CHEQ-IT offers an Electronic Funds Transfer (Direct Deposit) option that allows CHEQ-IT clients to electronically transfer payments through their financial institution
WITH ONE TRANSACTION FEE PER BATCH OF PAYMENTS
The EFT module in the CHEQ-IT software allows you to pay your vendors and suppliers in one transaction run.
There are multiple ‘state of the art’ security features built into the system. EFT eliminates the need for printed cheque stock, postage and envelopes.
Payments are processed with automatic email confirmations to all your recipients.
Reconciliation reporting will also be generated within minutes.
Increasingly suppliers are asking to be paid by direct deposit. With our Electronic Funds Transfer (EFT) option, you can setup any supplier to automatically receive direct deposits from your company using CHEQ-IT EFT.
The CHEQ-IT system has the flexibility to process either paper cheques or EFT’s as applicable.
Suppliers enjoy the convenience of being paid by your EFT transaction and they receive notification by email that the payment has been sent.
PAYMENTS ARRIVE ON TIME