Coming soon

Canadian EFT

Canadian EFT is a direct debit method. Customers pay by: pre-authorised debit.

Category
Bank payments
Type
Direct debit
Customer experience
Pre-authorised debit
Currencies
CAD
Markets
1 countries
Recurring
Not supported
Refunds
Full and partial
Payment links
Supported
Hosted checkout
Supported
API
Supported
Settlement
Same day to T+2 once the bank credit is confirmed

Available through The Vision Bank

On the roadmap. Not yet contractable — timing depends on partner and licensing progress.

Availability depends on your merchant country, legal entity, customer country, industry, risk classification, currency, product and payment-partner coverage. Nothing on this page is an offer of service.

Check eligibility

Pricing for Canadian EFT

One rule everywhere: the underlying provider cost plus a $1.00 per transaction Vision markup. Scheme, network and FX charges are always shown separately, at cost.

Underlying provider cost
Provider cost band, typically $0.20–$1.50 per transfer
Vision markup
$1.00 per transaction
What you pay
Provider cost + $1 per transfer
Scheme & network charges
Correspondent or high-value rail charges billed at cost where they apply
Currency conversion
FX applied only on cross-currency transfers
Settlement
Instant to T+2 depending on the rail

These bands show how a price is built, not a quote. Your rate is confirmed at onboarding once your entity, industry, volume and markets are reviewed.

Partner infrastructure

Canadian EFT is processed through regulated infrastructure. Partner identities are disclosed only where the relationship is confirmed and cleared for publication.

  • Tier 1 banking partners

    Large, systemically important banks that hold client funds, issue IBANs and clear major currencies.

    Same-day to T+1 in the settlement currency

  • Tier 2 banking partners

    Regional and specialist banks used for domestic clearing, local currency accounts and corridor coverage.

    T+0 to T+2 depending on the domestic rail

  • Licensed payment partners

    Regulated payment institutions and acquirers that hold the scheme memberships and licences required to process a method.

    T+1 to T+5 depending on scheme and risk profile

Eligibility & requirements

Every merchant

  • · A registered business entity with incorporation documents
  • · Identification for directors and beneficial owners (KYC / KYB)
  • · Description of the business model, products and customer base
  • · Expected monthly volume, average transaction size and target markets
  • · A live website or product with clear terms, refund and privacy policies
  • · Sanctions, AML and risk screening of the entity and its owners

Entity

  • · Registered entity
  • · Account in the currency of the rail

Technical

  • · Reconciliation against reference or virtual account
  • · Mandate capture for direct debit

Compliance

  • · Mandate and authorisation records for pull payments
  • · Return and dispute handling

Markets where customers use it