TD Bank USD account overview

You can store your USD in a savings account and enjoy no monthly fee and a daily interest calculation!

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How to create a USD account with TD Bank

TD Bank allows you to apply for a USD account online in just a few minutes. You’ll need a valid email address to begin the application. If you are already a TD customer, some of your information may be pre-filled to make the process faster.

Step 1: Enter your full name and date of birth.
Step 2: Provide your phone number and enter your email address twice for confirmation.
Step 3: Enter your full address manually or use the lookup service to detect it automatically, then confirm how long you have lived there.
Step 4: Select your employment status (employed, student, or other) and provide the start date for your role or studies.
Step 5: Confirm whether you are a resident of Canada for tax purposes or any other country.
Step 6: Review your full application and click Continue to consent to a credit check.
Step 7: Provide the purpose for opening the account.
Step 8: Choose how you want to receive statements (online, paper, or none).
Step 9: Set up your online banking username and password.
Step 10: Review legal disclosures and verify your identity by uploading documents online or visiting a branch. Your bank card will be mailed so you can start using your account.

Key features

The TD Bank US dollar account allows you to earn daily interest and manage your funds with no monthly fees.

Interest earned on your US dollars

Zero monthly fees

Seamless transfer of funds if you bank with TD Bank

Discounted travel medical insurance

TD bank account fees

TD Bank offers many different accounts, so fees may range from 0 to 100+ monthly. Here is a summary of how much you may incur when you use TD Bank for your business transactions:

Monthly Fees:

TD Bank charges ZERO monthly fees.

Interest Rate:

Account holders benefit from a rate of 0.01% paid on balances of 1,000 USD or more.

Minimum Balance:

To avoid transaction fees, TD Bank requires a minimum balance of 1,500 USD per month. If this balance is not met, each transaction incurs a fee of 1.25 USD.

We’ve got more to offer

TD Bank offers bundled accounts that make it easy and seamless for you to manage your finances by having all your money in one place. TD Borderless Plan is a special offer from the bank that is geared toward people who travel to the US frequently.

This is how the benefits of the Borderless account work.

Online fund transfers between your TD Canada Trust Canadian and US dollar accounts are quick and secure.

With the TD All Inclusive Banking Plan, there is a monthly fee of only 1.95 USD.

Refund on credit card fees for the US credit card.

You can get a monthly fee rebate for maintaining a 3,000 USD minimum balance.

Unlimited transactions allowed.