How to Pay TD Credit Card From Another Bank

Today, many consumers hold multiple chequing accounts at several different banking institutions. This may be to separate their personal finances from their business more seamlessly, earn more interest on their savings, or serve another similar purpose.

That said, if you’ve received a TD credit card bill and you’re short on funds from that particular account, you may wonder: can I pay my TD credit bill from another bank? 

To learn whether you can utilize this method of paying your bills, keep reading below for more information regarding whether this is possible, along with how different Canadian banks provide this service.

Can I pay my TD credit card bill from another bank?

Fortunately, TD account holders are able to pay their credit card bills from any financial banking institution. This can be done by adding your TD credit card as a payee to your other bank account. 

To do so, simply select the option to add a new payee and enter your name and the information associated with your TD account, just as you would when adding a landlord, contractor, or another person to your recipient list.

Once you’ve added your card, you can simply select yourself as the recipient of the funds you’re sending the next time you need to pay your credit card bill! 

This is a very seamless and convenient way to transfer your funds from one account to another, and it only takes a few minutes to complete.

How to pay your TD credit card bill from another bank

As mentioned above, you can pay off your TD credit card bill from any other bank account, provided you add your TD credit card as a payee. 

Each bank in Canada has its own individual method for how to add payees to your account, so let’s look at a few of the more popular banks listed below for the necessary instructions:

CIBC (Canadian Imperial Bank of Commerce)

CIBC has two different methods for adding a payee to your bank account- from your account online and your mobile banking app. Let’s look at how to use each method below:

CIBC Mobile Banking App

1. Open your CIBC mobile app and select “Bill Payments”
2. Choose “Add Payee” and enter your name as the recipient
3. Next, select which bill you’d like to pay and enter the account number 
4. Select how you would like to receive your verification code
5. Enter the verification code into the verification box, and select “Continue”
6. Finally, select “pay this bill” and enter the sum of money you wish to transfer to your TD credit card bill

CIBC Online Banking

1. Log in to your CIBC account and select the “Pay Bills” option
2. Next, choose the “Add Payee” option and search for your name. 
3. Select which bill you’d like to pay from the list, and enter the account number of your bill
4. Next, choose how you’d like to receive your verification code
5. After you receive the code, enter it into the verification box, and choose “Continue”
6. Finally, select “Pay this bill” and enter the amount you’d like to add to your TD credit card bill

According to CIBC, this payment process will take up to two business days to go through the system, so make sure to check your TD bill within that time to ensure the payment has been completed. 

Scotiabank

Similar to CIBC, Scotiabank has two different methods for adding a payee to your bank account, so let’s take a look at how each one works below:

Scotiabank Mobile App

1. Open your Scotiabank app to the Home screen, and select the “Move Money” option
2. Select Pay Bills > Manage Bills > Manage Payees > Add New Payee and enter your name and TD Bank credit card account number
3. Select “Add Payee” and proceed to send your funds from your Scotiabank account to your TD credit card

Scotiabank Website

1. Log in to your Scotiabank profile and go to the “Accounts” page
2. On the “Accounts” page, select the “Add Payee” option
3. Next, enter your name and TD Bank account number, and then press “Confirm”
4. After confirming the information, you can add the money from your Scotiabank account to your TD credit card

BMO (Bank of Montreal)

To pay your TD credit card bill from your Bank of Montreal account, follow the steps below:

1. Log into your BMO Online Banking account 
2. Scroll to the area of the page that says “Account Options” and select “Automatically pay your credit card bill”
3. Next, choose which bank account you would like to make these payments from. This can either be from your BMO account, or you can select another financial institution 

These methods above will give you a good idea of how you can add your TD card to a different bank account in most institutions in Canada. 

If you’re unsure how to add a payee to an account through a bank not listed here, however, we recommend checking their website or contacting customer service for more information regarding bill payments. 

Other alternative ways to pay your TD credit card bill

If you don’t have another bank account, or the funds aren’t available to transfer, TD Bank has a few other alternative options below for how to pay your credit card bill:

Transfer money from another TD account

If you have any available funds in your savings or chequing accounts, these can be used to make full or partial payments on your credit card. This can be done by adding your credit card as a payee to your TD account. 

Set up a pre-authorized debit card

If you find keeping track of your TD credit card payments difficult to manage, you can set up a pre-authorized debit card payment on your account to ensure funds are automatically added to your credit card on a regular basis. 

This can be done with a TD Canadian card, a Business Canadian card, and a US Dollar TD card.

Use TD Points or Cash Back Dollars

If TD customers have TD points or Cash Back Dollars that they’ve earned from past transactions, these can be used toward the outstanding balance on their credit cards.

To use these rewards to pay their credit card, TD customers can use the following method:

1. Log in to your TD account and go to the Activity page
2. On this page, select the “Pay with Rewards” button
3. Next, select the amount of TD Points or Cash Back Dollars you wish to use to make a bill payment. Note that you are required to have a minimum of $25 Cash Back Dollars or 10,000 points to use this payment method
4. After following all the on-page instructions, select the Pay with Rewards button to complete the transaction

Conclusion: how to pay TD credit card 

If you have another chequing account from a different banking institution than TD, you are able to make a bill payment to your TD credit card from that account if you’d prefer to use those funds. 

In order to make a bill payment, simply add your TD credit card as a payee to your other bank account. Each banking institution will have its own separate method for adding a payee, some of which are mentioned above.