View Cutoff Table

Description

In order for the Bank to process Wire Payments by the value date, payments must be fully authorized and received by TD by the time specified in the Cutoff Table. The Cutoff Table displays the time and value date based on payment category.

Any Wire Payment right allows you to access the Cutoff Table page.

The value date is calculated based on the following three items:

1. Payment destination
2. Payment Currency
3. Payment Amount

For example, a payment destined for a bank outside of North America will be settled the day after the due date whereas a payment destined for a Canadian bank is settled on the due date.

Field Descriptions

Debit Account
Displays the type of settlement account which can be either TD Deposit Account (CAD/USD), TD Deposit Account (Foreign) or Other TD Accounts.

Payment Destination
Specifies where the beneficiary account is located.

Currency
Specifies the currency in which the beneficiary is to receive the funds.

Amount
Specifies if other currencies can be debited from the settlement account.

Cutoff Time
Specifies the time the payment must be received by TD in order for the beneficiary to receive the funds by the value date.

Value Date*
Displays the date on which the beneficiary is to receive the payment. TD Bank is not responsible for the delivery time between the intermediary bank and the final payment destination.

* GBP, EUR and CHF are highly traded Foreign Currencies and will be processed the next business day regardless if the amount is above or below the bulletin