Chapter 08 · Banking & cards
TD Bank US: USD accounts and Borderless transfers
U.S. subsidiary of TD, Borderless Plan with fee-free Canada/US transfers, $250 minimum.
Direct answer · 60-second summary
The 60-second version
TD Bank US is the U.S. branch of Toronto-Dominion Bank, offering USD accounts, interactive 'Borderless' transfers, and dedicated snowbird service for Canadians. $250 minimum balance (2026).
Acronyms used in this guide
- TD — Toronto-Dominion Bank
- ITIN — Individual Taxpayer Identification Number
- FX — Foreign Exchange
TD Bank US accounts
TD offers U.S. dollar accounts for Canadians traveling or living in the United States:
- TD Bank Convenience Checking — Basic account, free debit, ATM access.
- TD Bank Complete Checking — More features for frequent U.S. travelers.
- Minimum balance (Jan 2026) — $250 USD (increase from $100), no interest if insufficient balance.
- Branch opening requirement — TD now requires a visit to a TD Bank U.S. branch for new accounts.
Borderless Plan and USD/CAD transfers
TD Canada Trust offers the "TD Borderless Plan" for seamless Canada/U.S. account management:
- TD Transfer USD — Zero fee between TD Canada and TD Bank U.S. accounts via Visa Direct.
- Preferred exchange rate — Better rate than standard retail rate.
- USD Daily Interest Chequing — USD savings account with TD Canada Trust earning variable interest.
TD credit and debit cards
- TD Bank Visa Debit — Free, Co-Op ATM access, foreign exchange fee ~2%.
- TD Bank Credit Cards — Standard Visa and rewards, foreign exchange fee 2–3% depending on card.
- ITIN accepted — You can apply without SSN if you have an ITIN.
Dedicated snowbird service
TD is recognized by Canadian snowbirds as the most accessible option:
- Bilingual phone and branch support.
- Mobile app integration (EasyWeb/TD app) for both jurisdictions.
- Established 30+ year track record with Canadians in the U.S.
Every figure, rate, threshold, and deadline in this guide is drawn from a verifiable primary source listed at the bottom of the page. The article is updated whenever the underlying rules change, with a fresh review date stamped at the top.
Sources and references
Public sources verified as of the last review date (IRS, FinCEN, Federal Reserve, FDIC, OCC, RBC/BMO/TD official, CFPB, CRA).
Disclaimer
This guide is for educational purpose only. Figures, rates, thresholds, timelines and rules are drawn from public sources at the date shown and may change.
For any concrete decision, consult a cross-border tax attorney, a cross-border certified accountant, or a credit counselor.