A “BPF payment date” on your TD app refers to the date on which your account was debited to pay a bill.
This is also typically honoured as the bill payment date, as long as the funds were in the account to begin with.
When you schedule a bill payment through the TD App, the funds for the payment are debited from your account on the BPF payment date.
However, it’s important to note that the BPF payment date may be different from the actual due date of the bill.
To be safe, it’s always best to schedule your payments with enough time for the funds to be debited from your account and for the payment to be processed by the payee, which can take 2-5 business days.
When will TD process my bill payment?
If you schedule a bill payment through the TD App, the funds will be debited from your account on the payment date you have selected, and the payment will typically be processed within two business days.
If you make a bill payment on a weekday before 11:59 PM ET, the funds get withdrawn immediately and the payment date is considered that same business day.
The payment will be sent to the payee the following business day.
If you make a bill payment on a weekend before 11:59 PM ET, the funds get withdrawn immediately and the payment date is considered the next business day.
The payment will also be sent to the payee the following business day.
When will TD process my bill payment if I put it through on a weekend or stat holiday?
If you pay a bill through the TD App on a weekend or a statutory holiday, the payment will be processed on the next business day.
This also means that if you schedule a bill payment on a Saturday, Sunday, or a stat holiday, the payment will be processed on the following business day, which is usually Monday, unless Monday is also a stat holiday.
Can I make changes to my BPF payment amount or frequency on the TD app?
If you have scheduled bill payments, you can make changes to those payment amounts or frequencies on the TD app.
To change the payment amount or frequency of one of your upcoming bill payments, follow these steps:
- Open the TD app and log in to your account.
- Tap on the “Bills” tab.
- Select “View All” to see a list of all your scheduled payments.
- Click on the payment you want to change.
- Tap on the “Edit” button in the top right corner.
- Update the payment amount or frequency.
- Select “Continue” to review all your changes.
- Tap on “Update Payment” to save your changes.
Once you have made the changes, your scheduled payments will be updated accordingly.
Frequently Asked Questions
- What is the cut-off time for the business day at TD?
As long as you make your payment before 11:59 PM ET on a business day, the payment will be posted to your account on the same business day, and transmitted to the bill company or payee the next business day. The payment date is typically honoured.
However, if you make your payment before 11:59 PM ET on a weekend or a statutory holiday, then the payment will be both posted to your account and transmitted to the bill company or payee on the next business day.
- What does “BPF payment date error” mean?
A BPF payment date error means that the bill either wasn’t posted properly, or there are issues on the receiving end such as the terminal not being set up properly to process the payment. To get to the bottom of it, you can try calling TD EasyLine or the bill payee’s company to see if they can give you more information.
The “BDP payment date error” could also be because the payment was scheduled to go through on a weekend or statutory holiday. In that case, it would likely self-correct on the next business day, without the need for any action on your part.
- How long does it take for TD to process a bill payment?
Bill payments made before 11:59 PM ET on business days will be posted immediately, and sent to the bill company or payee the next business day. It can take between 2-5 business days for a payment to be processed, depending on the payee. It’s best to be safe and schedule your payments a couple of days ahead of time to avoid any issues with payment processing times.