TD Bank... (real estate, insurance, loan)

[sundrop]

Anyone have experience with TD Bank? TY

[ayoskillz]

Originally Posted by Chromekitty

Anyone have experience with TD Bank? TY

I had td bank a couple of years ago when i lived in ct. It was decent. I just went with them cause they were oprn sat and sunday and open to 7pm. Dint kno if that's the case here

[912]

They're a Canadian Bank. I'd rather keep my money here in the USA. Just sayin'.

[moneill]

True TD USA is owned by Toronto Dominion Canada but it is operated as a US company. I can attest to the fact that the two banking systems are very different entities. It is one thing I have missed since moving to the USA in 1997. The Canadian banking system is seen as the strongest in the world, and you can tell once you leave the country.

So -- the only thing wrong with TD in the USA is that it is a bank in the USA.

If you drink Budweiser and have no problems -- then you should have no problem with foreign owned American companies.

[912]

^ I don't drink that swill. I also don't keep my deposits tied up in InBev. Not a good comparison.

[sundrop]

Thanks for the input. I am not concerned to much with the canadian connection. ALL banks are multi-country "owned". I was looking for horror stories as we have heard before about banking experiences and the good experiences naturally.

[moneill]

Originally Posted by 912

^ I don't drink that swill. I also don't keep my deposits tied up in InBev. Not a good comparison.

Yeah I didn't think Bud would be the beverage of choice...but you get my drift. We are so intertwined economically. We buy oil from guys we wish would disappear......and then complain about an ally providing us with a service and doing a good job.

[canadian citizen]

After the financial melt down in 2008, many of the smaller US banks and insurance companies were bought up by Canadian banks.

Most Americans will be surprised to find out that to be a "bank " in Canada, the corporation must have branches in all parts of Canada, and that by law in Canada, they must have cash reserves EQUAL to their loan accounts. Yes, quite a big difference to the US banking system.

With respect to Toronto Dominion, they have been on a buying campaign in the US, but not just in the banking sector. A large number of US sporting venues have been bought and renamed. One example is the TD Boston Garden, where the NHL Bruins play. They are investing in other areas as well, such as golf courses and retirement home chains.

Of the five Canadian banks ( yes just five ) TD has seen the best profits over the past few years. In conjunction with the Ontario Teacher's Pension Investment fund, they have a tremendous amount of real estate and commercial holdings, in the US. So does the Canadian Federal Government's Canada Pension Plan investment agency. The CPC is the Canadian version of the US Social Security retirement fund. Everyone in Canada, regardless of their income, contributes to both the CPP and the Old Age Pension during their working life, and at age 65 can begin to collect monthly pension benefits. The two pensions together total about $15 k a year, in addition to any other pensions that the person may be entitled to.

So, the investments that the Canadian Government holds in the USA are helping to provide pensions to Canadians, each month. Thanks guys.

Jim B. In Toronto.

[moneill]

Yeah way more info. than anybody wanted. (Canadian here)

[canadian citizen]

Was there any thing in what I wrote that was not true ?

Jim B.