Canadian EFT
Electronic Funds Transfer, commonly referred to as EFT, transfers are bank to bank transfers in Canada. EFT is very similar to ACH in the United States. These payments can include bill payments, person to person payments, direct deposits, and fund transfers.
Settlement Time
?
These are push transfers from your bank account to an external bank account.
Credit
?
These are push transfers from your bank account to an external bank account.
Credit Reversable
Debit
?
These are pull transfers from an external bank account to your bank account.
Debit Reversable
1-2 days
Yes
Yes
Yes
Yes
Updated over 3 years ago