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Ensure timely delivery and reduce the costs associated with cross-border payments of all types for your one-time and recurring disbursements into Canada. The FedACH International1 Canada Service, provided by the Federal Reserve Banks and Scotiabank, links the U.S. and Canadian electronic payment networks, allowing you to send payments via the same ACH process used to send domestic payments.
Features
- Deliver payroll and pension payments to Canadian beneficiary bank accounts on requested due dates by opening of business day
- Send one payment file in standard ACH format to your U.S. financial institution
- Payments delivered in either Canadian or US dollars
- Competitive bulk foreign exchange rates
- Supports debit and credit payments
- No deductions from payment amount
Benefits
- Provides a reliable, effective method of sending secure payments into Canada using the ACH process
- Early morning availability of funds
- Eliminates the high cost of international money orders and wire payments, and reduce foreign exchange costs.
Detailed Product Sheet
For more information about this service, please contact us.
1The financial services logo, “FedACH International” and “FedACH” are registered service marks or trademarks of the Federal Reserve Banks. A complete list of marks owned by the Federal Reserve Banks is available at www.frbservices.org
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