Can i transfer money from my td account to another bank

Can i transfer money from my td account to another bank

TD Bank has recently launched person-to-person payment and external transfer services, providing customers with an option to transfer money to accounts at any US bank or to other people.

The services are available for all eligible personal banking accounts that are enrolled in TD Bank online banking and will give customers the option to schedule one-time, future-dated or recurring transfers to or from their own non-TD Bank accounts, send money to another person’s TD Bank or non-TD Bank account.

TD Bank has partnered with Fiserv to offer Popmoney to provide customers P2P payment options, complementing the bank’s convenient online banking tools.

“Customers want services that make banking easier for them,” said Rizwan Khalfan, Senior Vice President, Digital Channels, TD Bank Group. “Secure ways to manage their money online is increasingly important to people, and these services help meet the needs of their on-the-go lifestyles.”

Whitepaper

The bank’s external transfer service will enable customers to use their eligible TD Bank accounts to transfer funds to or from their transaction accounts outside of TD Bank.

“From writing a check to using Bill Pay or Popmoney, we’ve given our customers choices so they can bank how they want, when they want.” said Nandita Bakhshi, Head of Retail Distribution and Product for TD Bank.

Whitepapers

Fund your account and get started trading in as little as 5 minutes

We offer a variety of ways to fund your TD Ameritrade account so that you can quickly start trading. Whether depositing money, rolling over your old 401k, or transferring money from another brokerage firm, discover the method that's right for you and get started today.

How to fund

Choose how you would like to fund your TD Ameritrade account. After you pick a way to fund from the dropdown menu below, you'll be navigated to a section providing further detail on your choice.

I am here to

Electronic bank transfer (ACH)

Make a deposit into a TD Ameritrade account from your bank account. This is how most people fund their accounts because it's fast and free.

Wire Transfer

Transfer funds from your bank or other financial institution to your TD Ameritrade account using a wire transfer.

Deposit via mobile

Take a picture of your check and send it to TD Ameritrade via our mobile app.

Mail in your check

Mail in your check to TD Ameritrade. If your check is more than $10,000, you must mail it in.

401(k): the money is still in my former employer’s plan

If you have money in your former employer's account, you can roll it over into a TD Ameritrade IRA.

I have a check made payable to me

If you already have a check from either your previous 401k or IRA and you've already opened an IRA with TD Ameritrade, first deposit it into your personal bank account, then transfer the money into your TD Ameritrade account.

IRA: I’m transferring assets from another IRA

Fill out an External Transfer Form or call us and we'll help you move your assets into a TD Ameritrade IRA.

Account Transfer from Another Firm

Get started online and we'll move your assets from your previous investment firm to TD Ameritrade.

Ways to fund

These are the 5 primary ways to fund your TD Ameritrade account.

Can i transfer money from my td account to another bank

Move money in minutes1 – on your phone or online

Split the bill, pay the babysitter or chip in for rent - right from the TD Bank mobile app or Online Banking. Free for TD Bank Customers, Send Money with Zelle® is an easy way to move money between family, friends or anyone you know and trust.1

Here's how to use Send Money with Zelle®

Get started

TD Bank checking or money market Customers can enroll in just a few minutes.

  • Open the TD Bank mobile app or log in to Online Banking (Not enrolled? Sign up now.)
  • Select "Send Money" - in Online Banking you'll find "Send Money with Zelle®" under "Transfers"
  • Review your e-mail address and phone number, and read and accept the Terms and Conditions
  • Select an e-mail address or U.S. mobile number to receive a verification code
  • Enter the code to verify your e-mail address or mobile number
  • We'll show your accounts that are eligible for Send Money with Zelle®
  • You're ready to send and receive money

Send

It's easy to send money.

  • Open the TD Bank mobile app or log in to Online Banking
  • Select "Send Money" - in Online Banking you'll find "Send Money with Zelle®" under "Transfers"
  • In the mobile app, select "Send"
  • Choose the recipient, or select "Add New Contact," and enter their U.S. mobile number or e-mail address - remember, only send money to people you know and trust
  • Enter the amount you'd like to send
  • Select the account from which you would like to transfer money
  • Select "Review," confirm your payment details and select "Send"
  • If your recipient is not already enrolled with Zelle, funds won't be delivered until they enroll

When someone sends you money, you'll get a text message or e-mail. If you're expecting a payment but don't see it under "Activity," make sure the person sending you money has entered the same mobile number or e-mail address you used to enroll in Send Money with Zelle®.

Request

When you request money from someone, you can specify the amount and the reason.

