What Is a Bank Routing Number for TD Bank?
If you just got your first checkbook, you might wonder, “what is a bank routing number?" All Canadian banks, including TD Bank, have a nine-digit routing number printed on the cheque.
A routing number is a nine-digit number that identifies a bank in a financial transaction. It acts as the financial institution’s address and is essential for electrical transactions like wire transfers.
For example, TD bank’s routing number for domestic wire transfers is 11103093, while that for international wire transfers is 211274450.
TD bank routing numbers are different, depending on your country. For example, TD bank Maryland’s routing number is 054001725, while South Carolina’s is 053902197.
When Do You Need the TD Routing Number?
As unimportant as a bank’s routing number might seem, there are transactions you can’t complete without it. For example, you must provide a routing number when setting up a direct deposit, paying by cheque, or making a wire transfer to a person in the US.
You also need a routing number when paying for items or bills automatically from a TD bank account. Also, if you are employed and have your salary and pensions paid into your account, your employee will ask for your TD bank routing number.
What Is a Routing Number Bank For TD?
TD bank has many routing numbers, which vary depending on the transaction, so you must know which one to use. Every bank’s routing number contains nine digits, sometimes called an ABA routing or routing transit number.
The types of TD bank routing numbers to know are;
1. Routing Numbers for Wire Transfers
TD bank routing numbers vary depending on whether you make an international or a domestic wire transfer. You’ll use 211274450 as your routing number when making an international wire transfer. The routing number for domestic transfers is 11103093.
You will also need a wire routing number when sending a domestic wire transfer. In this case, you will use 031101266. International wire transfers will require you to give a SWIFT code, NRTHUS33XXX.
2. Routing Number for ACH Transfers
Besides needing a routing number for wire transfers, you will also need one for ACH transfers. The ACH routing number depends on your state because they are different.
You also need a TD routing number for an automated bill payment. They help ensure your payments go to your TD bank account, not to other banks.
Where To Find TD Bank Routing Number
While not everyone knows about routing numbers, they are easy to find. The easiest way to find your TD bank routing number is by locating it on the cheque, searching it online, or calling the bank for guidance.
1. Check The Routing Number on The Cheque
If you have a TD bank cheque, look at the bottom of the document. There are three sets of numbers; the first is the routing number. It’s nine digits long. Your bank account number is in the middle, and the cheque is the last.
2. Find It Online
You can still find the TD bank routing number if you don’t have a cheque. Search for it online by typing ‘TD bank routing number,’ followed by the type of transfer you want. For example, you can look for a routing number for wire transfers or setting a direct deposit account.
You can also download a cheque or bank statement online. The bank statement shows your transactions in the selected period and the bank’s routing number.
Another way of finding TD bank routing numbers is by using Online Banking. Log into your account, and look for the bank’s information, including the routing number. Alternatively, you can check for it on Fedwire. The Federal Reserve website has routing numbers for all banks.
3. Talk To Your Bank
Suppose you can’t find your bank’s routing bank online or don’t have a cheque, call or email them. The bank representative could send you a link with all the routing numbers for different transactions or read you the one you require.
How To Know the TD Routing Number to Use
Since TD bank has many routing numbers, knowing which one to use might be challenging. You should choose a routing number depending on the type of transaction you want to complete.
For example, if you send international or domestic, you must use the correct routing number for those transactions. You should also check for the correct routing numbers when setting up direct deposit or making an ACH payment.
Is There a Difference Between Routing Numbers and SWIFT Codes?
Although routing numbers and SWIFT codes are required to complete transactions, they differ. A SWIFT code is a code that identifies the country in which the bank that hosts your account is registered. It’s primarily useful during international transfers.
A SWIFT code is a set of eight or 11 letters and numbers. For example, the SWIFT code for international transfers with TD bank is NRTHUS33XXX.
On the contrary, a routing number is a nine-digit number that identifies where you opened your bank account. It’s essential when sending international and domestic wire transfers and setting up your account for direct deposits.
The Federal Reserve Banks use these routing numbers to process Fedwire money transfers. They are also crucial to the ACH network for processing electronic money transfers.
Can Scammers Use Routing Number and Your Account Number to Withdraw Cash?
Giving out your account and bank routing numbers is safe because nobody can use the details to withdraw money fraudulently from your account. The information is also displayed on the cheque, meaning you shouldn’t be worried about revealing it.
However, you should give your banking account details to people you know, like your employer or family members. You can also share this information with clients you expect money from, but not strangers.
Avoid using public Wi-Fi or gadgets at work to access your account to be safer. Swindlers hack account information on public Wi-Fi, and you could leave some sensitive information on the work computer.
Always double-check the source of any funds before accepting them in your account. It should be an expected payment from a legitimate source. If you suspect a payment, contact your bank.
The cost of sending money through a wire transfer varies with the amount and location. Also, if you send the money in a different currency, like USD, you’ll pay a currency conversion fee.
Banks and foreign currency exchange agencies charge a high currency conversion fee. So, Knightsbridge FX is perfect for exchanging money before sending it. Our exchange rates are more favorable to help you save some coins. Besides, our platform is fast and easy to use.
So what is a bank routing number? It’s a nine-digit code bank uses to identify themselves. Routing numbers are helpful when sending domestic and international wire transfers, setting up direct deposits, making ACH payments, and receiving benefits from the government. All banks have different routing numbers, which differ with location.