The FedACH International Canada Service enables U.S. financial institutions to send ACH credits and debits to Canada with the option of having the payment received in Canadian or U.S. dollars, depending on U.S. customer preference. Canada ConnectionSM, an easy-to-remember promotional name and marketing kit, helps your institution promote this cost-effective channel of cross-border payments to U.S. companies and individuals sending payments north of the border, such as credits for payroll, pension, annuity or utility payments or debits from consumers or companies in Canada for bills owed in the United States.
"Our customer is an agricultural business that is sending commissions to Canadian businesses. Without the FedACH International Canada Service, this customer would have to pay a lot more to send payments via wire or check, or open up accounts in Canada."
– Brice Feldt, senior vice president of information technology, Silver Lake Bank
Read more (PDF)
See how the FedACH International Canada Service can help your organization. Request a customized value calculator from your FedACH Sales Specialist to evaluate this option for your institution
To start using the FedACH International Canada Service, visit the Service Setup page or contact your FedACH Sales Specialist.
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