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Fund Transfers on TD Business Central: Internal Account Transfers

Internal Transfer Highlights

Fund transfers between your own TD accounts on TD Business Central settle instantly with zero transaction fees. Move capital between operating accounts, payroll accounts, savings accounts and reserve accounts in real time, 24/7. Schedule recurring transfers for automated liquidity management, and configure multi-entity transfers for corporate groups with parent-subsidiary account structures. All transfers are logged with full audit trails as mandated by OSFI regulatory guidelines.

Before you can pay vendors, run payroll or settle invoices, the right account needs the right balance. Fund transfers are the prerequisite to every other payment operation on TD Business Central. They are the capital plumbing of your treasury operation.

Move $2 million from your reserve account to your operating account before a major vendor run. Sweep excess cash from a chequing account into a high-interest savings account at end of day. Fund your payroll account from your main operating account every other Wednesday. These are the daily movements that keep a multi-account business running smoothly — and TD Business Central makes every one of them instant, free and auditable.

How to Make an Internal Fund Transfer: 4-Step Process

Transferring funds between your own TD accounts is the simplest transaction on TD Business Central. Four steps, no fees, instant settlement.

Step 1: Navigate to Fund Transfers

Sign in to TD Business Central and select Payments from the navigation. Click Fund Transfers. You will see a list of all linked accounts with their current available balances displayed in real time.

Step 2: Select Accounts

Choose the source account (transfer from) and the destination account (transfer to). Both accounts must be linked to your TD Business Central profile. Available balance is shown for each to confirm sufficient funds.

Step 3: Enter Amount and Schedule

Enter the transfer amount. Choose immediate execution or select a future date. For recurring transfers, set the frequency (daily, weekly, bi-weekly, semi-monthly, monthly), start date and optional end date. Add an internal memo for your records.

Step 4: Confirm and Track

Review the transfer summary showing source, destination, amount, timing and any memo. Confirm the transfer. Immediate transfers update both account balances in real time. View the transfer in your transaction history instantly.

Transfer Types and Cutoff Times

TD Business Central supports multiple fund transfer scenarios, each with specific settlement behaviour and timing considerations. Understanding cutoff times ensures your transfers execute when expected.

Transfer Type Settlement Cutoff Time Fee Availability
Immediate CAD-to-CAD Instant None (24/7) Free All days incl. holidays
Immediate USD-to-USD Instant None (24/7) Free All days incl. holidays
CAD-to-USD (FX) Instant (with FX) 4:00 PM ET (business days) Free (FX spread applies) Business days only
Scheduled Transfer 6:00 AM ET on date 11:59 PM ET day before Free Business days
Recurring Transfer 6:00 AM ET each date Modifiable before execution Free Auto-skips non-business days
Multi-Entity Transfer Instant or scheduled Same as above Free Requires entity-level authorization

Liquidity Management with Fund Transfers

Fund transfers are not just operational mechanics. For treasury teams, they are the primary tool for managing daily liquidity, minimizing idle cash and ensuring every account is funded to meet its obligations.

Cash Concentration and Sweeping

Consolidate balances from multiple operating accounts into a single concentration account at end of day. This maximizes your earning potential on overnight balances and simplifies cash position reporting. Set up automated sweep transfers that move excess cash above a target balance into a high-interest savings account or GIC holding account.

Reverse sweeps work too. If your operating account drops below a minimum balance, configure an automatic top-up transfer from your reserve account. The Bank of Canada's overnight rate influences how valuable these sweep arrangements are — when rates are high, even one day of idle cash in a non-interest bearing account is money left on the table.

Pre-Funding Payment Accounts

Before running EFT batches, wire transfers or supplier payment cycles, ensure your disbursement accounts have sufficient funds. Schedule a fund transfer to execute at 6:00 AM ET on payment day, moving the exact batch total from your main operating account to the designated disbursement account.

This pre-funding discipline prevents overdraft charges and ensures payment batches are never rejected for insufficient funds. TD Business Central's account summary dashboard shows projected balances including scheduled incoming and outgoing transfers, giving your treasury team a forward-looking cash position at all times.

Multi-Entity and Corporate Group Transfers

Organizations with multiple legal entities — parent companies, subsidiaries, holding companies, special purpose vehicles — need to move capital between entities regularly. TD Business Central streamlines this with multi-entity fund transfer support.

Parent-Subsidiary Transfers

Move capital from a parent company operating account to a subsidiary's operating account in real time. Common scenarios include funding a subsidiary for a capital expenditure, providing working capital during a seasonal cash flow dip, or consolidating subsidiary earnings back to the parent for dividend distribution or reinvestment.

Each inter-entity transfer creates a clear audit trail documenting the source entity, destination entity, amount, date and authorizing user. This documentation is essential for transfer pricing compliance and satisfies requirements under both Canadian tax law and OSFI consolidated entity reporting standards.

Inter-Company Settlement

Subsidiaries that provide services to each other accumulate intercompany receivables and payables. Rather than letting these balances grow indefinitely, settle them monthly through fund transfers. TD Business Central's multi-entity view shows intercompany balances across all linked accounts, making settlement straightforward.

For organizations operating in both CAD and USD, inter-entity transfers can include currency conversion. Move CAD from a Canadian subsidiary to a USD account held by a US-incorporated affiliate, with FX conversion handled automatically at the prevailing rate. Track all FX conversions through the foreign exchange module.

Fund Transfer FAQs

Internal fund transfers between your own TD accounts on TD Business Central have no per-transaction limits by default — you can transfer any amount up to your available balance. Account administrators can set transfer limits per user role through the user management module. Multi-entity transfers may require additional authorization depending on your account configuration.

Yes. TD Business Central supports recurring fund transfers on daily, weekly, bi-weekly, semi-monthly and monthly frequencies. Set a fixed amount, choose the source and destination accounts, select the start date and optionally set an end date. Recurring transfers execute automatically and can be paused, modified or cancelled at any time.

Immediate CAD-to-CAD and USD-to-USD transfers settle in real time 24/7 with no cutoff. CAD-to-USD transfers with FX conversion must be initiated before 4:00 PM ET on business days. Scheduled transfers execute at 6:00 AM ET on the scheduled date. Transfers initiated before 8:00 PM ET are reflected in same-day reporting.

Yes. TD Business Central supports multi-entity fund transfers for corporate groups with linked accounts. Transfer between parent and subsidiary accounts, sibling entities or operating and holding company accounts. Multi-entity transfers may require additional authorization levels and are logged separately for audit and tax documentation.

No. Internal fund transfers between your own TD accounts are free of charge. This includes immediate, scheduled, recurring and multi-entity transfers. CAD-USD transfers are free of transfer fees but subject to the prevailing FX conversion rate at execution. For transfers to accounts at other financial institutions, use wire transfers or EFT payments.

Related Payment Services

Fund transfers handle internal movements. For payments to external parties, TD Business Central offers a full suite of payment channels.

Wire Transfers

Send funds to accounts at other financial institutions with same-day domestic settlement and SWIFT international routing.

EFT Payments

Batch domestic payments to external accounts via CPA-005 files at the lowest per-transaction cost available.

Supplier Payments

End-to-end vendor payment management with multi-method disbursement, approval workflows and remittance advice.

Interac e-Transfers

Instant payments to external Canadian recipients for amounts up to $25,000 using just an email address.

ACH Payments

Cross-border payments to US accounts using the ACH network with automatic FX conversion.

Bill Payments

Pay registered Canadian billers for utilities, taxes and recurring obligations through the national payee network.