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Customer Automated Funds Transfer (CAFT)

Make payments (ex. payroll) and take payments (ex. rent) without the hassle of cheques.

Why Cambrian? Our purpose is to save, solve and simplify.

 As a credit union, we offer a full suite of business products and services to simplify your operations and grow your business.

Make payments conveniently.

Set up one-time or recurring transactions to be processed automatically on the day you choose.

With no software to install, you can setup or edit your payments via a secure online site anywhere you have internet access.

Gain peace of mind.

When you use Customer Automated Fund Transfer, you don’t have to worry about securing the access to cheques, the delay and cost of mailing payments or the time it will take for a cheque to clear.

Instead, you only need to manage access to the system based on your business needs for the peace of mind that automated payments will be securely processed on the set date.

Benefit from flexibility.

More than managing payroll and rent payments, Customer Automated Funds Transfer lets your business automate the following payments:

  • Payroll
  • Accounts payable
  • Accounts receivable
  • Rent payments
  • Membership fees
  • Charitable donations
  • Any regular receipt of funds

Simplify payments and accounting.

Many accounting programs are compatible with the Customer Automated Funds Transfer system, allowing you to upload transactions directly as well as manually. It offers a flexible search criteria and the ability to make changes and updates in mass.

Step 1:
Initial Meeting

As a first step, our Business Services Team will meet with you via video or phone to determine the required setup of the CAFT system for your business.

Book a meeting

Step 2:
Setup

Our team will work with you to configure the Customer Automated Funds Transfer system, including transaction dollar limits and individual access limits. There is an initial setup fee of $100.

Step 3:
Your payments are automated!

Your automated payments are now setup and will be automtically processed as per the set schedule.