U.S. Pay Through is designed for business customers issuing cheques destined for the United States. US$ Pay Through facilitates the clearing of cheques drawn on your U.S. dollar business account (domiciled at a Canadian branch of TD Canada Trust) through the U.S. Federal Reserve Cheque Clearing System. This enables expedient, trouble-free cheque negotiation to your U.S. suppliers.

What You Can Do With US$ Pay Through

• maintains a US$ current account domiciled at a Canadian branch of TD Canada Trust
• use specially encoded U.S. Pay Through cheques to pay your suppliers
• clear cheques through the U.S. Federal Reserve

How You Benefit From Using US$ Pay Through

• U.S. suppliers may experience easier settlement, quicker access to funds and the elimination of collection charges
• U.S. Pay Through cheques are more readily accepted by companies in the United States as they have ABA (American Bankers Association) encoding and a Financial Institution US address for clearing purposes.
• your company maintains normal practice of cheque issue for supplier payments

For more information contact a Relationship Manager at the Commercial Banking Centre nearest you.