Help Print 

Contents | Index

When are Transfers processed?

TD Canada Trust Banking Transfers

There are two types of banking transfers available:

  1. Same currency transfers - between two Canadian dollar accounts, or between two US dollar accounts. (This includes Email Money Transfers on EasyWeb.)

  2. Foreign exchange transfers - between a Canadian dollar and a US dollar account, in either Canadian or US dollars. (Available through EasyWeb only.)



TD Waterhouse Brokerage Accounts

Transfers to or from a TD Waterhouse account (including Foreign Exchange transfers), that are made before 8:00 p.m. ET (5:00 p.m. PT), Monday to Friday, will be withdrawn from your account and deposited to the receiving account immediately, dated the same business day. The balance of your TD Waterhouse account will be updated on EasyWeb the morning of the next business day.

Transfers to or from a TD Waterhouse account (including Foreign Exchange transfers), made after 8:30 p.m. ET (5:30 p.m. PT), Monday to Friday, or on Saturdays, Sundays, and statutory holidays, will be processed and dated the morning of the next business day. The balance of your TD Waterhouse account will be updated on EasyWeb the morning of the second business day.

Transfers to or from a TD Waterhouse account are not available between 8:00 p.m. ET and 8:30 p.m. ET, Monday to Friday.

Please note: Funds transferred to your TD Waterhouse account can be accessed for trading before the transfer is displayed in your balance in EasyWeb, by calling a TD Waterhouse Investor Services Office at 1-800-465-5463.

Examples:

  1. On Tuesday November 19, 2002 at 1 p.m. ET you transferred $2,500.00 from your TD Canada Trust chequing account to your TD Waterhouse Self-Directed RSP account. The $2,500.00 would have come out of your TD Canada Trust account immediately, and your balance in your Self-Directed RSP account would have reflected the transfer the following business day, Wednesday November 20, 2002.
  2. On Friday November 22, 2002 at 9:30 p.m. ET you transferred $1,000.00 from your TD Waterhouse Canadian Cash Account to your TD Canada Trust chequing account. The $1,000.00 would have been processed and credited to your TD Canada Trust account the following business day, Monday November 25, 2002. Your TD Waterhouse Canadian Cash account would have reflected the transfer on Tuesday November 26, 2002.
  3. How Do I Transfer Funds?