yes | Yes |
Hungary Forint | Yes | Yes |
Indian Rupee | Yes | Yes |
Israel Shekel | Yes | Yes |
Japanese Yen | Yes | Yes |
Liberian Dollar | Yes | No |
Malagasy Ariary | Yes | No |
Mexican Peso | Yes | Yes |
Mongolia Tugrik | Yes | No |
Nepalese Rupee | Yes | No |
New Zealand Dollar | Yes | Yes |
Nicaragua Cordoba | Yes | No |
Norwegian Kroner | Yes | Yes |
Philippines Peso | Yes | Yes |
Poland Zloty | Yes | Yes |
Rwanda Franc | Yes | Yes |
Saudi Riyal | Yes | Yes |
Serbian Dinar | Yes | Yes |
Singapore Dollar | Yes | Yes |
South African Rand | Yes | Yes |
South Korean Won | Yes | Yes |
Sterling Pound | Yes | Yes |
Swedish Krona | Yes | Yes |
Swiss Franc | Yes | Yes |
Taiwan New Dollar | Yes | Yes |
Thai Baht | Yes | Yes |
Turkish Lira | Yes | Yes |
U.A.E. Dirham | Yes | Yes |
United States Dollar | Yes | Yes |
Uruguayan Peso | Yes | Yes |
Foreign currency exchange
TD Bank offers 51 currencies that you can buy. It’s useful when traveling abroad, although we’d recommend looking into a multi-currency account which is much cheaper.
Here’s a list of currencies you can buy and sell at TD Bank.
Currency | The cash you can buy | The cash you can sell |
|---|---|---|
Australian Dollar | Yes | Yes |
Bahraini Dinar | Yes | Yes |
Barbados Dollar | Yes | Yes |
Brazilian Real | Yes | Yes |
Bruneian Dollar | Yes | Yes |
Bulgarian Lev | Yes | Yes |
Cayman Island Dollar | Yes | Yes |
Chile Peso | Yes | Yes |
China Renminbi | Yes | Yes |
Colombian Peso | Yes | Yes |
Czech Koruna | Yes | Yes |
Denmark Kroner | Yes | Yes |
Dominican Peso | Yes | Yes |
East Caribbean Dollar | Yes | No |
Euro | Yes | Yes |
Fiji Dollar | Yes | Yes |
Guatemalan Quetzal | Yes | Yes |
Hong Kong Dollar | Yes | Yes |
Hungary Forint | Yes | Yes |
Icelandic Krona | Yes | Yes |
Indonesia Rupiah | Yes | Yes |
Israel Shekel | Yes | Yes |
Jamaican Dollar | Yes | Yes |
Japanese Yen | Yes | Yes |
Jordanian Dinar | Yes | Yes |
Kuwaiti Dinar | Yes | Yes |
Malaysian Ringgit | Yes | Yes |
Mexican Peso | Yes | Yes |
New Zealand Dollar | Yes | Yes |
North Irish Pound | Yes | Yes |
Norwegian Kroner | Yes | Yes |
Omani Rial | Yes | Yes |
Peru Nuevo Sol | Yes | Yes |
Philippines Peso | Yes | Yes |
Poland Zloty | Yes | Yes |
Romanian Leu | Yes | Yes |
Saudi Riyal | Yes | Yes |
Scottish Pound | Yes | Yes |
Singapore Dollar | Yes | Yes |
South African Rand | Yes | Yes |
South Korean Won | Yes | Yes |
Sterling Pound | Yes | Yes |
Swedish Krona | Yes | Yes |
Swiss Franc | Yes | Yes |
Tahiti CFP Franc | Yes | Yes |
Taiwan New Dollar | Yes | Yes |
Thai Baht | Yes | Yes |
Turkish Lira | Yes | Yes |
U.A.E. Dirham | Yes | Yes |
United States Dollar | Yes | Yes |
Uruguayan Peso | Yes | Yes |
You can order your currency online, over the phone, in the branch, and using the TD Foreign Exchange Centres.
Mobile App
The TD Banking app is available on both Apple and Google stores and allows on-the-go access to deposits, and services such as Bill Pay and Zelle transfers.
When looking at the online reviews, users had mixed opinions on the features offered.
Ease of use
Ease of use
As for customer reviews, this is how TD Bank’s usability is rated online.
Customer service
TD Bank has a large help center on its website which addresses a wide range of frequently asked questions. If you want to get in touch with someone directly, you could visit a branch directly, message customer services on Facebook Messenger, or DM them via Twitter.
Customer support seems to be the key issue when it comes to traditional banking. This is how users have rated customer support of TD Bank.
Safety and trust
Safety and trust
Just like with other areas of this review, we’ve looked at the online user reviews. This is how other users rated the safety features of TD Bank.
Customer feedback
Customer feedback
The online reviews for TD Bank highlight both the positives and negatives of their service.
On the positive side, some customers find it easy to use, noting that they find the bank's digital platforms straightforward and convenient.
However, the negatives dominate the feedback, with several customers expressing frustration over the bank's online banking experience, calling it unreliable and difficult to use.
Others report issues with customer service, including complaints about security procedures and a lack of responsiveness.
