Funding Options for Electronic Payments

Andrea
Andrea
  • Updated

We offer a number of methods to fund your employee payroll. Each option has its advantages and you can select the one that best fits your business and how you run payroll.

Pre-authorized debit

With this method, we automatically debit your company / source bank account for your payroll obligations and then make payments on your behalf to your staff and vendors. This option must be completed 3 business days in advance of the payment date.

Wire transfers

With this method you should fund your payroll at least 2 business days in advance of the payment date. Wire payments are initiated by you and your bank. Funds must be in Canadian dollars. For this option please contact us for our receiving bank details.

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