TD bol­sters cross-bor­der bank­ing ser­vice

The Pak Banker - - Front Page -

TORONTO

Cross-bor­der shop­ping sprees, reg­u­lar busi­ness com­mutes, sea­sonal ad­ven­tures and study­ing abroad - there are many rea­sons why Cana­di­ans are look­ing for cross-bor­der bank­ing so­lu­tions in North Amer­ica. As the Loonie has risen against the Green­back, so too has the de­mand from Cana­di­ans for US­dol­lar bank ac­counts, ac­cord­ing to TD Canada Trust.

Cater­ing to this de­mand, TD to­day in­tro­duced an en­hanced cross-bor­der bank­ing ser­vice to make it eas­ier for Cana­di­ans who work, live, va­ca­tion or study south of the bor­der to open bank ac­counts in the US, build a US credit his­tory, ap­ply for a US mort­gage and avoid fees when mov­ing money south of the bor­der. Thou­sands of Cana­di­ans cross into the US ev­ery day, and whether it’s for busi­ness or plea­sure, many have unique cross-bor­der bank­ing needs, says Greg Quinn, Vice Pres­i­dent, TD Canada Trust. TD Cross-Bor­der Bank­ing al­lows our cus­tomers to com­plete bank­ing transactions seam­lessly be­tween Canada and the US, mak­ing it more con­ve­nient to pay bills and write cheques for US ex­penses. It also lever­ages both US and Cana­dian credit his­to­ries, mak­ing it eas­ier to ap­ply for a loan or mort­gage.

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