The bank code for TD Canada Trust, also known as its Financial Institution Number, is 004.
Understanding Bank Codes
A bank code serves as a unique three-digit identifier for a specific financial institution within a country's banking system. It is a crucial component of banking details, helping to distinguish one bank from another in the vast network of financial transactions. These codes are essential for ensuring that money is routed to the correct financial institution during various banking operations.
TD Canada Trust's Specific Bank Code
For customers and entities dealing with TD Canada Trust, its Financial Institution Number is consistently 004. This number is always associated with TD Canada Trust, regardless of the branch or specific account type. It is sometimes simply referred to as the 'Bank Code'.
Here's a quick reference:
| Identifier Type | Value for TD Canada Trust |
|---|---|
| Financial Institution Number | 004 |
| Bank Code | 004 |
Why is the TD Bank Code Important?
The bank code for TD Canada Trust plays a vital role in enabling accurate and efficient financial transactions. It is frequently requested when setting up various banking services and facilitating transfers.
Key uses include:
- Electronic Fund Transfers (EFTs): When sending or receiving money electronically, the bank code helps direct funds to the correct bank.
- Direct Deposits: Employers and government agencies require the bank code to set up direct deposits for payroll, tax refunds, or benefits.
- Pre-Authorized Debits: For recurring bill payments or subscriptions, the bank code ensures that funds are debited from the correct institution.
- Inter-bank Transactions: Any transaction involving moving money between different banks, whether within Canada or internationally, typically relies on these codes for proper routing.
Where to Use Your TD Bank Code
While the TD Canada Trust bank code (004) is constant, it is usually combined with other unique numbers to complete a full routing instruction. For instance, when setting up a direct deposit or wire transfer, you will typically provide:
- Bank Code (Financial Institution Number): For TD Canada Trust, this is 004.
- Transit Number (Branch ID): A five-digit number unique to a specific TD Canada Trust branch.
- Account Number: Your personal account number at that branch.
Together, these numbers form a complete picture, ensuring that your funds are deposited into or debited from the correct account at the correct branch of TD Canada Trust.
