Direct debits and credits
Pull from and push to Canadian bank accounts, with the file formats and settlement timing the banks use.
Send and collect payments through Canadian bank accounts
EFT Rails provides EFT credits and pre-authorized debits through an API and a dashboard, with reconciliation against bank reporting.
Talk to usWhat we do
Reconciliation
Every payment, return and settlement is matched to the bank's reporting. The records are kept for the period the rules require.
API first
Everything the dashboard shows is available through the API, and nothing is available only in the dashboard.
Common questions
What does EFT Rails do?
EFT credits to Canadian bank accounts, pre-authorized debits from them, and the reconciliation of both against the bank, through an API and a dashboard.
Who is it for?
Businesses that pay staff, suppliers or customers in Canada, and businesses that collect from customers by pre-authorized debit, including lenders.
Where is the company based?
EFT RAILS INC is a British Columbia company.