CAFT is our online service for businesses that want to use pre-authorized debits and direct deposit for their regular transactions.
What Is CAFT?
It's a secure web-based application that provides credit union members the ability to generate electronic deposits and pre-authorized debits. CAFT (Customer Automated Funds Transfer) access allows you to move money electronically between Canadian Financial Institutions. These electronic files are called AFTs (Automated Funds Transfer).
Do you regularly receive payments from the same individuals?
Do you have multiple suppliers to pay?
Do you own a rental property and collect payment from your renters and would like to do it electronically?
Do you have a business and would like to pay your employees electronically?
Do you collect club fees or dues?
Do you collect condo fees?
If you answered “yes” to any of the questions above, Business CAFT could be the right solution for you!
Use CAFT For The Following Automated Transfers:
Any regular receipt of funds
Not Sure If Business CAFT Is For You?
Get in touch with our account managers and find out if CAFT is the solution you're looking for!