TD Bank Large Money Transfers 2025 Guide: the How-to, Limits & Fees 

TD Bank Global Transfer service allows customers to send money through the online and in app banking service, to bank accounts, eligible Visa cards and for cash collection in 200+ countries and regions globally. Availability, fees and limits depend on the type of payment you want to make.

This guide looks in particular at the limits, fees and process for TD Global Transfer via EasyWeb Internet Banking and the TD app. Bear in mind that this may be different to the process and prices for sending a bank wire.

If you intend to send a bank wire, take a look at your account fee schedule to check the costs, and visit a branch to process your payment.

To help you decide if the TD Bank Global Transfer service is right for you, we'll also touch on a couple of alternatives which you may want to compare - Wise, OFX and Xe Money Transfer.

Quick summary: TD Bank Global Transfer limits

• TD Bank Global Transfers are available to send money to bank accounts, eligible Visa cards and for cash collection

• The limits and fees vary depending on the type of payment you want to make - this service sits separately to the standard bank wire service which is offered in branches

• You can arrange your TD Bank Global Transfer in the TD app or online banking service, and coverage depends on the specific payment type

• TD Bank has variable fees which can include markups added to the exchange rate used for currency conversion

• You may find you can get a simple and cheap transaction experience if you choose a provider like Wise or OFX instead of using your bank

TD Bank does have a broad range of ways to send payments to people overseas. This allows you to pick the one which best suits your needs.

However it's worth knowing that payments have variable fees and delivery times.

Depending on how you want your recipient to get the money in the end you might find that alternative providers like Wise or OFX can offer a cheaper, faster or more convenient service.

Can you send high value international transfers with TD Bank?

Yes. There are different limits on the various methods of sending TD Bank Global Transfers.

The lowest limits apply to sending payment to Visa cards, while the highest limits are on deposits to bank accounts overseas.

Limits reset every 24 hours. This guide looks at all the details you need to decide if this service is right for you.

TD Bank high amount transfer fees

TD Bank Global Transfer fees vary depending on the payment type. There's no fee to send a payment to the US to a bank account, or an eligible Visa card.

For payments to bank accounts and Visa cards in other countries, there are variable fees which you'll be shown when you set up your payment.

TD bank states that Global Transfer fees can be up to 25 CAD per payment. Bear in mind that wire fees may be different to this - and usually higher at 50 CAD per payment - so do check your own account's terms and conditions carefully.

If you're sending money for cash collection, the fee you pay is decided by Western Union. You'll see it when you set up your transfer.

In all cases, in addition to the transfer fee you may also pay costs included in the exchange rate, and third party fees. Third party fees may go to the recipient's bank for example, depending on their own account details.

We'll look at how to spot any relevant exchange fees in just a moment.

TD Bank exchange rate for international transfers

Banks like TD Bank set their own exchange rates - or in some cases, they may work with partners like Western Union to offer the exchange rates available to retail customers. It's common to find that the rates set by banks include a markup, which is a fee.

This is a percentage added onto the mid-market exchange rate that you'll see on Google or with a currency conversion tool.

Because it's a percentage it may not look very big, but it can mount up very quickly if you're sending a high amount overseas.

Compare the rate you get from TD Bank against the mid-market rate for your currency, which you can find online. It's then worth shopping around to see if other providers, like Wise and OFX can offer you a payment service which uses a rate at or closer to the mid-market rate for your currency pair.

If you can find a better rate, this can keep down your overall payment costs.

Is TD Bank safe for large amount transfers?

TD Bank is a large and trusted bank which is safe to use, even for high value payments.

When you use the TD Global Transfer service you'll log into your account online or in the app, using secure log in protocols, and payments are secured with industry level measures to ensure your money and your account is safe at all times.

TD Bank Global Transfer limits

TD Bank money transfer limits depend on the type of TD Bank Global Transfer you need to make. Limits are set per day - here's what you need to know about the TD Bank Global Transfer limit by payment type:

Details correct at time of research - 3rd April 2025

Alternatives to TD Bank with higher transfer limits

TD Bank may be able to offer higher payment limits if you use their standard wire service.

However, this may also mean paying higher fees. If you need to make a higher value payment, or if you just want to compare your options to check you're getting the best available deal, there are plenty of alternatives to TD Bank out there.

Here we've picked out OFX, Wise and Xe Money Transfer as some services you might want to look at, which can support high value payments online and in app, with good exchange rates and low overall costs. Here's how they measure up:

*Other limits may apply, depending on the payment method and destination country

Details correct at time of research - 3rd April 2025

OFX

OFX allows customers to send money in 50+ currencies, all over the world. OFX does not charge any transfer fee on payments which are over 10,000 CAD in value, although there is a fee included in the exchange rate that's used to process your payment.

 There's no upper limit on the amount of money you can send with OFX. If you're sending a high value payment you may need to talk it through with OFX using their 24/7 call line, to make sure you have all the right information and documentation to support your transfer.

Some banks have a daily or per transfer limit on the amount you can send. If your bank imposes a limit, OFX can accept partial payments for a transfer - so you can make several bank transfers to pass OFX the full amount required for processing.

Wise

Wise offers high value payments for individuals and businesses to 140+ countries, with the mid-market exchange rate and low fees from 0.48%.

Wise is a secure provider which also offers volume discounts on fees, so the costs could be reduced if you use the service regularly or if you're sending a large amount.

