If you are analyzing the statement in WPS Sheets, you may want to write formulas to categorize the codes automatically.
Example Formula: Paste this into a new column to automatically label transactions based on the "Description" column (Assuming Column B is the Description):
=IF(ISNUMBER(SEARCH("POS",B2)),"Shopping",IF(ISNUMBER(SEARCH("ATM WDL",B2)),"Cash",IF(ISNUMBER(SEARCH("PAYROLL",B2)),"Income","Other")))
This formula checks for "POS", "ATM WDL", or "PAYROLL" codes and assigns a category.
When you run payroll through a third-party provider (like ADP, Paychex, QuickBooks Payroll, or Gusto), that provider initiates an ACH debit against your TD Bank business account. The bank’s system recognizes the origin of this debit as a payroll processor and labels it with the code WPS.
Example statement entry:
04/15/2025 | WPS PAYROLL | ADP TAX SVCS | -$5,432.10
This tells you:
On TD Bank (US or Canada) statements, WPS is not a standard TD internal code. However, in banking/finance contexts, WPS commonly means:
If you actually meant a TD Bank-specific statement code like: td bank statement codes wps
…then a lookup feature would decode those.
But if “WPS” is exactly on your statement – check surrounding text: it may be part of a merchant name (e.g., “WPS Office Supplies”) or a wire transfer reference.
| Code Category | Example | Meaning |
|---------------|---------|---------|
| Debit Card Transactions | POS DDA | Point of Sale Debit from checking |
| ATM Withdrawals | ATM WDL | ATM withdrawal |
| Service Fees | MONTHLY MAINT | Monthly account maintenance fee |
| ACH Credits | ACH CREDIT | Direct deposit or vendor payment |
| Wire Transfers | WIRE IN / WIRE OUT | Incoming or outgoing wire |
| WPS Transactions | WPS PAYROLL | Wage Payment System payroll debit |
These codes indicate money leaving your account. If you are analyzing the statement in WPS
| Code / Abbreviation | Meaning | Explanation | | :--- | :--- | :--- | | POS | Point of Sale | A standard debit card purchase at a retailer (e.g., grocery store, gas station). | | POS TDEB | Point of Sale (TD Debit) | A specific designation for TD Debit card usage. | | ATM WDL | ATM Withdrawal | Cash taken out of an Automated Teller Machine. | | ATM WDL US | ATM Withdrawal (US) | Cash withdrawn from a US dollar account or a US-based ATM. | | TFR OUT | Transfer Out | Money moved from this account to another TD account (e.g., savings to checking). | | INTERAC E-TRF | Interac E-Transfer | Money sent via Interac e-Transfer (email money transfer). | | WEB DEB | Web Debit | An online purchase or recurring bill payment set up via debit card. | | BP | Bill Payment | A bill payment made through EasyWeb or the TD app. | | TRF-INTL | International Transfer | Wire transfer or international money movement. | | ODF | Overdraft Fee | A fee charged for spending more than your available balance. | | SVC CHRG | Service Charge | Monthly account fee or transaction limit fee. |
TD Bank uses WPS for several reasons:
A: This is rare but possible if you received an incoming wire from another TD Bank customer. Incoming wires sometimes show WPS on the receiving end.