<p>Yes, transfers for TDBank across between US and Canada are made through the phone system. There are no online way of doing it and I can understand your thinking about it being a little bit awkward and not as good as online access. There is also $5k limit per day for such transfer.</p>
<p>Thanks for pointing out the RBC savings account, I have not thought about that and that is definitely a good way of doing it without paying monthly fee. The thing is we already have TDBank account and a branch in our town and RBC has no physical location in the US. With RBC, we probably going to have to use the remote deposit which involves taking pictures of the check and electronically send it to RBC. So which is worse, doing telephone transfer or sending picture of a check a few days before going online to do the transfer?</p>