Your guide to ordering foreign currency online with TD Bank

If you need foreign currency for travel, business, or international transactions, TD offers foreign currency services to order online and pick up at a branch. However, there are fees and exchange rate markups to consider.

In this guide, we’ll walk through how to order foreign currency from TD Bank, the fees involved, and any limits you should know about. We’ll also explore Wise as an alternative, offering over 40 currencies at the mid-market exchange rate with transparent, low fees.

How to order foreign currency online at TD Bank

If you’re a TD customer, you can order foreign currency online in over 50 currencies through EasyWeb and pick it up at your preferred branch within 3 to 7 business days¹.

Ways to order foreign currency from TD:

1. Online (EasyWeb): Log in to TD EasyWeb, place your order, and pick up your currency at your chosen TD branch within 3-7 business days.
2. In-branch: US dollars, Euros, and British Pounds are stocked at most TD branches. Other currencies must be ordered in advance.
3. TD Foreign Exchange Centres: Over 50 foreign currencies and precious metals are available for immediate purchase.
4. By phone: Call 1-866-222-3456 to order your foreign currency for branch pick-up.

Once your trip is over, you can return to any TD branch to exchange any unused foreign currency cash back into Canadian dollars.

How to order foreign currency on the TD app

TD customers can easily order foreign currency cash directly from the TD app². The process is quick and convenient, allowing you to select your preferred currency, set the amount, and choose a branch for pickup—all from your phone.

Steps to order foreign currency on the TD app:

Step 1. Open the TD app and select More from the navigation bar.

Step 2. Tap Banking Services, then choose Order Foreign Currency.

Step 3. Enter the amount you want to exchange:

• The "I have" field defaults to CAD and cannot be changed.
• The "I want" field defaults to USD but can be changed to other currencies.

Step 4. Use the dropdown menu or search by currency code or name to select a different currency. The foreign exchange rate will appear below the amount.

Step 5. Choose the account from which you want to withdraw.

Step 6. Select a branch to pick up your cash from. Once you've decided on a branch, select Send My Currency Here.

Step 7. Enter your contact information.

Step 8. Review your order and if everything looks good, tap Order Now.

Once your order is placed, you’ll receive a confirmation number and can view your receipt in the app. Your currency will be ready for pickup at the selected branch within 3-7 business days.

How to order foreign currency on TD EasyWeb

If you prefer to order foreign currency online using a desktop, TD EasyWeb allows you to do just that. You can place an order directly from your bank account, choose from over 50 foreign currencies, and pick up your cash at a TD branch within 3-7 business days³.

Steps to order foreign currency on TD EasyWeb:

Step 1. Log in to TD EasyWeb.

Step 2. From the My Accounts > Accounts screen, select the account you want to use.

Step 3. On the Account Activity page, click the Manage tab.

Step 4. Select Order Foreign Currency from the options.

Step 5. Choose your desired currency from the dropdown list.

Step 6. Click Next to proceed.

Step 7. Enter either the amount in foreign currency or the equivalent in Canadian dollars (minimum order: $100 CAD).

Step 8. Select the Debit From account to withdraw funds.

Step 9. Enter the branch transit number where you want to pick up your order.

Step 10. The email address on file will be used to notify you when your order is ready.

Step 11. Click Next to review your details, then click Finish to place the order.

Good to know:

• Orders are verified within 24 hours.
• Funds are only debited once the order is processed.
• Orders cannot be cancelled once placed.
• If not picked up within 4 weeks, the foreign currency will be converted back to CAD at the current exchange rate and deposited into your account.

What are the fees for ordering foreign currency at TD Bank?

When ordering foreign currency through TD Bank, the total cost depends on currency conversion fees, exchange rates, and account-related transaction fees⁴.

• If you transfer funds between accounts that hold different currencies, TD will convert the currency at its own rate, which includes a built-in margin.
• Keep in mind that the foreign exchange rate fluctuates throughout the day and is only valid for one minute when shown on EasyWeb.
• A foreign exchange transfer completed using EasyWeb is considered a self-serve transaction, and depending on the type of account you have, regular account transaction fees may apply.

While TD doesn’t provide a fixed exchange rate online, the bank likely applies its own markup on the mid-market exchange rate.

Convert your money to over 40 currencies with Wise

With Wise, you can convert and hold money in over 40 currencies while always getting the mid-market exchange rate, which is also known as the interbank rate. Unlike banks that add hidden markups to currency exchange, Wise ensures you get the real exchange rate, with conversion fees starting at 0.48%⁵.

Want to exchange money at the best possible rate? The auto-conversion feature lets Wise convert your funds only when the exchange rate hits your desired rate. It’s free to open a Wise account, and you can also order a Wise card to spend like a local in over 150 countries when you’re abroad, all while avoiding high foreign transaction fees.

Get your free Wise account in a few clicks >>>

What are the limits for ordering foreign currency online at TD bank?

TD Bank imposes certain limits⁶ on foreign exchange transfers and foreign currency orders, depending on your account type.

• EasyWeb foreign currency orders: A minimum order amount of 100 CAD applies⁷.
• TD Canada Trust Accounts: You can transfer up to 35,000 USD per transaction
• TD Waterhouse Accounts:
• Transfers between brokerage accounts with the same six-digit account numbers: Up to 250,000 CAD or USD.
• Transfers to any other linked account: Up to 50,000 CAD or USD.
• After 7:00 PM (EST): Foreign exchange transfers are limited to 35,000 USD per transaction.

Finding the best way to get foreign currency

Ordering foreign currency online with TD Bank is a convenient option, especially for existing customers who prefer handling transactions through EasyWeb or the TD app. With over 50 foreign currencies available and multiple ways to order, TD makes foreign exchange easily accessible, but exchange rate markups and potential fees can add to the cost.

If you're looking for a more cost-effective alternative, Wise lets you convert money at the mid-market exchange rate, with fees starting at 0.48%. Plus, with a Wise card, you can spend like a local in over 150 countries for ultimate travel flexibility.

Sources:

1. Foreign Currency Exchange Services | TD Canada Trust
2. How do I purchase foreign currency cash on the TD app?
3. How do I purchase foreign currency cash in EasyWeb?
4. TD Bank fees
5. Wise Fees & Pricing: Only Pay for What You Use
6. TD Bank EasyWeb FAQ
7. How do I purchase foreign currency cash in EasyWeb?