Visa and TD Bank announced an agreement to allow easier transfer of funds between U.S. and Canadian bank accounts using Visa Direct push payments.

The new service, called TD Bank (U.S.) to TD (Canada) Transfer, allows customers to quickly transfer funds between their U.S. and Canadian accounts, which is a frequent need for customers who cross borders for work, vacation or other needs. 

"At Visa, we want to empower Canadians to send, receive and access their money where they want, when they want and how they want," Brian Weiner, vice president and head of product, Visa Canada, said in a press release. "Visa Direct is providing Canadians more convenient ways to move their money and we are pleased to be working with TD to expand this capacity to Visa cardholders."