Let your money do the work for you with great rates.
This service facilitates the processing and settlement of pre-authorized debits and direct deposit transactions, to and from suppliers, customers and employees.
It’s ideal for processing payroll, paying suppliers, collecting payments from customers, and collections. We offer this service through a web-based platform called PaymentStream™ AFT.
|PAYMENTSTREAM AFT SERVICE||SERVICE DESCRIPTION||FEES|
|Originator Setup||Set up originator identification number for a business||$150|
|Additional Originator Setup||Set up additional originator identification number||$75|
|Transaction Charge||Fee per debit and credit accumulated and charged monthly||$0.25 per transaction|
|Fee charged for every AFT file released
*Transactions with a due date of 14 days or less can be confirmed and released at one time
|$10 per file|
|Fee charged monthly for AFT file(s) released||$50 per month|
|File Upload||Fee charged per AFT file uploaded||$10 per file upload|
||A Soft Token is an app that can be installed on user’s mobile device for two-step authentication when logging in||Free|
|Statement Retrieval||FirstOntario provides monthly statements
*A self-serve option is available at no charge
|$5 per statement|