Electronic Funds Transfer (EFT)
EFT payments can be used for payment of salaries, standing deductions, invoices generated from an external billing system, fees, and payment of goods and services.
Benefits
- no more expensive cheque stationery
- no more manual printing, folding and mailing of cheques or remittances
- save time and avoid errors by eliminating duplicate data entries
- enhanced security, including reduced opportunity for cheque fraud, theft and loss
- streamlined processing means happier customers, vendors and employees
