DCH manages the risk of cheque fraud through a combination ...



Electronic Funds Transfer

Quickly and easily debit or credit accounts at any Financial Institution in Canada.

Canadian banking services made easy

’s Canadian cash management services are made possible through our partnership with BMO Capital Markets® (BMO), a part of BMO Financial Group, one of the largest diversified financial services providers in North America. This partnership allows you to enjoy the ease and convenience of complete North American banking, while retaining as your sole point of contact.

Intro summary

Web-based electronic funds transfers (EFT) are an ideal way to pay employees and suppliers and collect customer payments. They can help you achieve more predictable cash flows, reduce costs and make informed business decisions.

Achieve more predictable cash flows

Managing payments online is simple. You group similar transactions – such as your payroll or receivables – into a single Canadian and/or U.S. dollar payment file and send it to us. We store the transactions and process them on the value date you specify. Since you can send us your payment instructions in advance, you can be assured that your funds are collected or disbursed on the due date specified. In addition, you help mitigate the risk of fraud because, unlike paper checks, EFT payments cannot be lost or stolen and have significantly reduced chances of being fraudulently altered.

Reduce costs

EFT helps eliminate the cost of postage, check stock and return envelopes. And since the need to process large volumes of incoming checks is removed, your employees are afforded the time to perform more value-added tasks.

Access critical information for auditing and tracking

View reports onscreen or download them to your PC where you can import them into a spreadsheet, word processing, or other application. EFT provides timely confirmation of your payment files’ status, information on rejected and/or returned items, and the ability to monitor the processing status of all your payment files.

EFT can help you:

• Verify the dollar value and number of transactions at any time.

• Identify rejected items so you can investigate promptly.

• Correct rejected items online, so there’s no need to re-transmit your file.

• Automatically or manually re-submit non sufficient funds (NSF) or funds not cleared (FNC) returned items.

• Easily recall and correct payments online.

Electronic Funds Transfers will benefit your business if you:

• Pay employees, suppliers and utilities.

• Collect payments from customers.

• Need to improve security by reducing lost, stolen and forged checks.

• Wish to reduce late payments and associated charges.

Banking requirements

Your credits can be funded through a settlement risk line of credit.

Minimum technical requirements

• Internet Explorer 6, 7, 8. For the best online banking experience, Internet Explorer 8 is recommended.

• 486/66-Mhz processor or higher (Pentium® III Processor recommended) with a Windows® based operating system (Windows Me, NT® 4.0 with SP6a and higher, 2000, or XP)

• Access to Online Banking for Business

Other Canadian Cash Management Services

We help you maximize your working capital, better understand your cash position, and make informed financial decisions. Ask us about the full range of Canadian Cash Management services that we have to offer.

Call to action

To learn more about how EFT can improve your Canadian Cash Management Service, contact your sales representative at or visit us at .

Legal: [To appear if BMO logo and/or name appear. Only include “Other trademarks” legal if they appear on the sheet as well.]

Treasury Management services provided by Bank of Montreal.

BMO Capital Markets is a trade name used by BMO Financial Group for the wholesale banking businesses of Bank of Montreal, BMO Harris Bank N.A. and Bank of Montreal Ireland p.l.c., and the institutional broker dealer businesses of BMO Capital Markets Corp., BMO Nesbitt Burns Trading Corp. S.A., BMO Nesbitt Burns Securities Limited and BMO Capital Markets GKST Inc. in the U.S., BMO Nesbitt Burns Inc. in Canada, Europe and Asia, BMO Nesbitt Burns Ltée/Ltd. in Canada, BMO Capital Markets Limited in Europe, Asia and Australia, BMO Advisors Private Limited in India and Bank of Montreal (China) Co. Ltd. in China.

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