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Bill Payment Processing Times

When will TD Canada Trust process my bill payment?
When will TD Canada Trust process my Personal Payee payment?
When will my bill payment be processed by the Bill Company?
When will my Postdated Payment be processed?


When will TD Canada Trust process my bill payment?

The following applies to bill payments made via EasyWeb, EasyLine, and Wireless banking.

Date of Transaction Withdrawal
Posted to Account
(Withdrawal Date)
Payment Preparation by TD Canada Trust Begins Payments Transmitted to Bill Company
(or Designate)
Monday - Friday before
11:59 p.m. Eastern Time (ET), (before 8:59 p.m. Pacific Time)
Immediately, dated the same business day Same business day after 11:59 p.m. ET Next business day
Saturday - Sunday before 11:59 p.m. ET Sunday Immediately, dated the next business day Sunday, after 11:59 p.m. ET Next business day1
Statutory holiday before
11:59 p.m. ET
Immediately, dated the next business day Same day, after 11:59 p.m. ET Next business day1
1 Visa payments posted between 11:59 p.m. ET Friday and 11:59 p.m. ET Sunday, or on Statutory holidays, are delivered with the next business day's payments, after the next business day's 11:59 p.m. ET cutoff.

Examples

If you pay your cable bill on EasyWeb on a Thursday before 11:59 p.m. ET, (before 8:59 p.m. PT) the funds will be withdrawn from your account immediately, dated in your passbook or statement with Thursday's date, prepared for processing after the 11:59 p.m. ET cutoff, and forwarded to the cable company (or their designate) on Friday.

If you make the same payment on a Friday at or after 11:59 p.m. ET (8:59 p.m PT), the funds will be withdrawn from your account immediately, dated in your passbook or statement the next business day (Monday), prepared for processing after the Sunday evening 11:59 p.m. cutoff, and forwarded to the cable company (or their designate) on Monday.



When will TD Canada Trust process my Personal Payee payment?

The following applies to Personal Payee payments made via EasyWeb, EasyLine, and Wireless banking.

Transaction Date Withdrawal
Posted To Account
(Withdrawal Date)
Payment Preparation By TD Canada Trust Begins Deposit to
Personal Payee's
Account
Monday - Friday before
11:59 p.m. Eastern Time (ET), (before 8:59 p.m. Pacific Time)
Withdrawal posted immediately, dated the current business day After the current day's 11:59 p.m. ET cutoff time Next day, by approximately 6 a.m. ET, back-dated to Withdrawal Date*
Saturday - Sunday before 11:59 p.m. ET Sunday Withdrawal posted immediately, dated the next business day After Sunday's 11:59 p.m. ET cutoff time Next business day, by approximately 6:00 a.m. ET, dated the Withdrawal Date**
Statutory Holiday before 11:59 p.m. ET Withdrawal posted immediately, dated the next business day After the same day's 11:59 p.m. ET cutoff time Next business day, by approximately 6:00 a.m. ET, dated the Withdrawal Date**
*Personal Payee deposits to savings accounts that are no longer offered (including TD Premium Bonus accounts, TD Premium Savings accounts, and TD Chequing/ Savings accounts) are not back-dated.
** Payments to Savings accounts that are no longer offered are posted and dated the 2nd business day.


Examples

If you make a 'Personal Payee' payment to your sister on Tuesday at 1:00 p.m. ET (10:00 a.m. PT), funds will be withdrawn from your account immediately, dated Tuesday, and deposited to your sister's account on Wednesday morning, with a deposit date of Tuesday.

If you make a 'Personal Payee' payment to your mother's account between 11:59 p.m. ET Friday and 11:59 p.m. ET Sunday, the funds will be withdrawn from your account immediately, dated business day Monday, and deposited to your mother's account on Monday morning with a deposit date of Monday.


When will my bill payment be processed by the Bill Company?

Depending upon the bill company's payment processing system, most companies will update your account within two or three business days of receiving your payment from TD Canada Trust.

However, regardless of when they update their system, most companies will recognize the transaction date recorded in your bank account/statement as the payment date for interest and/or penalty purposes. Other companies (like most credit card type companies) will use the business day they receive the payment from TD Canada Trust (i.e. the business day following the withdrawal date recorded in your account) as the payment date.



When will my Postdated Payment be processed?

You may postdate your Bill Company and Personal Payee payments, either 'one-time' or 'recurring', up to one year into the future. Postdated payments are subject to regular payment processing times. See 'When will TD Canada Trust process my bill payment?'.

To cancel a postdated payment, click on the 'View Pending Payments' tab on the left navigation bar, under 'Payments'. Click 'Cancel' next to the pending payment you wish to cancel.

For postdated payments you must ensureā€¦

NOTE: Postdated Bill Payments and Personal Payee Payments are processed using the available balance in your account. (i.e. If funds are being held in your account for verification, then these funds are not available for making payments.)