Wise transfer limits when sending in CAD depend on how you want to pay:

• You can send up to 9,500 CAD per day and 30,000 CAD weekly by direct debit.

• You can send up to 3,000 CAD per transfer by debit or credit card.

• You can send up to 1.5 million CAD by online bill payment and wire transfer.

• You can send up to 25,000 CAD by Interac e-Transfer

If you send more than the currency equivalent of 20,000 GBP a month (around 35,000 CAD) you could get an automatic discount of up to 0.17%. There's no need to pre-arrange the fee.

Here's how the Wise high value payment discounts break down:

Xe Money Transfer

With Xe Money Transfer you can send a payment online or in app to 130+ countries from Canada, for personal or business use.

Xe has a fixed limit of 600,000 CAD or the currency equivalent per personal payment. This limit does not apply on business transfers.

Xe does not market volume discounts on fees or exchange rates, but if you're using the service for a big transfer it may be worth calling them to check if there's a good deal to be had.

How long do large transfers take with TD Bank?

The average transfer speed for high value transfers with TD Bank depends on the Global Transfer type you're making.

Here's a summary:

Details correct at time of research - 3rd April 2025

How to send a large amount transfer with TD Bank

You can send a TD Bank Global Transfer through the TD app or online banking service. In either case you need to register for the service the first time you use it.

Here's how to send a large amount transfer with TD Bank, through the app:

1. Log into the TD Bank app and tap Send Money

2. Register by tapping the Accounts screen, then the TD Global Transfer option - follow the prompts and agree to the terms and conditions

3. Enter the details of your transfer to get an estimate for your payment type

4. Select and confirm transfer method

5. Enter transfer details

6. Review and confirm transfer

Information needed to send large amounts of money with TD Bank

To send money to a bank account with TD Bank Global Transfer you'll be prompted to enter:

• Recipient's bank name

• Recipient's bank account number or IBAN

• Recipient's bank BIC/SWIFT code

• Recipient's name

To send money to a Visa card you'll need to add the Visa card number and information instead of the bank account details.

Western Union payments for cash collection require you to give the sender's name as shown on their government issued ID document.

You're prompted on screen to enter all the required details based on your payment type.

Is it possible to increase TD Bank Global Transfer limits?

TD Bank does not offer information about how to increase your limits for their Global Transfer service.

However, you may be able to send a higher value payment if you set up a standard wire payment in a TD Branch.

How to increase TD Bank Global Transfer limits

Contact the bank to check their advice on how to send your payment if it exceeds the limits for a Global Transfer.

Depending on the payment value you may be asked to visit a branch to send a wire instead.

How to receive large transfers with TD Bank

To receive a payment in CAD to your TD Bank account you'll need to give the sender the following information:

There's a fee of 17.5 CAD for incoming wire payments.

Alternatives to TD Bank for receiving large payments

Receiving a large value payment to your TD Bank account is hassle free but can mean paying an incoming wire fee.

Transfers to your bank are also not always the fastest or cheapest option. If your sender is overseas, for example, you may find you get less than you expect because of third party charges involved in sending the payment via SWIFT.

You may avoid some of these costs if you choose to receive your payment to a specialist account which lets you receive payments in a foreign currency instead:

Wise Account Review: Receive money with local and SWIFT account information in 20+ currencies, with quick payment options and low or no fees. Hold, send, or spend your money as you choose, with mid-market exchange rates

Airwallex Account Review: receive business payments in 20+ currencies with local account details. There's no fee for incoming payments, and you can then use your balance to pay contractors and suppliers, to transfer out to your CAD account at home, or to hedge against future exchange rate moves.

TD Bank business payments limits

TD Bank offers several different business banking products - each has its own fee schedule, and the limits which apply may vary depending on your business needs and the account type.

TD Bank offers services via business banking managers who can help you understand the right account type for your specific business needs, and the limits and fees which apply.

TD Bank customer support for high amount transfers

You can talk to TD Bank staff in your local branch, or open a chat through the secure messaging service which is offered online and in the TD Bank app. If you'd rather give the team a call you can do so as follows:

• English language support: 1-866-222-3456

• French language support: 1-800-895-4463

Conclusion: Does TD Bank have transfer limits?

TD Bank Global Transfer payments have limits which depend on the type of transfer you're making. You can send to bank account and Visa cards, or for cash pick up though Western Union. If the limit which applies is too low for your needs you can also go to a branch to send a wire in person - but higher fees do apply here.

You might find you can arrange a smoother, cheaper and faster payment when sending internationally, with a specialist digital provider like Wise or OFX. Both allow you to set up transfers overseas with nothing more than your phone, 24/7, and offer low fees and great exchange rates. Use this guide to compare your options and pick the most convenient service for you.

TD Bank Global Transfer limits FAQs

How much can I transfer with TD Bank internationally online?

The TD Bank Global Transfer limit depends on the type of payment. If you're sending to bank accounts you can send up to 6,500 CAD, for cash collection you can send up to 999.99 CAD and to eligible Visa cards you can send up to 2,500 CAD. Limits are per transaction and per 24 hours.

What is the maximum amount you can transfer abroad with TD Bank?

 In a single payment through TD Bank Global Transfer, you can send up to 6,500 CAD. If you need to send more you can do so by visiting a branch and arranging a wire.

How can I increase the TD Bank maximum transfer limit?

Contact the bank to check their advice on how to send your payment if it exceeds the limits for a Global Transfer. Depending on the payment value you may be asked to visit a branch to send a wire instead.