Automated Funds Transfer

Are you looking at streamlining your business payment processes?

Pre-authorized debits and direct deposit transactions speed along quickly with increased accuracy and fewer delinquencies with Automated Funds Transfer (AFT).

Initiate Direct Deposits:

  • Payroll
  • Accounts Payable Items

Collect Payments:

  • Loans/Mortgages
  • Accounts Receivable
  • Strata/Condo Fees
  • Donations/Pledges
  • Utility Bills
  • Business/Property Taxes

How does it work?

The AFT service resides on one centralized database and is integrated into the PaymentStream™ platform to unify and standardize AFT processes and scheduling and provide universal support.

With self-serve PaymentStream™ Automated Funds Transfer (AFT), you'll have:


  • The ability to send (originate) same-day AFT credits. You'll get your money quickly and reduce delinquencies.


  • Enhanced originator ID limits help mitigate risk.
  • Dual Authorization for added risk mitigation


  • You can release AFT transactions up to 14 calendar days in advance.
  • Avoid printing or receiving cheques by automatically transferring funds from one account to another. It's efficient, affordable, and will improve your accuracy. 
  • The ability to download AFT product reports in CSV and PDF formats.
  • Increased record retention - up to 18 months of history.
  • You'll get real-time file validation during the file upload and release process.
  • Email confirmations for File Upload and Manual Release only when a file is validated successfully – fewer emails!

Note: You can originate U.S. dollar transactions if the recipient's account is at a Canadian financial institution.

You'll require 2-Step Security to access PaymentStream™ AFT which includes:

  • A username and password and
  • a Soft Token on a smartphone for instant access. (Hard tokens are available at a cost.)

Have questions or need more information, email us at