Payroll services & payment collection

Customer Automated Funds Transfer (CAFT) is an online service exclusively for businesses wanting to create and deliver pre-authorized debits and direct deposit transactions to Canadian financial institutions. CAFT lets your business avoid the printing or receipt of cheques by automatically transferring funds from one account to another.

CAFT is the most efficient, easiest and cost-effective way for business members to manage incoming and outgoing payments. CAFT means faster receivables, increased accuracy and fewer delinquent payments for your business. Not surprisingly, it’s now the preferred way for businesses to process payroll and monthly invoices.

CAFT allows you to move money electronically between Canadian Financial Institutions. Using CAFT, you can initiate payment transactions for things like:

  • Direct deposit payments for payroll
  • Accounts payable You can also collect payments for things like
  • Accounts receivable
  • Member/Club fees or dues
  • Rent
  • Condo fees
  • Donations or pledges
If you would like to sign up for payroll services, we'd love to help:

Apply Now

From the desk of our CEO

Federal Continuance

For information on upcoming changes to DEPOSIT INSURANCE if we become a federal credit union, see our disclosure notice. Creditors who have concerns may contact Innovation Credit Union.

Caring Company