What it is
A self-serve platform to process and settle pre-authorized debits and credits.
Great if
You send more than 10 recurring transactions electronically.
Set up your transactions once, and you won’t need to re-enter the data again. You can process AFT debits for donations, strata fees, membership dues and more, or send same-day AFT credits for payroll and payments to vendors.
Safely send and receive money with two-step verification and optional dual authorization. You’ll also get real-time file validation during file upload and release process.
You can process your transactions in the PaymentStream AFT web-based application or use your accounting software to create a file to upload to Central 1 in the CPA Standard 005 format.
Ability to release transactions up to 14 calendars days in advance for data entry and 45 days for file upload.
Increased record retention and the ability to download most reports in CSV and PDF formats.
Ability to send either Canadian or US dollar transactions, as long as your recipient’s account is held at a Canadian financial institution.
File upload and manual release email confirmations sent only when a file is validated successfully. You’ll still receive email confirmation for automatic release if a transmission is rejected.
Added risk controls with optional dual authorization, where one user submits and another user approves before the file is released.
Fees | Setup, release and transaction fees apply |
Eligibility |
Ideal candidates will be Vancity business members in good standing. When applying, you may be asked to share the following:
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Already using PaymentStream AFT? Browse our guides and training videos for step-by-step instructions on how to upload your files, release data and more.
Get the resourcesCome see us in person at one of our 50+ branches in the Lower Mainland, Fraser Valley, Greater Victoria and Squamish area.
Find a branchMetro Vancouver: 604-877-7000
Greater Victoria: 250-519-7000
Toll-free: 1-888-826-2489
If this product doesn’t match your needs, here are other solutions we’ve selected for you.
Great for sending individual transactions under $6,000 and up to $40,000 per month.
Pay multiple employees or contract workers or send transfers to vendors in real-time with immediate confirmation.
Great for receiving more than 50 payments per month from regular customers.
Let your customers add your business as a payee to their online banking system so they can pay you electronically.
View legal details
®Interac e-Transfer is a registered trade-mark of Interac Corp. Used under license.