A TD Bank routing number is a nine-digit code that identifies the specific financial institution and branch where an account is held. For instance, the routing number for a TD Bank account in Boston, Massachusetts, is 011000025.
This number is crucial for electronic fund transfers, such as direct deposits, wire transfers, and online bill payments. It ensures that funds are sent to the correct account and prevents errors or delays. Historically, the routing number system was introduced by the American Bankers Association in the 1970s to standardize and simplify the process of electronic banking transactions.
