TORONTO, Canada — Western Union, a leader in global payment services, and The Toronto-Dominion Bank collectively known as TD Bank Group (“TD” or the “Bank”), one of Canada’s largest financial institutions, have announced a fast and convenient way for TD customers to send money internationally through Western Union.
TD is the sixth-largest bank in North America by branches and serves 26 million customers in three key businesses operating in a number of locations in financial centres around the globe.
Now, TD customers can send money cross-border from their personal TD Canada Trust Canadian dollar chequing, savings or line of credit accounts for cash pickup at a Western Union location in 200 countries and territories around the world. The service, which launched this month, is available online and via EasyWeb, and continues to be rolled out for TD app users.
The Western Union Company is a global leader in cross-border, cross-currency money movement with omni-channel platform that connects the digital and physical worlds and makes it possible for consumers and businesses to send and receive money and make payments with speed, ease, and reliability. As of March 31, 2019, the network included over 550,000 retail agent locations offering Western Union, Vigo or Orlandi Valuta branded services in more than 200 countries and territories, with the capability to send money to billions of accounts.
“Western Union offers a convenient and reliable way to meet increased consumer demand for international financial connectivity, allowing money transfers between individuals to take place quickly and with flexibility. In collaboration with TD, we are unlocking opportunity for consumers and building a bridge that connects the online and offline or digital and retail worlds. The ability to support digital-to-cash money transfers helps us deliver on the choice and convenience customers want,” said Khalid Fellahi, Global Head of Consumer Money Transfer, Western Union.
“We’re thrilled to be able to offer our personal banking customers the ease and convenience of Western Union Money Transfers within TD EasyWeb and via the TD app,” said Frank Psoras, Senior Vice President, Every Day Banking, TD. “This offering, along with additional enhancements to the service still to come, exemplify TD’s commitment to customer-centric innovation, and is part of how we’re making it fast and easy for customers with friends and family in other parts of the world to send money.”
TD also ranks among the world’s leading online financial services firms, with 13 million active online and mobile customers. TD had CDN$1.4 trillion in assets on April 30, 2019. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.