Is this right for you?

Electronic Funds Transfers let you electronically debit or credit Canadian and U.S. dollar accounts at any financial institution in Canada. Whether you need to pay employees or suppliers or collect from your customers, EFT adds up to better managed payables and receivables.

Now you can initiate electronic funds transfers on the web, through DirectLine® for Business, our Internet-based cash management portal. Our sophisticated post-file delivery functions give you added control by allowing you to recall, trace and correct payments online.

The Details

• Flexibility, control - in addition to controlling the timing of payments, you can trace payments, recall items or files and make corrections online.
• Reduced operating costs - EFT reduces costs associated with paper-based payment processing, such as postage, cheque stock and envelope costs.
• Time savings - EFT also reduces time spent mailing, reconciling, processing and depositing payments.
• Improved security - EFT reduces the risk of lost, stolen or forged cheques.

The Next Step

To discuss further, contact us at
1 877 262-5907
or visit your BMO Bank of Montreal branch.