In many cases, especially for personal accounts, is a legacy code for the U.S. Department of the Treasury’s Payment Management System . It indicates a federal recurring payment , such as:
From reviewing many TD customer statements and forums: td bank statement codes wps
These codes relate to digital movement of funds, which is the most common type of transaction in modern banking. In many cases, especially for personal accounts, is
It is used by employers to ensure employees receive their salaries on time through approved banks. In many cases
TD Bank has a dedicated wire department. If you suspect an error:
TD Bank statements often include a 10-15 digit reference number after the WPS code. For government payments, this is often a from the Treasury. You can call the issuing agency with that trace number.