Compare · Payments
TuringDock vs TD
TD is a world-class Canadian bank with the deepest US cross-border footprint of the Big 5. Its international wire product is a general-purpose business banking feature, not a manufacturer's payments workflow. For someone placing 10–40 international POs a year it stays slow, opaque, and disconnected from the POs those payments belong to.
| Attribute | TD | TuringDock |
|---|---|---|
| Settlement speed | 3–5 business days. | Supplier paid within the hour once your funds reach us. Instant once you've made 3 clean payments. |
| Landed amount | Correspondent deductions along the way. Your supplier gets less than you sent. | Exact landed amount, known up front. |
| Tracking | Confirmation email on send. Silence until it lands. | Live status in TuringDock and your chat. |
| When a payment snags | Call the business banking line. Hold music. Days. | Inline reason on the PO. Alan tells you why. Retry in place. |
| Where the payment lives | Separate wire portal. Re-key the PO reference every time. | Inside the purchase order. One click to pay. |
| Fees | $30–50 per wire, plus a markup buried in the rate. | One flat, transparent fee per payment. No correspondent deductions. |
| Gets better with use | A wire is a wire. Same friction every time. | A trust ladder: pay-when-funded → instant → net terms as you build history. |
Settlement speed
TD
3–5 business days.
TuringDock
Supplier paid within the hour once your funds reach us. Instant once you've made 3 clean payments.
Landed amount
TD
Correspondent deductions along the way. Your supplier gets less than you sent.
TuringDock
Exact landed amount, known up front.
Tracking
TD
Confirmation email on send. Silence until it lands.
TuringDock
Live status in TuringDock and your chat.
When a payment snags
TD
Call the business banking line. Hold music. Days.
TuringDock
Inline reason on the PO. Alan tells you why. Retry in place.
Where the payment lives
TD
Separate wire portal. Re-key the PO reference every time.
TuringDock
Inside the purchase order. One click to pay.
Fees
TD
$30–50 per wire, plus a markup buried in the rate.
TuringDock
One flat, transparent fee per payment. No correspondent deductions.
Gets better with use
TD
A wire is a wire. Same friction every time.
TuringDock
A trust ladder: pay-when-funded → instant → net terms as you build history.
What TD does well
TD is the second-largest Canadian bank and has the deepest US presence of any Canadian bank, with TD Bank operating across the US Northeast. If a meaningful share of your suppliers, customers, or operations is US-based, TD's cross-border banking infrastructure is genuinely better than most. For Canadian-domestic deposits and commercial banking relationships, TD is an obvious choice.
Why TuringDock
The Big 5 banks were not designed to be the operating layer for an international supply chain. TD's wire product was built for occasional cross-border transfers in a commercial relationship. It lives in a portal separate from your purchase orders, takes days to land, and goes quiet the moment it leaves. TuringDock puts payment inside the PO: one click to pay, live status back in the PO, and Alan surfacing the reason inline if anything stalls.
The point is speed and certainty. On your first payment you wire funds to us only once a PO exists, nothing parked or pre-funded, and the moment those funds land your supplier is paid within the hour at an exact landed amount. It gets faster as you go. After 3 clean payments you hit pay and the supplier is paid instantly while your wire settles to us in 24–48h. Net terms, repaid in 30–60 days and underwritten on your own TuringDock history, are coming for established customers.
Common questions about TuringDock vs TD
- How fast does my supplier actually get paid?
- On your first payments, your supplier is paid within the hour from the moment your funds reach us (not bank-to-bank in an hour, but the last mile is fast and certain). After 3 clean payments you unlock instant: you hit pay, the supplier is paid immediately, and your wire settles to us in 24 to 48 hours, backed by verified bank linking.
- Do I have to pre-fund or park money?
- No. Nothing is pre-funded, parked, or locked. You wire funds only when a real PO exists, and the moment they land the supplier is paid. TuringDock is not a wallet you top up.
- What does it cost?
- One flat, transparent fee per payment, with the exact landed amount known up front and no correspondent deductions along the way. Pricing is in public beta while we work with the first cohort to settle it, so the fee is a placeholder for now, not a published rate.
- Can I keep my TD business account?
- Yes. TuringDock sits alongside your operating account. Your CAD banking (payroll, GST/HST remittance, day-to-day) stays at TD, and if you bank with TD specifically for its deep US cross-border footprint, you keep that. Supplier payments route through TuringDock, inside the PO.
- Is TuringDock a bank?
- No. Licensed payment partners move the money. Depending on the supplier, payout can be USDC to their wallet, USD to an offshore or Hong Kong account, or local currency via those licensed partners. TuringDock owns the MRP and the pay-button experience, currently in public beta with the first cohort.
See it for yourself. The free tier is genuinely free.