TD Bank introduces P2P payment and external transfer features for online banking customers

TD Bank has recently launched person-to-person payment and external transfer services, providing customers with an option to transfer money to accounts at any US bank or to other people.

The services are available for all eligible personal banking accounts that are enrolled in TD Bank online banking and will give customers the option to schedule one-time, future-dated or recurring transfers to or from their own non-TD Bank accounts, send money to another person’s TD Bank or non-TD Bank account.

TD Bank has partnered with Fiserv to offer Popmoney to provide customers P2P payment options, complementing the bank’s convenient online banking tools.

“Customers want services that make banking easier for them,” said Rizwan Khalfan, Senior Vice President, Digital Channels, TD Bank Group. “Secure ways to manage their money online is increasingly important to people, and these services help meet the needs of their on-the-go lifestyles.”

The bank’s external transfer service will enable customers to use their eligible TD Bank accounts to transfer funds to or from their transaction accounts outside of TD Bank.

“From writing a check to using Bill Pay or Popmoney, we’ve given our customers choices so they can bank how they want, when they want.” said Nandita Bakhshi, Head of Retail Distribution and Product for TD Bank.

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