Question about Custom House Transactions

[redBlue 1]

I will be transfering some money in US dollar from TD Canada to ING Direct USA via custom house and I was wondering If TD canada is going to charge me anything for this transfer.

If you go to the TD Canada and ask for wire transfer they do charge it based on how much you are transfering ,but not sure if u are doing this via custom house..

[Flames9_RN 358]

of course it could vary from bank to bank!! In Canada I have president choice, and in the USA I have USAA. As long as i do it Electronically (EFT) I get charged no fees but either bank! But yes, if one wants the $$$ quicker, one has to go the Wire route and yes then your banks will charge a fee.

An EFT transaction takes anywhere from 3-7 business days, again depends on the bank and sometimes the very 1st transaction with an account can take a bit longer

[trailmix 77]

If your account at ING is a savings account, you can't use Customhouse.

[Krikit 1,163]

The transaction at the TD end is exactly the same way you would pay a bill online using their system..... so no fee.

[Krikit 1,163]

If you go to the TD Canada and ask for wire transfer they do charge it based on how much you are transfering ,but not sure if u are doing this via custom house..

You don't do the wire transfer at the TD end. That is done through CH and there is a $25 charge (last time I did it). Basically you go to "Pay Bills" on TD, pay yourself at CH, then CH receives the payment and deducts the wire transfer fee before sending it on to your US account. That's if you want a same day transfer. There's no fee if you're using the regular EFT, like Flames says.