TD Bank foreign transaction fees: Complete guide

TD Bank is among the largest banks operating in the US. So what happens when its members cross borders?

It turns out that most customers will pay TD Bank foreign transaction fees when they use a card or get cash abroad. There are some ways to avoid these international fees, but they require access to premium banking products.

We'll also introduce the Wise account, which allows you to send, spend, and receive your money across the globe in over 40 currencies – all at the fair mid-market rate.

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Table of contents

Does TD Bank charge foreign transaction fees? What does Intl txn fee at TD Bank mean? Which TD Bank cards have foreign transaction fees? TD Bank debit card fees TD Bank credit card fees Everywhere money. Meet Wise: the world's most international account How do I avoid foreign transaction fees? TD Bank cards with no foreign transaction fees What are TD Bank's international ATM fees? TD Bank international exchange rates Tips for using ATMs and cards abroad

Does TD Bank charge foreign transaction fees?

With a few exceptions, TD Bank international fees apply to every credit card, debit card, and ATM outside of the US.

TD Bank waives some of these fees for wealthy account holders in their own banking tier, checking account holders with a high running balance, or qualified holders of a travel credit card.

The rest of TD Bank’s members pay foreign transaction fees on card purchases and ATM withdrawals outside the US.

What does Intl txn fee at TD Bank mean?

You might be surprised to see this code on your bank statement: “intl txn fee TD Bank.” This is an abbreviation that indicates that you’ve been charged a TD Bank international transaction fee.

Your TD Bank “intl txn fee” could be from an international wire transfer, a foreign purchase with a credit card, or an ATM withdrawal outside the US.

We’ll review TD Bank international fees and how to avoid them in the rest of this article.

Which TD Bank cards have foreign transaction fees?

Foreign transaction fees are common with debit cards and credit cards from TD Bank. You can expect to pay 3% on every card purchase and cash withdrawal, along with additional ATM fees.

Below, you’ll learn about all the fees you pay while using your card abroad with TD Bank. We’ve also highlighted a few cases where TD Bank waives its foreign transaction fee.

TD Bank debit card fees

TD Bank charges a 3% international transaction fee for all debit card purchases outside of the US.¹ There are only two exceptions¹:

• Debit cards linked to TD Private Client Checking accounts
• Debit cards linked to TD Private Client Savings accounts

Here’s the problem: to open a Private Client account with TD Bank, you need to have at least 750,000 USD to invest or 3 million USD in net worth.²

All other TD Bank debit cards are subject to a 3% international transaction fee.

TD Bank credit card fees

The TD Bank credit card foreign transaction fee is also 3%.

This fee is only waived for TD Bank’s travel-focused credit card, the TD First Class^SM Visa Signature® Card. The TD First Class card is subject to credit approval and has an annual fee of 89 USD. TD waives the fee for the first year.³

If you’re traveling abroad with any other TD Bank credit card, you can expect to pay a premium to swipe for purchases.

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How do I avoid foreign transaction fees?

To minimize paying TD Bank international fees, you have a few options.

First, for big purchases and payments, don’t swipe a card. You’ll probably save money by setting up a TD Global Transfer, which costs a fixed fee. TD Bank also has competitive international wire transfer fees, which are lower than 3% on outgoing payments over approximately 1,700 USD.

💡 For international banking between the US and Canada, TD Bank has a non-resident account that helps Canadians bank more easily in USD.

TD Bank cards with no foreign transaction fees

Here are the debit and credit cards from TD Bank that aren’t subject to a foreign transaction fee.

Card	Foreign transaction fee	Other fees
TD Private Client Checking/Savings Debit Card	0 USD	Must have 750,000 USD in investments or 3 million USD net worth
TD First ClassSM Visa Signature® Card (credit card)	0 USD	89 USD annual fee (waived first year)

Unless you have a high net worth or a premium travel credit card, you’re going to be stuck with a TD Bank foreign transaction fee.

What are TD Bank's international ATM fees?

If you need to draw money out of a bank account in another country, TD Bank will charge a 3% foreign exchange fee. And because you’ll be withdrawing from a non-TD Bank ATM, you’ll also pay a 3 USD fee in most cases.¹

While abroad, when it’s time to accept your conversion rate and withdraw your cash, many ATMs will ask you if you want to be charged in your home currency. This is called dynamic currency conversion (DCC). It sounds helpful and perhaps more affordable. But it only saddles you with a worse conversion rate.

When you’re taking out cash in a foreign country, reject the ATM’s offer of dynamic currency conversion. Always make sure you’re charged in the foreign currency that you want to withdraw, and not USD.

TD Bank international exchange rates

As we just covered, you’ll pay TD Bank foreign ATM fees through a foreign exchange fee and an out-of-network ATM fee. Credit and debit card transactions have their own international fees as well. But TD Bank will also make money on every transaction you make abroad based on the terms of its exchange rates.

The “real” exchange rate — the ratio you see when you search a conversion on Google — is called the mid-market exchange rate. But TD bank will charge a percent markup on that mid-market exchange rate in addition to the foreign transaction fee you’re already paying.

What’s worse, you won’t know what markup TD Bank charged you until you see the final value of the transaction on a bank statement.

Tips for using ATMs and cards abroad

When you’re taking cash from ATMs while traveling internationally, some extra fees are usually inevitable. But you can limit the additional charges you incur by following some simple guidelines.

For example, try to limit the number of ATM withdrawals you make. That will cut down the one-time fees you pay. And look for ATMs that share a global network with your debit card. Before you travel, you can ask your bank what to look out for.

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Unfortunately for globe-trotting TD Bank members and cardholders, TD Bank international fees are hard to avoid. Without an account reserved for well-off customers or a premium credit card, you’re going to pay a 3% surcharge on card swipes and ATM cash withdrawals abroad, along with a 3 USD foreign ATM fee per transaction.

And those fees are just the beginning. TD Bank also charges you a markup on its exchange rate to cover costs. If international banking is a necessity for you, or even a frequent occurrence, it may be worth the effort to find alternatives and avoid those extra fees.

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Sources

1. TD Bank - Personal Fee Schedule
2. TD Bank - Personal Account Maintenance Information
3. TD Bank - TD First Class Terms and Conditions

Sources checked 09/09/2025