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Customer Automated Funds Transfer (CAFT)

Customer Automated Funds Transfer (CAFT)

SVCU offers this web based solution exclusively for businesses who want to set up pre-authorized debits or credits with employees, customers and suppliers via other Credit Unions or financial institutions across Canada. The benefits of CAFT include automatically transferring funds from one account to another, without having to print or use cheques.

The CAFT system is compatible with most accounting software programs and provides the option to enter data manually. Other features of CAFT are flexible user permissions, automatic due date calculation and release, flexible search criteria, mass changes and update capabilities, complete history viewing and email notification.

Contact us today to see how CAFT can positively impact your business. CAFT@svcu.mb.ca
• Payroll
• Accounts payable
• Accounts receivable
• Rent/Mortgage/Loan payments
• Membership fees
• Utility Bills & Business/Property Taxes
• Charitable donations
• Any regular receipt of funds
SERVICE CHARGES                                                                                                                                                                    FEES
Application & Set Up (one time fee) $75.00
File Release $2.00/Per File
Debits & Credits 10₵/Transaction
Recalls, Reversals or Rejects 20₵/Transaction
Automatic Release       $10.00/Monthly
Changes to CAFT Profile $15.00
Manual Traces $15.00
Manual Recalls $15.00
Manual Return Item $15.00
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