A cheque is a paper document that instructs a bank to pay a specific sum of money to an individual organization whose name is written on it.
While paper cheques and their usage are not as common as they once were with the rise of electronic alternatives like Interac e-Transfers, you may still need to write a cheque every now and then.
And sample cheques come in handy when you need to set up direct deposit with your employer or clients.
This guide details how TD sample cheques work, how to read a TD cheque, and how to print a TD void cheque online.
How To Read a TD Sample Cheque
A sample cheque is often required when you need to set up direct deposits to your bank account or pre-authorized debits (such as loan repayments, rent, or childcare).
Since cheques contain all your bank account information, the recipient can easily use the numbers on them to set up a connection to your bank account – both for deposits and withdrawals.
A TD Bank sample cheque is also referred to as a TD “specimen” or “void” cheque.
So, what information does a TD sample cheque provide?
1. Name: Your name is printed at the top of the cheque. This indicates you, the “drawer,” who owns the bank account from which funds are being withdrawn. Your home address is also printed under your name.
2. Beneficiary (payee): This section is where you write the name of the individual or organization to whom you are making a payment. For a void or sample TD cheque, this section is left blank.
3. Bank account and branch details: This section includes the bank name and the address of the bank branch where your account is held.
4. Cheque number: This 3-digit number is what the bank uses to identify the cheque transaction in your bank statement. On your TD cheque, it is shown at the far left bottom in the MICR (Magnetic Image Character Recognition) encoding line as well as on the top right corner of the cheque.
5. Transit (branch) number: This 5-digit number refers to the specific bank branch where you initially opened your bank account.
6. Financial institution number: This 3-digit number is also referred to as the bank code. TD Canada Trust’s institution code is 004. This institution number stays the same regardless of which TD bank branch you use.
7. Account number: This 7-12 digit number identifies your bank account. TD bank account numbers are 7-digit long and do not include a dash.
When you combine TD’s institution number and transit number and add a leading zero “0”, you get your routing number.
For example, using the TD sample cheque above, the routing number is 000412345.
Related: TD Savings Account Review.
How To Get a TD Sample or Void Cheque
You can create a TD void cheque by writing “VOID” across the front of the cheque using a dark pen (with black or blue ink).
That said, cheques are expensive, and if you don’t have a chequebook, or would rather save money by not voiding a real cheque, you can get a sample TD cheque via online banking.
Follow these steps to access a “Direct deposit form” on TD:
- Sign in to EasyWeb
- Select the bank account you need a void cheque for
- Select the “direct deposit form (PDF)h form on the right side of the page
- You can now view and download the form
You can also view your direct deposit information using the TD app:
- Sign in to the TD app
- Select “My Accounts” and click on the account you need a void cheque for
- Click on the “Summary” tab
- Select “view” where you have “Direct Deposit Information”
- You should now see your direct deposit details on the screen
- Click on “Get Form” to print or save and download the form.
TD’s direct deposit form contains all the information that would normally be on a cheque (i.e. transit number, institution number, and account number).
You can give a copy of this to anyone looking to set up direct deposit or pre-authorized debit to and from your bank account.
Related: Best Canadian Banks.
How To Write a TD Cheque
You can easily write a TD cheque by following these steps:
- Fill in the date in the upper right corner of the cheque.
- Write the beneficiary’s name on the line where it says “pay to the order of.”
- Write the amount of money you are looking to pay. If the sum includes cents, you can add them in the “ /100” area. For example, $100.50 can be written as “One hundred dollars and 50/100”. You should also fill out the box where you have the “$” sign with the amount in figures.
- Fill out the “Memo” section with the reason for the payment. For example, “February rent”.
- Sign the cheque at the bottom left corner to make it official.
TD Sample Void Cheque FAQ
You can print off a TD direct deposit form or sample cheque from your online banking account on EasyWeb.
You can order TD cheques online for a fee. While you can print your own cheques, they will need to meet certain requirements, including ensuring that your bank account information is written in magnetic ink.