What is TD Bank’s settlement process?

Here's how their settlement works:

TD Bank offers a full suite of banking and cash settlement services designed to meet the needs of individuals, small businesses, and corporations. For routine payments, TD supports ACH (Automated Clearing House) transfers used for payroll, bill payments, and vendor disbursements. Standard ACH settlements take 1–3 business days, while same-day ACH is available for qualifying transactions submitted before the cut-off time, providing faster access to funds and improved cash flow management. For urgent or high-value transactions, TD offers wire transfer services. Domestic wires processed before daily cut-off times typically settle on the same business day.

Here is a summary table:

How do I qualify for same-day ACH transfers with TD Bank?

TD Bank customers can access same-day ACH by submitting eligible transactions before the bank’s deadline and ensuring the transaction meets NACHA criteria. Business accounts may need approval.

What is TD Bank's cut-off times for domestic and international wire transfers to guarantee same-day settlement?

TD Bank customers should send domestic wires by 4 PM ET to ensure same-day settlement. For international wires, the deadline is usually 2 PM ET. Real-time updates and tracking can be managed through TD’s global banking tools.

How quickly are card payments settled through TD Bank?

TD Bank card payments usually settle within 1 to 2 business days of batch processing. Timelines may vary depending on processing partner and settlement method.

Does TD Bank integrate with common accounting or ERP software to streamline reconciliation?

TD Bank provides ERP integrations through its Embedded Banking solutions, helping businesses automate transaction data sync and streamline their reconciliation processes.

How Receiptor Helps Accountants with Settlement Needs

Managing settlements—whether it's reconciling ACH payments, wire transfers, or card transactions with TD Bank—can get messy fast. Receiptor simplifies the process with automation, visibility, and smart syncing.

1. Centralize Receipts and Payment Proofs Instantly

Receiptor captures and stores all your receipts, invoices, and disbursement documents in one secure dashboard. No more digging through emails or folders when clients ask for proof of settlement.

• Automatically extracts and tags key details like amount, date, and payee
• Supports multi-format uploads (PDFs, emails, scans, etc.)
• Uses AI to detect transaction types (ACH, wire, card)

2. Match Transactions Automatically

Receiptor’s AI matches receipts with bank feeds or settlement records to help accountants stay audit-ready without lifting a finger.

• Automatically reconciles payments to invoices
• Flags mismatches or duplicates for manual review
• Supports bulk imports from ERP/accounting systems

3. Export Audit-Ready Reports in Clicks

Whether it’s month-end or tax season, Receiptor makes it easy to compile clean, audit-ready files that reflect actual settlements.

• Download reconciled reports by payment type, client, or date
• Export to CSV, Excel, or directly to your accounting software
• Ensure compliance with local and international recordkeeping requirements

4. Integrate with Your Accounting Stack

Receiptor works with your existing tools, making settlement reconciliation seamless.

• Integrates with Xero, QuickBooks, SAP, and more
• API-ready for custom workflows
• Syncs with bank feeds and card processing platforms

5. Track Settlement Timelines & Exceptions

Need to know if that wire hit the account or why your TD Bank card payment hasn’t cleared? Receiptor helps you monitor and troubleshoot fast.

• Real-time status tagging (e.g. “Pending”, “Cleared”, “Exception”)
• Comment and note history for each transaction
• Transparent logs for client or auditor access

For more information about TD Bank's settlement process, you can visit this link.

Found this article helpful?

Read on to find out more about Receiptor AI.

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• Receiptor AI: A Founder's Vision for Automated Bookkeeping