TD Bank (US) wire transfer: Fees, limits & transfer time

Adam Rozsa

If you’re a customer with TD Bank, the good news is that it offers international transfers to 65 countries, in a choice of currencies¹.

In this guide, we’ll cover everything you need to know on how to make a TD Bank international transfer.

Remember though that banks aren’t the only option for sending money internationally. You could save money with an alternative such as Wise, which has low fees² and uses the mid-market exchange rate - but more on this later.

avoid-big-transfer-costs


How much does TD bank charge for international transfers?

Unfortunately, it’s not free to send a wire transfer with TD Bank. However, the bank offers a simple set of fees for international wires from standard personal accounts:

Transaction typeTD Bank international wire transfer fees³
Incoming wire (both domestic and international)$15
Outgoing wire (international)$50

A quick thing to note with the table above is that these fees are only for sending international payments with TD Bank in the US. There are also branches of TD Bank in Canada, but you’ll need to contact the bank to confirm costs there. Also, there may be different charges for TD Bank business accounts and student accounts.

Another thing to be aware of is that these are only TD Bank’s international wire transfer fees.

When making an international transfer, multiple intermediary banks may be involved in the process, as per SWIFT transfers. These banks may charge additional fees, which are not determined by TD Bank. Additionally, the exchange rate significantly impacts the final amount of money that will reach the destination account.

💡 Banks can set their own exchange rates when they convert money into a foreign currency, so rather than using the rate you’ll find on Google, they effectively add a markup. This means that they get to keep the difference between the mid-market rate and the one they gave you.

Save money on international transfers with Wise

For full transparency on fees and a fairer exchange rate, check out Wise² the next time you want to send money overseas.

To help you see how much you could save with Wise compared to using your bank, here’s a quick comparison.

Let’s imagine you want to send $1000 USD from the United States to a friend living in the UK. Here’s how much it’ll cost with TD Bank US and Wise:

ProviderFeeExchange rateTotal cost
TD Bank (US)$50Mid-market rate + markup$50 + exchange rate markup + likely fees from intermediary banks
Wise$6.93²The mid-market exchange rate$6.93 via ACH pay-in method
Fees as of 05/24/2023

Send money with Wise and you can see exactly what it’ll cost before you send it. The cool thing about Wise that unlike traditional methods, Wise operates through local bank transfers, eliminating international and intermediary fees – as Wise isn’t a bank but a Money Transfer Business (MSB).

And you’ll always get the mid-market exchange rate, like the one you see on Google. This means that as much of your money as possible arrives at its destination.

Get a Wise Account today

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up-to-date pricing and fee information.

How do I make an international wire transfer with TD Bank?

To make an international wire transfer from your TD Bank account, you must visit a TD Bank branch in person¹.

This applies to both domestic and international transfers, as online options are not available. Locate your nearest branch using the bank locator, schedule an appointment, and bring the necessary details for providing TD Bank with your international wire instructions.

Additionally, you can inquire about TD Bank's wire transfer limits, intermediary bank fees, and exchange rates.

What information is needed for an international wire transfer with TD Bank?

To send an international wire transfer with TD Bank, make sure you have the following information ready for your appointment:

  • The recipient’s name
  • The recipient’s address
  • Their bank account number or IBAN
  • Their bank’s full name and address
  • Their bank’s SWIFT/BIC number

Also make sure you know the amount you want to transfer, and the currency. Talk to a teller in the store to be guided through the process.

How to receive money from abroad with TD Bank?

You can also receive international wire transfers into your TD Bank account. Here’s an overview of the information you’ll need to give the person or organization sending you money. However, bear in mind that it can vary depending on whether the money is being sent in US dollars or another currency.

  • The TD Bank address for international wire transfers - you can use TD Bank, Wilmington, Delaware⁴.
  • Your TD Bank account number
  • Your name and address as registered on your TD Bank account statement
  • The SWIFT code for your TD Bank branch - find it here.

💡 Need to send or receive international business payments? Get local account details with Wise Business and get paid with ease, just like a local.

Some key features of Wise Business include:
  • Better visibility and organization of business finances. This is helpful for account reconciliations and audits
  • Major local account details for a simple one-off fee to receive international payments with ease
  • No monthly account fees or minimum balance requirements
  • Receive payments from e-commerce platforms such as Amazon or via Stripe
  • Create invoices using the free Wise invoice generator or invoice templates
  • Accounting integrations, including a QuickBooks Bill Pay connection
  • Batch payment options. Fast payment of up to 1,000 people

Discover the difference between
Wise Business vs Personal

How long does an international wire transfer take with TD Bank?

The amount of time international transfers take always varies depending on where the money is coming from and where it is going.

However, SWIFT payments generally tend to take anywhere between 1-5 days to arrive.

You can request a more accurate timeline for your payment during your appointment at TD Bank.

What are TD Bank's wire transfer limits?

We have researched information regarding TD Bank's wire transfer limits; however, we did not find the specific details on their official website. Wire transfer limits can vary based on factors such as the type of account and individual circumstances.

For the most accurate and up-to-date information on TD Bank's wire transfer limits, it is recommended to contact TD Bank directly.

The bottom line

It’s great that TD bank offers international wire transfers, as some US banks don’t.

Unfortunately, it’ll cost you at least $50³ (not including the likely markup on the exchange rate) and you’ll have to visit a branch in person to set up your payment.

If you need to send money abroad regularly, Wise could be a better solution. You can manage everything online, pay only a small fee² for your transfer and get the mid-market exchange rate. Plus, there are no hidden costs to worry about.

Learn more about Wise


Sources:
  1. TD Bank - Foreign Exchange
  2. Please see Terms of Use for your region or visit Wise Fees & Pricing: Only Pay for What You Use for the most up-to-date pricing and fee information.
  3. TD Bank - Personal Fee Schedule
  4. TD Bank - Information on Receiving an International Wire
  5. Eligibility is subject to verification of customer's identity.

Sources checked on 24 May 2023


Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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