Customer Automated Funds Transfer (CAFT)
CAFT is our online service for businesses that want to use pre-authorized debits and direct deposit for their regular transactions. Pay staff and suppliers, accept money from customers and transfer funds to accounts at other financial institutions across Canada – all without having to print or use cheques.
CAFT leaves an audit trail, and is safe, smart, and very cost-effective.
Use CAFT for the following automated transfers:
- Payroll
- Accounts payable
- Accounts receivable
- Rent payments
- Membership fees
- Charitable donations
- Any regular receipt of funds