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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 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 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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