New TD app feature makes it easier to move money from another financial institution to TD
TORONTO, Oct. 29, 2026 /CNW/ -- TD has launched a new mobile app experience designed to make it faster and easier for clients to move money from another financial institution into their TD account.
Clients can start the process directly in the TD app, where they can select another financial institution and securely request a transfer into their TD account. Once the transfer request is accepted through the other financial institution, funds can appear in the client's TD account within seconds in most cases. The experience brings previously separate steps into a single, guided digital journey.
The launch builds on TD Digital Direct Deposit, introduced earlier this year, and together the two capabilities help simplify important steps involved in switching everyday banking to TD, from redirecting a paycheque to moving money to fund a TD account.
Key takeaways:
- TD's new mobile app experience makes it easier for clients to fund an eligible TD account from another financial institution.
- Together with TD Digital Direct Deposit, the new capability helps streamline two key parts of switching everyday banking to TD: moving a paycheque and moving money.
Making it easier to move everyday banking to TD
Opening a new account is often only the first step in establishing an everyday banking relationship. TD's new experience is designed to reduce friction associated with moving money into an account, helping new and existing clients move funds more quickly, securely, and with fewer steps.
Eligible clients can select the option in the TD app, choose their external financial institution and transfer amount, and complete the transfer through a guided process. This eliminates the need to add recipients or complete transfers through separate email-based workflows.
"At TD, we're focused on making everyday banking simpler and more convenient," said Aaron Clark, Senior Vice President, Everyday Banking, Saving and Investing. "This new experience makes it faster and easier to move money into a TD account, combining digital convenience with access to the personalized advice and support from TD colleagues that clients have come to expect from TD."
Building on TD's digital innovation journey
Earlier this year, TD launched TD Digital Direct Deposit, a Canadian first that lets clients set up or switch payroll deposits in the TD app in about a minute with most employers. Now, TD is among the first banks in Canada to use Interac e-Transfer Request Money technology to simplify another key part of everyday banking: moving money into a TD account.
Together, these experiences build on TD's digital innovation journey, using new capabilities to simplify key parts of everyday banking and create a more seamless experience for clients. TD was also recognized by J.D. Power earlier this year, ranking #1 in Customer Satisfaction with Mobile Banking Apps for 2026.
Q&A: Moving money to TD
What is TD's new digital account funding experience?
The new experience allows new and existing clients to move money from another financial institution into their TD account through a streamlined process that begins in the TD mobile app. It is designed to reduce the steps traditionally required to transfer funds and make it easier to start using a TD account.
How does the account funding process work?
Clients can select the option to move money into their TD account, choose their external financial institution and transfer amount, and complete the transfer through a guided digital experience. Once the transfer is accepted through the external financial institution, funds can appear in their TD account within seconds in most cases.
Which TD accounts are eligible?
The following TD accounts are currently eligible:
- TD All-Inclusive Banking Plan
- TD Unlimited Chequing Account
- TD Every Day Chequing Account
- TD Student Chequing Account
- TD Minimum Chequing Account
- TD Growth Savings Account
- TD Every Day Savings Account
- TD ePremium Savings Account
Why is TD introducing this enhancement?
Opening an account is often only the first step in establishing an everyday banking relationship. This enhancement is designed to help remove friction associated with moving money into a new account and make the process faster, simpler and more convenient.
How does this build on TD's digital banking innovations?
The launch complements TD Digital Direct Deposit, which helps new and existing clients securely switch payroll deposits within the TD app. Together, these capabilities simplify key steps involved in switching everyday banking to TD and reflect the Bank's ongoing focus on digital innovation and reducing everyday banking friction.
What does this mean for TD clients?
Clients benefit from a more connected and convenient banking experience that helps them move money more easily, consolidate their finances, take advantage of relevant TD products and offers, establish their everyday banking relationship faster and manage important banking tasks through the TD mobile app. The enhancement reflects TD's "digital first, human always" approach, combining digital convenience with the advice, trust and support of a full-service bank.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in North America by assets and serves 28.2 million clients in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; U.S. Banking, including TD Auto Finance U.S. and TD Wealth (U.S.); Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing and TD Insurance; and Wholesale Banking, including TD Securities and TD Cowen. TD also ranks among North America's leading digital banks, with more than 14 million active mobile users in Canada and the U.S. TD had $2.1 trillion in assets on July 31, 2026. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto Stock Exchange and New York Stock Exchange.
SOURCE TD Bank Group
Media Contact: For more information, contact: Sanjana Bari at [email protected]
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