TD Bank review

TD Bank offers international wire transfers for Canadian and US account holders. Widely available but significantly more expensive than specialist money transfer services. Founded in 1855 and based in Toronto, Canada, TD Bank is a high-street bank. TD Bank is authorised and regulated by OSFI, FDIC, which means customer money is safeguarded separately from company funds.

On the fee side, expect cad $30-$80 per wire transfer, but the bigger cost is usually the exchange-rate markup of 2.5% - 4% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $1 up to $100,000 per transaction. Because that markup scales with the amount you send, it is worth comparing the final receive amount rather than the fee alone.

Delivery speed is quoted at 2-5 business days, and the service reaches 200+ countries across 50+ currencies. You can fund a transfer by Bank Transfer, with money delivered via Bank Deposit. The mix of funding and payout options is a good guide to which corridors TD Bank handles best.

On the plus side: major canadian bank, strong us and canadian presence and easy for existing customers. That makes it a sensible choice for existing customers who value keeping the transfer inside their own bank. Worth keeping in mind: high transfer fees ($30-$80) and poor exchange rate markup (2.5%+). As always, run your exact amount and currency through a live comparison before sending — the provider you pick usually affects the final amount more than any single fee.