Electronic Funds Transfer (EFT) | Business Banking Payments | HSBC Canada

Payment solutions

Electronic Funds Transfer (EFT)

HSBC's EFT service can give your business the convenience of making Canadian and US dollar payments electronically between any account in Canada.

Process multiple payments electronically

Simplify funds disbursements to suppliers, shareholders, employees, and other business partners and organizations with EFT.

Versatile payment options for a wide variety of needs
  • Fast and reliable delivery of payments
  • Automated settlement and reporting
  • Negotiate better terms with your vendors by using a low-cost, electronic payment alternative
  • Improve vendor satisfaction with payee remittance notices that allows them to reconcile payments against their invoices
A flexible, yet powerful electronic alternative
  • Submit instructions and receive data transaction reports online
  • Warehouse future-dated payments and set up and initiate recurring payments
  • Integrate with popular accounting packages and resource planning systems
  • Debit your account on the payment's value date
  • Convenient, knowledgeable support through a toll-free telephone help desk
Added security and control
  • Reduces the risk of lost and stolen cheques, as well as cheque fraud and forgery risks
  • Protect your business from fraud through debit blocks and filters
  • Protect your sensitive bank information while increasing electronic payment receipts

Questions? Ready to get started?

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Questions? Ready to get started?

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Real-time account access

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