TD BANK

Opening an account with TD BANK (USA)

Cost for the private persons from 0

Cost for the legal entities from 1500

Opening Term: 2 weeks

Remotely: yes

TD Bank is one of the largest banks in the United States and a subsidiary of the Canadian multinational Toronto-Dominion Bank. TD Bank was established in 1852 as Portland Savings Bank and has changed several names over its 150-year history.

In 2004, the bank was called Banknorth and its main shareholder was the TD Bank Group of Toronto, a group of Canadian financial companies. After Banknorth acquired the American bank Commerce Bank in 2008, the shareholders decided to change the name to the current one - TD Bank. In addition to the new name, TD Bank received a new motto - America's Most Convenient Bank.

TD Bank fully lives up to its motto and is very popular among clients due to its various online services, loyal customer service and financial stability. TD Bank mainly opens corporate accounts for companies registered in the United States. The company's beneficiary can be a non-US resident. First of all, the bank considers clients with an account turnover of USD 1 million or more per year. USD per year. TD Bank opens accounts for US companies without a fee. Within 5 banking days from the date of account opening, a transfer of USD 1500 or more must be made to the account. This amount is the minimum minimum balance. TD Bank also has certain restrictions on transfers in USD: up to USD 25,000 can be transferred within 1 banking day to another account in a US bank.

To transfer funds in USD from an account with TD Bank to an account with a foreign bank in another currency, you must first receive confirmation of the transfer and conversion of funds from a private banker in online banking (one-time transfer of foreign currency in the equivalent of USD 10 000 or more). 

TD Bank adheres to the principle of ‘know your customer’ and reserves the right to request additional documents in each case, which will lead to an increase in the time required to open an account, and may also refuse to open an account without giving any reason.

TD BANK advantages

1

Account in a stable American bank

2

Opening a corporate account without a fee

3

Remote procedure

4

Convenient online banking

General Information

Types of accounts

Corporate accounts.

Personal visit

Identification can be done online.

Service rates

For legal entities, an account is opened without a fee. Account maintenance is free (subject to a constant minimum balance of 1500 USD). If the monthly balance is less than USD 1500, the monthly account maintenance fee is from USD 15 to 50 per month.

Useful information

www.td.com

Stages of account opening

01

Preparation of documents

You fill out our questionnaire and provide us with full information about your activities and counterparties. Along with the questionnaire, you must provide corporate documents of the legal entity and personal identification documents (for the director and beneficiary).

02

Analysis of documents

Our specialists analyze the information and documents provided and fill out TD Bank's questionnaires.

03

Submission of documents

We send the ready-made package of documents for opening an account to TD Bank for review.

04

Passing verification

The director and beneficiary for a legal entity are verified online.

05

Compliance Check

At this stage, TD Bank checks the client and may request additional information about the activity and source of funds.

06

Account opening

The account in TD Bank is opened within 14 business days after the full package of documents is submitted to the bank.

Answers to the Most Common Questions:


Our Contacts

Client Relations Department

+380 73 427-66-30

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

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