How to open a bank account in TD Bank

GSL reference about the bank What is it?

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

GSL rating

Beginning of cooperation

May, 2014

Last contact

December, 2022

Last update

October, 2022

Primary requirements:
- the bank opens current accounts;
- Advantages:

  • does not require the signatory of the account to have a US Social Security number, TIN or other links to the United States;
  • classic settlement bank;
  • low tariffs, control system via the Internet.

- Disadvantages:

  • opens accounts only for American companies;
  • ... and, therefore, the company must be registered with the American tax office and have an EIN number, and, therefore, keep and file reports in the United States;
  • mailing address and telephone number must be in the United States, since the Bank can call;
  • payments in USD outside the United States are made only with a personal visit to a bank branch;
  • payments in USD within the United States are made without a visit to the branch;
  • payments in other currencies, for example, in EUR, are made to other countries without restrictions;
  • a personal visit is required for an interview
GSL rating
Beginning of cooperation
May, 2014
Last contact
December, 2022
Last update
October, 2022
Your Consultant
Поиск консультанта...

Поиск консультанта...

General information and rating

Not rated
Global rating
Not rated
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1852
History
First opened in 1852 as Portland Savings Bank. Through a series of mergers it became Peoples Heritage Bank in 1983 and some time later took the name Banknorth. It was acquired by TD Bank Group in 2007 as TD Banknorth and was rebranded as TD bank in 2008. Currently, one of the 10 largest banks in the US
Personnel
The bank has more than 27 000 staff
Bank’s shareholders
TD Bank Group
Confidentiality
Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.
Compare banks

    Minimum requirements

    Minimum balance, €
    Transactions permitted per month
    1 500
    Initial deposit of funds, €
    1
    Deadline for the initial deposit, month
    Transactions permitted per month
    There are no restrictions as to the number of transactions
    Initial deposit of funds, €
    The minimum minimum daily balance is 1500 USD (if these conditions are not met, the Bank charges a commission). From the moment the account is opened, a deposit of at least 100 USD is required. If within 30 days the account balance is zero, the account will be closed
    Deadline for the initial deposit, month
    Within first month
    Minimum turnover, €/year
    There are no restrictions as to the minimum turnover

    Tariffs and services

    30
    Outcoming transfer, €
    15
    Incoming transfer, €
    0
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    The fee for domestic payments is USD 25, for international ones – USD 40
    Incoming transfer, €
    The fee for incoming payments is USD 20
    Account maintenance, €/year
    No fee is charged for account opening
    Distant access to the account
    Internet Banking. After the account is opened, the bank sends to the client the account details and the guidelines for connection to Online Banking at the bank’s website where the client needs to register
    Financial products
    The bank offers a good variety of banking products
    Credit/debit cards
    A Debit Card is issued at the time of account opening

    Account opening procedure

    Days to open for incoming transfers
    case by case
    Days to open for outcoming transfers
    case by case
    References
    Not necessary
    Purpose of the account
    Current
    Visit to the bank
    No visit to the bank is required
    Required
    A standard set of corporate documents. Two ID documents (passport and driving license) need to be provided for the company’s owner
    Types of accounts
    Current
    Opening procedure and Due Diligence
    It is possible to open an account without visiting the country where the bank is located
    Chances to open an account
    Predictable
    Business description
    Business description, details of turnover and expected destinations of payment need to be provided

    Banks of USA

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    2 300
    N/A
    N/A
    Need a consultation from a specialist?
    Share on social media:

    Add a comment

    By clicking the «Send» button, you agree to the processing of personal data in accordance with the terms of our privacy policy

    RU EN