A TD Bank NJ routing number serves as an identity of a particular branch within the TD Bank network, enabling funds to be transferred securely and efficiently. For instance, the routing number 201200029 is associated with the TD Bank branch located at 101 Hudson Street, Jersey City, NJ.
Routing numbers are crucial for facilitating electronic fund transfers such as wire transfers, ACH payments, and direct deposits. They ensure the smooth flow of funds between different financial institutions and ensure the accuracy and timely delivery of payments.