Valley First

Electronic Funds Transfer

Paying employees, paying bills and collecting payments is simple with our Electronic Funds Transfer (EFT) powered by PaymentStream service. EFT is more cost effective than writing cheques, plus you’ll notice improved cash flow.

Manage Cash Flow

Use this handy financial projection & cash flow worksheet to organize your business finances.

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Key Features & Benefits

Regulated by the Canadian Payments Association, Electronic Funds Transfer (EFT) is a convenient and cost-effective way to deliver or receive payments to and from accounts held at various financial institutions.

  • You’ll save time and money by skipping the process of writing, mailing and tracking cheques.
  • You’ll improve your cash flow by speeding up the process of incoming and outgoing payments.
  • Tracking EFT transactions is simple with our online system—much easier than tracking incoming and outgoing cheques.
  • You’ll minimize your exposure to risk and fraudulent transactions.
  • Your financial information and your privacy are secure while using our EFT service.

Whether you need to pay employees and suppliers, or collect payments from your customers, EFT will accommodate all types of businesses such as, payroll processors; property management, leasing and rental companies; fitness centres and gyms; manufacturers, retailers, charities, insurance companies—the list is endless.

How It Works

Using EFT

  • Electronic Funds Transfer is accessible through a secure, user-friendly web based application called Customer Automated Funds Transfer (CAFT).
  • Once you’ve got the authorization from us to send or receive funds, you can input and store customer EFT information in the CAFT database for one-time or recurring transactions.
  • Alternatively, you may also use off-the-shelf commercial or proprietary accounting software to upload a transaction list file to the CAFT server, provided the file meets the CPA Standard 005.
  • The CAFT application also provides the ability to generate and download transaction reports.
  • The unique CAFT application allows you to set up a variety of payment frequencies (e.g. weekly, monthly, etc.) and you can create a single future-dated transaction, or set up recurring payments.

Have a question? Simply contact us and we'll provide you with the information you're looking for.


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