CWB Canadian Western Bank

Customer Automated Funds Transfer (CAFT)

Managing payments made easy

With CAFT, remitting and receiving payments is quick and convenient.

  • Transfers offer added efficiency by validating bank transits and other information online.
  • Setup fees are waived when bundled with a Cash Management Account.
  • The online system eliminates cheques, envelopes and mail costs, and simplifies your cheque reconciliation. 
  • Pre-authorized debits for payment collection from your clients, such as rent and lease payments
  • Transmit funds to payees, such as employee payroll or monthly accounts payable
  • Detailed reporting for your records
  • Provides an efficient process for clients to remit and receive payments
  • Set-up fees waived when bundled with a Cash Management Account
  • Eliminates the need to prepare cheques, envelopes and mail costs, and cheque reconciliation
  • Manage rejects/ recalls quickly and efficiently

New originator set-up fee - $75.00
Credits - per transaction - $0.24
Debits - per transaction - $0.24

Get started now

Stop by your local branch or call today to get started. One of our business banking specialists will be pleased to help you.

Find a branch near you