Electronic Funds Transfer

NPSCU offers two EFT services (also known as automated fund transfer, pre-authorized payments and pre-authorized debits) that your business can use for a variety of purposes:

  • Direct deposit for in-house payroll
  • Monthly membership fees (e.g. health club)
  • Monthly maintenance fee or rent (e.g. strata fees)
  • Recurring payments to suppliers
  • Donation collection for charities and non-for-profit organizations
  • Collecting payments from customers

EFT services are offered in partnership with Credit Union Central of BC (CUCBC).

Customer Automated Funds Transfer (CAFT)

  • Secure, web-based application
  • Data input and maintained by you on our secure database
  • Reports available online and in downloadable format

Automated Funds Transfer (AFT)

  • File-based in either ASCII or text format
  • Files generated by your accounting, payroll or property management software uploaded to our server (Download file specifications)
  • Reports generated for download from our secure server

Deadline for receipt of files at CUCBC is 2:00 pm PST two days before your transaction due date. This lead time ensures that your EFT transactions can be processed by the other financial institution by the due date.

For more information on these services, or to sign up for one of the services, please contact your account manager or your NPSCU branch.