The most likely additional fee you'll encounter is a correspondent bank fee, which will typically cost you anywhere between C$10 and C$100 and could be levied without warning if your bank transfer cannot be made directly to your beneficiary's bank. Third-Party Banking Feesīesides having to pay the base fees and exchange rate margins when sending a global transfer with TD, there may still be other expenses before the final sum arrives in your beneficiary's account. The transfer fee amount is dynamic and will vary depending on the amount being sent, the recipient country and the currency of the account funding the transaction.Īs such, you can safely expect to pay a maximum of C$25 per transfer when making an international money transfer with the Toronto-Dominion Bank. TD Transfer Fee is up to $25 per transfer. Unfortunately, while TD quotes an amount of C$25 per transfer for International Bank Transfer and Visa Direct transfers, the bank isn't completely transparent regarding how this fixed fee is applied to different transfer amounts, saying only: No matter which option you pick, the first cost you'll meet while sending funds to your recipient abroad will be a fixed fee. However, if you don't have a TD account in both countries, you will do well to compare the best alternative deals on this corridor instead! In addition, there's a separate option for US to Canada bank transfers for TD Bank clients in both countries. It's helpful if you want your recipient to receive their money in cash, but it also supports bank deposits. Western Union: This lets you send money to over 200 countries and territories via Western Union. Visa Direct: This option lets you send money to a Visa card (debit, credit, or prepaid) in Canada or another country.International Bank Transfer: This is an ordinary wire transfer from your internet banking that gets routed via SWIFT.Learn more about how to help protect your business from online bank fraud.When sending money abroad with the Toronto-Dominion Bank, you'll need to use the TD Global Transfer platform, which allows you to send money to a country abroad in one of three possible ways: Business E-mail Compromise (Update 2) *.Business E-mail Compromise (Update 1) *.Please refer to your customer agreement for the terms and conditions governing your account.įor additional information from the FBI, including examples of fraud and ways to help protect against fraud, see the following alerts: All wire transfer requests should be confirmed by a second verification process that cannot be intercepted and manipulated by e-mail hackers prior to initiation with us. TD Bank advises customers not to arrange wire transfers solely by e-mail. The e-mail is directed to an employee at a business and typically appears to be from a higher-level individual at the same company. The specifics of the frauds vary, but their common goal is to send an e-mail message that appears to be a legitimate request for a wire transfer to a specific account, when the request is actually fraudulent and the destination account is controlled by the fraudster. We at TD Bank want to alert you to the significant increase in businesses being victimized by fraudulent wire transfer scams perpetrated by e-mail.
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