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Hi. Is it possible to receive money from someone in the US via ACH to either a TD Select Service or US-dollar Daily Interest Chequing account? If so, is there a fee for this service? Thanks.
February 8, 2013 01:37:23 PM
In reply to Ray, Toronto
Hi Ray, thanks for connecting with us on TD Helps.
TD Canada Trust customers can have Direct Deposits and preauthorized payments set up to their Canadian and U.S. Dollar Accounts from financial institutions in the United States. This process is set up by the depositor with their local Federal Reserve ACH (Automatic Clearing House): https://www.Sacha.org/.
To use this service, the US financial institution would contact the Federal Reserve Bank to initiate these transfers. The depositor will only need to provide your institution number (004 for TD Canada Trust), your transit number and account number. You should not need a routing number to complete an ACH transfer, however, if you are being asked for one, it would be "026 009 593". There is no fee for the credit to your account if made in this manner.
If the funds are directed to your US Dollar Account, they will remain in US dollars, and not be exchanged.
If you have any other questions, please give us a shout anytime at 1-866-222-3456. Representatives are available 24 hours a day to assist.
Hope this helps with your ACH transfer, and stay indoors as “snowmageddon” is on its way to Toronto. ^SL
Social Customer Service, London
February 8, 2013 01:57:56 PM
In reply to Social Customer Service, London
Hello - I am working with a client of yours - ABA for ACH Transfers 026009593 that you mention in the above is a Bank of America Wire ABA, not TD's - what is the US domestic ACH ABA for a client to use for TD Canada customers?
February 8, 2016 02:13:01 PM
In reply to JP, Austin
Thanks for visiting TD Helps, JP.
TD Canada Trust does not have its own ABA number. ABA numbers are not used by Canadian banks, but are commonly used by banks in the USA. Incoming transfers to TD Canada Trust in US Dollars are processed through our US Correspondent Bank, which is Bank of America.
If you are required to provide an ABA number, it will be "026 009 593" as mentioned above.
Let us know if you have any other questions, JP. Have a great week ahead!
February 8, 2016 02:56:45 PM
In reply to Andrew, London
The issue is that ACH ABA at Bank of America is for US domestic wires. We have this confirmed with BofA and they agree any ACH using this ABA will be rejected. Can you find out what the ABA for ACHs for sure (it is not 026009593)? If you google that #, you will see it is definitely for wires only. THANKS!!
February 8, 2016 04:06:05 PM
We certainly appreciate your response, JP.
As there's no ABA number to offer being a Canadian Financial Institution, please have the initiating bank in the U.S. contact their Federal Reserve Bank to complete an ACH transfer.
They will only need to provide our institution number (004 for TD Canada Trust), and the recipient's transit number and account number. TD customers can obtain their account information directly within their EasyWeb profile: http://td.intelliresponse.com/tdvisa/index.jsp?requestType=NormalRequest&source=6&id=225&question=Where+can+I+find+my+account+number+and+information+about+direct+deposit+or+debit .
If they need to verify account numbers, please have them call us at 1-866-222-3456 (available 24/7) or visit in branch (http://www.tdcanadatrust.com/customer-service/contact-us/branch-locator/index.jsp ) for immediate assistance.
I hope this direction helps with the success of ACH transfers, JP. Take care.
February 8, 2016 05:28:47 PM
In reply to Jasmine, London
What is the 'transit number' they should use? We know the account number
February 8, 2016 06:39:26 PM
Thanks for following up with us, JP.
TD Canada Trust customers can find their account information by following these steps:
*Login to EasyWeb
*Select My Accounts then Accounts for the top menu.
*Scroll down until you see Looking to set up a Direct Deposit? on the left side of the page.
*Click on the heading to open the details window.
*From the drop down menu, select the account you want the deposit to go into. Then select Go.
*You will then see a page with your Transit (branch) number, Institution Number (for TD Canada Trust) and your Account Number that you need.
Please let me know if you have any other questions, we're always happy to help if you need anything.
Have a nice night!
February 8, 2016 09:35:58 PM