|TD CANADA TRUST||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to CAD||NO MINIMUM||5/7 DAYS||2.9%||$1.566|
|EUR € - to CAD||NO MINIMUM||5/7 DAYS||2.9%||$1.396|
|CURRENCIES DIRECT||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to CAD||FROM £100||FROM 1 DAY||0.7 to 1.0%||$1.597 to $1.603|
|EUR € - to CAD||FROM €100||FROM 1 DAY||0.7 to 1.0%||$1.424 to $1.429|
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Save on exchange rate conversions when sending money abroad from your TD Canada Trust bank account in Canadian dollars, UK pounds & euro currencies. TD Canada Trust international money transfers to or from Canada have higher transaction charges, due to a less competitive exchange rate offered by TD Canada Trust. Skip to: Canada Money Transfer Specialists
Typically, sending funds to or from your TD Canada Trust bank account in Canadian dollars (CAD) or UK pounds will involve a margin rate of 2.9% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Sending foreign currency to or from your TD Canada Trust bank account in Canada needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of $100,000 Canadian dollars (CAD) using TD Canada Trust bank services would have a transaction exchange rate margin of around 2.9% – or $2,900 CAD. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only S700 CAD in total, which is a large saving over the bank service.
International money transfers from TD Canada Trust could take longer to arrive than using a private currency exchange provider and you will also need to be an existing TD Canada Trust bank account holder to use their services. TD Canada Trust may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of $5000.
Unless you pay a premium, TD Canada Trust’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
TD Canada Trust (also know as TD) is the banking operation of the Toronto Dominion Bank (TD) in Canada (the company was acquired by TD Bank in 2000). TD Canada Trust offers a range of financial services and products to more than 10 million Canadian customers through more than 1,000 local banking branches.