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TD Group International Transfer: Exchange Rates, Fees, and Transfer Times

TD Group charges a flat fee of $50 per international transfer and a 3.4% markup on average.

This means a transfer of $1000 to Mexico would cost you $84.00 vs using a money transfer provider such as Wise which would cost $9.07.

You can use your TD Bank to send money abroad, but we'd recommend using it to deposit money into a Wise account and send it from there.

April Summers
Author 
April Summers
Artiom Pucinskij
Editor 
Artiom Pucinskij
43 minutes
September 19th, 2024
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Expert Rating
4.5/10

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

  • International wire transfer

  • Global transfer marketplace

  • Foreign exchange transfer

  • Foreign currency bank drafts

  • Bank transfer

  • ACH transfer (in the US)

  • Domestic Zelle transfers

  • ACH transfer

  • Credit/debit card

  • International and domestic wire transfer

  • Cash pick-up

Compare now to get the best transfer rate
You can send money using your TD Bank account through a money transfer provider to save on fees. Fill in the form to get the most out of your transfer.
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RATING BREAKDOWN

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.

Pros
  • 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.
Cons
  • 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.
COST

TD Group fees and exchange 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.

Can you exchange money for what it’s actually worth?

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.

Average online reviews for TD Banks exchange rates. 0s represent no reviews for the given period.
Average online reviews for TD Banks exchange rates. 0s represent no reviews for the given period.

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

The UK (GBP)

$50 + ~2.98% markup

$6.69 + 0% markup

Mexico (MXN)

$50 + ~2.68% markup

$9.07 + 0% markup

Poland (PLN)

$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.

Average online reviews for TD Banks transfer fees. 0s represent no reviews for the given period.
Average online reviews for TD Banks transfer fees. 0s represent no reviews for the given period.
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.

Average online reviews for TD Banks transfer speed. 0s represent no reviews for the given period.
Average online reviews for TD Banks transfer speed. 0s represent no reviews for the given period.
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.

Average online reviews for TD Banks transfer limits. 0s represent no reviews for the given period.
Average online reviews for TD Banks transfer limits. 0s represent no reviews for the given period.
PRODUCT

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.

Average online reviews for TD Banks product features. 0s represent no reviews for the given period.
Average online reviews for TD Banks product features. 0s represent no reviews for the given period.
USABILITY

Ease of use

As for customer reviews, this is how TD Bank’s usability is rated online.

Average online reviews for TD Banks usability. 0s represent no reviews for the given period.
Average online reviews for TD Banks usability. 0s represent no reviews for the given period.

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.

Average online reviews for TD Banks support. 0s represent no reviews for the given period.
Average online reviews for TD Banks support. 0s represent no reviews for the given period.
SAFETY

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.

Average online reviews for TD Banks safety features. 0s represent no reviews for the given period.
Average online reviews for TD Banks safety features. 0s represent no reviews for the given period.
REVIEWS

Customer feedback

ANALYSIS OF USER REVIEWS

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

SIGN UP

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
SEND MONEY ABROAD

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 the search box below to find your recipient’s SWIFT code.

Find a SWIFT Code

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
RECEIVING 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.

ALTERNATIVES

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.

  • Wise
    Fees & Rates
    9.4
    Transfer Speed
    9.0
    Safety & Trust
    9.5
    Product Offering
    8.8
    Transfer Limits
    9.5
    Ease of Use
    10.0
    Customer Feedback
    8.5
    9.2
    Overall
  • Currencies Direct
    Fees & Rates
    9.8
    Transfer Speed
    9.0
    Safety & Trust
    9.0
    Product Offering
    8.0
    Transfer Limits
    9.0
    Ease of Use
    9.0
    Customer Feedback
    8.4
    8.9
    Overall
  • TorFx
    Fees & Rates
    9.3
    Transfer Speed
    9.0
    Safety & Trust
    9.0
    Product Offering
    8.0
    Transfer Limits
    9.0
    Ease of Use
    9.0
    Customer Feedback
    8.7
    8.9
    Overall
  • WorldRemit
    Fees & Rates
    9.1
    Transfer Speed
    8.0
    Safety & Trust
    9.0
    Product Offering
    9.0
    Transfer Limits
    8.0
    Ease of Use
    9.0
    Customer Feedback
    9.0
    8.7
    Overall
  • OFX
    Fees & Rates
    9.4
    Transfer Speed
    8.0
    Safety & Trust
    8.5
    Product Offering
    8.8
    Transfer Limits
    9.5
    Ease of Use
    8.2
    Customer Feedback
    8.3
    8.7
    Overall

Other Alternatives

Alternatively, consider using one of these neobanks for international transfers.

SUMMARY

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.

Find the best rates for your transfer
Send
FAQS

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.

FAQs

More Banks

  • Capital One
    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.
  • Bank of America
    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.
  • Chase Bank
    Here’s a quick overview of Chase and how it compares to an average money transfer provider.
  • Wells Fargo
    Here’s an overview of Wells Fargo’s international transfers, and how they compare to money transfer companies.

TD Bank user feedback

Would you recommend TD Bank?
Be the first to leave feedback for TD Bank.

Contributors

April Summers
April Summers is an experienced Senior Financial Content Editor who combines a wide range of professional skills with her academic background in English literature and journalism. Her professional background includes key positions at the Daily Star, LBB Online, and Entertainment Daily UK, which have sharpened her financial and journalistic expertise.
Artiom Pucinskij
Artiom Pucinskij is a seasoned financial content strategist who holds an impressive background in marketing from the University of Portsmouth. With years of dedicated experience in the personal finance and remittance sectors, Artiom has become an integral part of MoneyTransfers.com's growth.