Getting a bank draft from TD can be a convenient way to make large payments, but it's important to know how long the process takes. Here's a breakdown:
Processing Time
Typically, it takes 1-2 business days for TD to process a bank draft. This means if you request a draft on Monday, you can expect to receive it by Wednesday at the latest.
Factors Affecting Processing Time
However, several factors can affect the processing time:
- Time of day: If you request the draft late in the day, it may not be processed until the next business day.
- Branch location: Some branches may have busier periods than others.
- Bank's processing workload: If the bank is experiencing a high volume of requests, it may take longer to process your draft.
- Type of draft: In some cases, if you need a special type of draft, it may take longer to process.
How to Get Your Draft Faster
- Request it in advance: If you know you need a bank draft, request it as soon as possible.
- Visit a branch during off-peak hours: This will help minimize waiting time.
- Ask about express processing: Some banks offer express processing for an additional fee.
Important Note:
The processing time for bank drafts can vary, so it's always best to contact your local TD branch for the most up-to-date information.