  • Open the TD Bank mobile app or log in to Online Banking
  • Select "Send Money" - in Online Banking you'll find "Send Money with Zelle®" under "Transfers"
  • Select "Request"
  • Choose the person from which you're requesting funds, or select "Add New Contact" and enter their U.S. mobile number or e-mail address
  • If you have added a contact with an account and routing number, you won't see that contact in the "Request" function
  • Enter the amount and select "Review"
  • Enter a reason if you'd like, then select "Request"
  • Let your contact know you have sent the request - they must approve it before funds will be delivered to your TD Bank account

You'll see a confirmation screen, and you'll be notified when the requested funds have been delivered to your TD Bank account.

Note: you can send a request for money to anyone, but the contact must be enrolled with Zelle in order to approve your request.

Split

You can split an amount-like a dinner bill, utility bill or rent-with up to 5 other people.

  • Open the TD Bank mobile app or log in to Online Banking
  • Select "Send Money" - in Online Banking you'll find "Send Money with Zelle®" under "Transfers"
  • Select "Split" to display your contact list
  • Choose the people that are splitting the bill (select up to 5), or select "Add New Contact" and enter their U.S. mobile number or e-mail address
  • If you have added a contact with an account and routing number, you won't see that contact in the "Split" function
  • Enter the total amount you'd like to split between yourself and the contacts
  • Adjust the amount requested from each person if you'd like (your portion will be automatically deducted)
  • Enter a reason if you'd like, then select "Split"
  • Let your contacts know you have sent the request - they must accept it before funds will be delivered to your TD Bank account

You'll see a confirmation screen, and you'll be notified when the requested funds have been delivered to your TD Bank account.

Note: you can send a request for money to anyone, but the contact must be enrolled with Zelle in order to approve your request.

FAQs

What do I need to use Send Money with Zelle®?

All you need to get started is:

  • An eligible TD Bank personal checking or money market account
  • A valid e-mail address
  • A U.S. mobile number
  • A U.S. Social Security number
  • An active TD Bank Online Banking profile (Don't have the app? Download it now.)

To use Send Money with Zelle® and send funds within minutes, you'll need a TD Bank Visa® Debit Card, and your recipient must also be enrolled with Zelle using their registered e-mail address or U.S. mobile phone number.

How do I add Contacts?

To add a Contact in the TD Bank mobile app:

  • Open the app and select "Send Money"
  • Select "Settings," and then select the "Contacts" tab
  • Select "Add New Contact"
  • Enter the person's name, then select the contact information you'd like to enter: U.S. mobile number or e-mail address
  • After you enter the information, select "Save"

To add a Contact in Online Banking:

  • Log in to Online Banking and select "Send Money with Zelle®" under "Transfers"
  • Select "Add New Contact"
  • Enter the person's name, then select the contact information you'd like to enter: U.S. mobile number or e-mail address
  • After you enter the information, select "Save"

How do I view my transaction history?

  • Open the TD Bank mobile app or log in to Online Banking
  • Select "Send Money" - in Online Banking you'll find "Send Money with Zelle®" under "Transfers"
  • Select "Activity"
  • In Online Banking, all pending and past activity will appear on one page - in the mobile app you can toggle between the two tabs

Disclosures

1Send Money with Zelle® is available for most personal checking and money market accounts. To use Send Money with Zelle® you must have an Online Banking profile with a U.S. address, a unique U.S. mobile phone number, an active unique e-mail address, and a Social Security Number. Your eligible personal deposit account must be active and enabled for ACH transactions and Online Banking transfers. To send money for delivery that arrives typically within minutes, a TD Bank Visa® Debit Card is required. Message and data rates may apply, check with your wireless carrier.

For more information, read the Terms and Conditions.

Must have a bank account in the U.S. to use Send Money with Zelle®. Transactions between enrolled Send Money with Zelle® users typically occur in minutes. If your recipient is not yet enrolled with Zelle®, it may take between 1 and 3 business days after they enroll.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

How much does it cost to transfer money from TD Bank to another bank?

TD Transfer Fee is up to $25 per transfer. The transfer fee amount is dynamic and will vary depending on the amount being sent, the recipient country and the currency of the account funding the transaction.

Can I transfer money from one of my bank accounts to another of my bank accounts?

You can transfer money to accounts you own at the same or different banks. Wire transfers and ACH transfers allow you to move money between your account and someone else's account, either at the same bank or at different banks. You can also transfer money to mobile payment apps or friends and family via those apps.

How long does it take to transfer money from TD to bank?

Funds typically will be received same day, as long as your wire transfer is received by the system before 5pm ET.

How do I transfer money from TD to BMO?

Step 1: Go to Transfers page. From the Accounts screen, select the Transfers option from the left menu. ... .
Step 2: Enter transfer information. Choose the account you want to transfer funds from using the Select From Account dropdown menu. ... .
Step 3: Review and finish..