How to set up Canadian Payments (Local EFT payment method) – Avinode Group

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Time Frame Overview

Payment Type	SWIFT (Priority)	Local (Regular)
Cutoff time (UK Time)	4:45 pm	4:00 pm
Delivery time frame	0 days	0 days
Maximum payment size	No limit	CAD 200,000
Payment Scheme	SWIFT	Electronic Funds Transfer (EFT)
Destination countries	Any (excluding sanctioned countries)	Canada
Traces	Yes	No
Recalls	Yes	No
Ultimate payer displayed?	Yes	No

To set up Canadian EFT payments

Step 1 - add Beneficiary and choose Regular payment method. In the event that you decide to make a Swift payment in the future, you may also choose to enter the Swift payment details.

Step 2 - add the EFT payment details.

For more details on how to set up a Beneficiary follow this link - Add or Set up a Beneficiary to Pay

Additional Information

Required Details for Local (Regular) Canadian EFT Payment

Field	Individual	Company	Permitted Data	Notes
Beneficiary Entity Type	✓	✓	‘individual’ or ‘company’ only
Beneficiary First Name	✓	✕	1-255 characters*
Beneficiary Last Name	✓	✕	1-255 characters*
Beneficiary Company Name	✕	✓	1-255 characters*
Beneficiary Address	✓	✓	1-255 characters*
Beneficiary City	✓	✓	1-255 characters*
Beneficiary Postcode	✓	✓	1-12 characters*
Beneficiary State or Province	✓	✓	1-255 characters*
Beneficiary Country	✓	✓	1-255 characters*
Account Number	✓	✓	7-35 digits	We validate that the account number provided is a valid one. We do not currently perform checks against the account name.
Bank Code	✓	✓	3 digits	Also known as ‘(Financial) Institution Number’. The Bank Code indicates which bank the payment should be sent to. The full list of Bank Codes is available at Payments Canada. A combination of Bank Code and Branch Code is often referred to as a Routing Number. A Routing Number takes the format 0XXXYYYYY and is made up of: a leading 0 the 3 digit Bank Code (XXX), the 5 digit Branch Code (YYYYY). A Routing Number of 034300012 represents Bank Code 343, Branch Code 00012.
Branch Code	✓	✓	5 digits	Also known as ‘Transit (Branch) Number’. The Branch Code indicates which branch at the bank the payment should be sent to. The full list of Branch Codes is available at Payments Canada. A combination of Bank Code and Branch Code is often referred to as a Routing Number. A Routing Number takes the format 0XXXYYYYY and is made up of: a leading 0 the 3 digit Bank Code (XXX), the 5 digit Branch Code (YYYYY). A Routing Number of 034300012 represents Bank Code 343, Branch Code 00012.
Payment Currency	✓	✓	3 letter ISO currency code
Payment Amount	✓	✓	Numeric amount
Payment Reference	✓	✓	1-255 alphanumeric characters	The scheme only supports 100 alphanumeric characters. The reference field will be truncated to fit this limit.
Payment Reason	✓	✓	1-255 alphanumeric characters
Payer Entity Type	✓	✓	‘individual’ or ‘company’ only
Payer First Name	✓	✕	1-255 characters*
Payer Last Name	✓	✕	1-255 characters*
Payer Company Name	✕	✓	1-255 characters*
Payer Address	✓	✓	1-255 characters*
Payer City	✓	✓	1-255 characters*
Payer Postcode	✓	✓	1-12 characters*
Payer State or Province	✓	✓	1-255 characters*
Payer Country	✓	✓	2 letter ISO country code
Payer Date of Birth	✓	✕	ISO 8601 format (YYYY-MM-DD).

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Time Frame Overview

To set up Canadian EFT payments

Additional Information

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