A bank routing number for TD Bank, a noun, is a nine-digit code that identifies the financial institution and branch where an account is held. For instance, the TD Bank routing number for its Toronto branch is 044101003.
This unique identifier plays a critical role in electronic fund transfers, ensuring that payments are processed and directed to the correct destination. Without it, transactions would be delayed or even lost. Historically, the development of the Automated Clearing House (ACH) network in the 1970s made bank routing numbers indispensable for efficient interbank transactions.