Ways to support loved ones from a distance: Easy ways to send international money transfers

Credit to Author: Staff Writer| Date: Mon, 03 May 2021 12:00:47 +0000

Mother’s Day is fast approaching; however, this year’s celebrations may look different than previous years. As Canadians continue to be separated from their loved ones across the globe due to physical distancing measures and border controls caused by the COVID-19 pandemic, they may be looking for alternate ways to support their loved ones and take care of those who took care them.

TD Global TransferTM, an innovative digital marketplace, enables TD customers to send international money transfers safely and securely in more ways to more places.

“The last time I saw my parents was two years ago. If you want to help your family in India, you have to be able to send money to an Indian bank account. In the future, you can use TD Global Transfer to make it easier to take care of those who took care of you,” says Sheetanshu Tiwari, originally from India.

For those Canadians sending money to loved ones abroad this Mother’s Day, like Sheetanshu Tiwari Family who is 11,948 km apart from his loved ones, TD Global Transfer provides TD customers with the choice of three simple and convenient ways to send money digitally through EasyWeb or the TD app:

  1. Send money directly to a recipient’s bank account in more than 150 countries and territories.

Staying within the comfort and safety of home might be a top priority for your family and friends abroad right now, so sending money directly to their bank account might be an important and convenient way to do so.

“We’re living in a time when it’s critical to provide customers with digital options and we want our customers to be able to send money to their friends and family safely and efficiently,” said Frank Psoras, Senior Vice President, Money In Solutions at TD.

With TD Global Bank Transfer, you can send money abroad using your eligible TD Canadian or U.S. dollar personal chequing, savings or line of credit accounts to fund a transaction. Your money transfer will be directly credited to your recipient’s bank account once the transfer is complete.

  1. Send money directly to a loved one’s eligible Visa Card with Visa Direct.[1]

“With TD Global Transfer, we are delivering a seamless digital platform where TD customers can send money internationally, allowing the sender to shop and choose the method of delivery based on a variety of factors, such as cost, speed, and recipient experience,” said Psoras.

And with Visa Direct, TD customers can send money to their loved ones’ eligible Visa Debit Card2, Visa Credit Card2 or Reloadable Prepaid Visa Card2 in over 170 countries and territories.

This flexible transfer option gives customers the freedom to help pay down the balance of their loved one’s credit card, top-up a reloadable prepaid card or provide them with additional funds that will be added to the cardholder’s bank account through a Visa Debit Card.

The recipient usually receives funds within 24-48 hours.3,4 

  1. Send money for cash pick up at a Western Union®agent location.

Does your relative or friend prefer to receive their funds in person? No problem.

You can send money directly from your eligible TD account for cash pick up5 at more than 500,000 Western Union® agent locations in over 200 destination countries and territories, that way your loved ones can pick up your international money transfer conveniently, and typically in as little as 2-4 hours.6

“TD is committed to offering customer-centric solutions and TD Global Transfer is one way we’re able to empower our customers by offering convenience and choice. At a time when Canadians can’t be physically with their loved ones, this innovation grants customers the ability to securely send money internationally to family and friends in a way that’s easy for them and convenient for their recipient,” said Psoras.

To learn more about the money transfer options available through TD Global Transfer, including information about recipient countries, currency exchange rates, transfer fees and transaction times, visit td.com/globaltransfer  

[1] Certain restrictions apply in the U.S. and other regions. See TD Global Transfer Terms of Use for further details.
 2Most Visa credit, debit and reloadable prepaid cards around the world are eligible. However, certain countries and financial institutions may choose not to accept these transactions due to local regulatory or other restrictions. Also, certain reloadable prepaid products may be restricted from receiving Visa Direct payments such as reloadable youth prepaid cards, government disbursement cards and Visa travel cards.
3 Estimated delivery time varies by country and will be displayed to you at the time of transaction. Transfer may be rejected, frozen or held due to regulations, policies and/or laws. Actual timing for funds availability varies by financial institution and depends on various factors, including regulations in the destination country, currency, amount of transfer, fraud screening in destination country and/or any other reason beyond the control of TD.
4 Recipient financial institutions may make funds available to the recipient account within 30 minutes. . 5 Western Union® Agent locations may also make alternative pick-up options available to the recipient 6Service timing and funds availability depends on certain factors including the Service selected, the selection of delayed delivery options, special terms applicable to each Service, amount sent, destination country, currency availability, regulatory issues, consumer protection issues, identification requirements, delivery restrictions, agent location hours, and differences in time zones.

Sponsored by TD Bank

The post Ways to support loved ones from a distance: Easy ways to send international money transfers first appeared on Canadian Immigrant.
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