Skip waiting for cheques with Electronic Funds Transfer (EFT).
Save time and money
Eliminate the uncertainty that comes with receiving cheques and the time it takes to deposit them while offering your customers a convenient way to pay.
Control your receivables
Take control of your cash flow by knowing when and how much money is coming into your business.
Schedule incoming payments easily
Spend more time growing your business and less time on cheque-related tasks with future-dated transactions and real time reporting.
Handle individual business transactions
You’re covered for single collections, like getting paid for an equipment sale or other product purchase.
Prioritize security and control
Customize your user access, reporting and workflow approvals to meet your Single EFTs Collect Money needs.
Collect payments quickly
Need to make a last-minute collection? Access the funds on time with Single EFTs Collect Money.
Frequently Asked Questions
Single EFTs Collect Money and Pre-Authorized Debits can't be used for cross-currency and cross-border payments. It's a convenient option for transactions in Canada.
CAD Single EFTs Collect Money and Pre-Authorized Debits will be processed on the same day as long as they're submitted before 5:30pm MT.
USD Single EFTs Collect Money and Pre-Authorized Debits must be submitted one business day before the earliest transaction due date.
Customize your user access, apply workflow approvals and create transaction limits based on your business needs.
Yes, an agreement is required with the payee to use Single EFTs Collect Money or Pre-Authorized Debits, which is submitted and approved by ATB prior to setup.
Yes, you can save customer details for those you collect funds from.
Ready to get started?
Still getting paid with cheques? With Pre-Authorized Debits, there's a better way.