There are concerns about the handling of credit card services, with some users accusing the bank of misleading practices or inadequate support during critical situations, such as dealing with fraud or lost cards.
Overall, while TD Bank has its strengths in ease of access, there is an overwhelming number of negative reviews regarding its customer service and online banking reliability.
Here's a summary of average user reviews so far this year.
Review Category | Jan 24 | Feb 24 | Mar 24 | Apr 24 | May 24 | Jun 24 | Jul 24 |
|---|---|---|---|---|---|---|---|
International Transfers | 0 | 1 | 1 | 1 | 0 | 1 | 0 |
Fees | 1 | 0 | 2 | 1 | 1 | 1 | 0 |
Exchange Rates | 1 | 1 | 0 | 1 | 0 | 1 | 0 |
Speed | 5 | 0 | 5 | 0 | 0 | 0 | 1 |
Limit | 0 | 1 | 2 | 1 | 1 | 1 | 1 |
Features | 1 | 1 | 1 | 1 | 1 | 3 | 1 |
Ease of Use | 1 | 1 | 0 | 1 | 5 | 0 | 1 |
Safety | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Customer Support | 1 | 1 | 0 | 1 | 1 | 2 | 2 |
Opening an account with TD Group
To open an account with TD Group you will need the following:
Your Social Security number
A government-issued ID
Basic personal information (name, address, phone number, etc)
Funds to add to your new bank account
Once you have these ready, follow these steps to open an account:
Choose the Account Type
Gather Necessary Documentation
Visit a TD Bank Branch or Apply Online
Complete the Application Form
Submit Identification and Documents
Make an Initial Deposit
Making international transfers
You’ll need to provide the following information about your transfer when using TD Global 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
Sending international wire
To set up a wire transfer, you can either go into your local branch or log in to your online banking.
If you’re doing it online, follow these steps:
Log in to TD EasyWeb or the TD App
Select the “Send Money” Option
Choose TD Global Transfer
Enter Recipient Details
Select the Delivery Method
Enter the Transfer Amount
Review the Transfer Details
Confirm and Send the Money
Track Your Transfer
TD Bank’s swift code is TDOMCATTTOR
Use Wise to send money from your TD Bank account
It may be simpler to fund your transfer with your TD Group Bank account, but use a transfer provider like Wise to send your money overseas.
Register for a Wise account
Add the details of your transfer
Review the received amount
Send the money
To receive a transfer into your TD Bank account, you will need the following:
Your ABA, RTN, or SWIFT code
For domestic wire transfers, you’ll need to supply the Wire Routing Transit Number (your ABA or RTN).
The TD Bank RTN is different based on the transfer location. Use this page to find yours.
For international wire transfers, you’ll need to supply your SWIFT code or BIC: TDOMCATTTOR
The bank name and address
TD Bank address is different based on the transfer location. Use this page to find yours.
Your account number, name, and address
You’ll need to supply your complete TD Bank account number, the name on your account, and the complete address of your account as it appears on your bank account.
How TD Group compares to money transfer services
Generally, money transfer companies are much cheaper than any high street bank. Here’s a list of top alternatives if you’re planning to make international transfers.
Fees & Rates9.4Transfer Speed9.0Safety & Trust9.2Product Offering8.8Transfer Limits9.5Ease of Use10.0Customer Feedback8.5Overall
Fees & Rates9.8Transfer Speed9.0Safety & Trust9.0Product Offering8.0Transfer Limits9.0Ease of Use9.0Customer Feedback8.4Overall
Fees & Rates9.3Transfer Speed9.0Safety & Trust9.0Product Offering8.0Transfer Limits9.0Ease of Use9.0Customer Feedback8.7Overall
Fees & Rates9.1Transfer Speed8.0Safety & Trust9.0Product Offering9.0Transfer Limits8.0Ease of Use9.0Customer Feedback9.0Overall
Fees & Rates9.4Transfer Speed8.0Safety & Trust8.5Product Offering8.8Transfer Limits9.5Ease of Use8.2Customer Feedback8.3Overall
Other Alternatives
Alternatively, consider using one of these neobanks for international transfers.
TD Bank Group: Is it good for transfers abroad?
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.
When compared to other banks in the US, it is cheaper, faster, and offers great support for international transfers.
Their exchange rates are better than the likes of BofA or Wells Fargo, but only by a little bit.
When compared to the money transfer service, TD Bank is not that great. It still ends up being more expensive and taking longer to send money.
If you need to make a transfer abroad, especially if it’s a large one, we suggest comparing your options using the form below to get the best exchange rates.
A bit more about TD Group
Can I open a TD Bank account in any country?
Can I use my TD Bank debit card when traveling abroad?
Help & FAQ
Get answers to the most common questions asked when sending money abroad. Covers costs, fees and the best way to compare.
More Banks
You can send international wire transfers with Capital One, however, at a higher cost compared to other banks and services. They also use a SWIFT network to process their transactions, meaning transactions will take longer.
No doubt BofA is one of the more popular banks in the US, but it might not be your best option for sending money abroad.
Here’s a quick overview of Chase and how it compares to an average money transfer provider.
Here’s an overview of Wells Fargo’s international transfers, and how they compare to money transfer companies.
