An Electronic Funds Transfer allows you to send money electronically. The name ‘Electronic Funds Transfer’ refers to the electronic transfer of currency from one financial institution to another. An electronic funds transfer need not require the direct services of your bank as the money is transferred online. Funds are transferred securely from one party to the other without incurring unnecessary fees or other costs.

Electronic Funds Transfers are governed by the Canadian Payments Association. In this system of sending money, the banking information of both the sender and recipient is encrypted to protect it from being fraudulently obtained.

Signing up Electronic Funds Transfers can make it easier for businesses to manage their payroll, collect monthly fees, dues, or rent, make or collect charitable donations, make payments to their vendors and receive payment from their customers.

With two separate locations in downtown Vancouver and beautiful West Vancouver,  Finex Forex Services has been safely facilitating Electronic Funds Transfers for over a decade. It’s quick and easy to get setup with Electronic Funds Transfers. Once a file is set up, payments will be processed on the dates that you indicate.

Please contact us to speak to one of our representatives to discover whether Electronic Funds Transfers may be right for your business.