TD bolsters cross-border banking service
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.