Customer Automated Funds Transfer (CAFT)

What is CAFT?

CAFT is a system that enables you to move funds electronically between Canadian financial institutions. This includes direct deposit payments for payroll, settling payables, and collecting receivables.

Running a business comes with plenty of moving parts, and keeping your finances organized shouldn’t be a headache. That’s where our Customer Automated Funds Transfer (CAFT) service comes in—a simple, efficient way to handle electronic transactions.

Benefits of Using CAFT:
  • Time Efficiency: Automate routine transactions, reducing manual processing time.​
  • Accuracy: Minimize errors associated with manual data entry.​
  • Compliance: Easily adhere to regulatory requirements, such as those from the Canada Revenue Agency (CRA).​
  • Cost Savings: Lower administrative costs by streamlining payment and collection processes.​
How to Get Started:

To integrate CAFT into your business operations, please contact us. Our team will guide you through the setup process and answer any questions you may have.​

At Prosperity Credit Union, we're committed to providing tools like CAFT to support your business's financial health.

Need help? Talk to an Advisor!