Pre-Authorized Debits / EFT in Canada

Pre-authorized debits and electronic fund transfers are a convenient and cost-effective way to pay-by-bank online in Canada.

Automatically send and receive funds

With pre-authorized payments, you can automatically complete transactions to and from bank accounts. Canadian businesses use the EFT payment method for a variety of reasons.

• Healthcare bill payments
• Recurring bill pay
• Subscription payments
• Membership fees

Benefit from pre-authorized debit and EFT payments

• Transparent, low cost pricing
• Reliable technology with 99.999% uptime
• Seamless integration into your payment solution
• Convenient setup for recurring payments
• Higher maximums than other money movement options

Get secure payment processing for EFT and card payments

Finix verifies bank account and card details, tokenizing sensitive account information to ensure each transaction is secure and compliant with Canadian regulations.

Once you’re approved with Finix, start transacting the same day. The Finix API supports all payment methods on one platform, through one integration.

• Instant bank account verification
• Check account balances
• Verify account ownership

Process transactions of all sizes

EFT is one of many payment methods Finix provides as a payment processor in Canada. Move large amounts of money or accept small, recurring charges with pre-authorized debits.

View EFT transaction details in your Finix dashboard

• See a historical log of all transactions
• Keep an eye on which transactions are in pending, succeeded, or failed status
• View transaction level fees in the API and dashboard

Dedicated support

With Finix, you’ll have a dedicated customer manager and access to 24/7 emergency support, 365 days a year. Contact us to make EFT Canada one of your preferred payment choices for secure, efficient, and reliable electronic funds transfers.

For businesses in the U.S., see ACH Payments.

Explore payouts insights

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  December 1, 2025
  
  Instant Settlements: How Real-Time Payouts Are Changing B2B Cash Flow \
  In a world where timing often means everything, B2B cash flow is being reshaped by real-time payouts. Traditional payouts, delayed bank transfers, paper checks, or legacy disbursement rails create cash flow friction, especially for businesses with high transaction volume, sub-merchant models, or payouts to globally distributed recipients. Real-time payout systems are beginning to bridge that gap. Visa’s Visa Direct enables funds to reach eligible debit or prepaid cards within minutes, or even under one minute for many recipients in the U.S. For companies, that speed can change everything: faster vendor settlements, instant payouts to sub-merchants or gig workers, and more predictable cash flow. With this shift, Finix, already a recognized payment infrastructure provider, is positioning itself as a leader in enabling instant settlements at scale. Below, I walk through how real-time payouts are transforming B2B cash flow and how Finix’s capabilities align to lead that transformation.](/content/resources/blogs/instant-settlements-real-time-payouts-b2b-cash-flow/index.html)

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  Payouts
  
  September 11, 2025
  
  Finix Payouts: Fast, Flexible, and Secure Payments for Service Providers and Gig Workers \
  Fast, Flexible Payments for Gig Workers and Service Providers For businesses that pay individuals, whether they are gig workers, babysitters, house cleaners, or independent contractors, efficient payout operations are crucial. Delayed or manual payments frustrate workers, increase support overhead, and can slow growth. Yet, many organizations still rely on spreadsheets, multiple providers, or manual workflows, which creates unnecessary risk and complexity. Finix Payouts is designed to remove these friction points. With a single API and push-to-card capabilities through Visa Direct and Mastercard Send, platforms and service businesses can automate payouts quickly, securely, and transparently. Whether it’s paying a nanny for weekly hours worked or sending tips to gig workers, Finix streamlines the process, allowing businesses to focus on their core operations rather than managing payment logistics.](/content/resources/blogs/finix-payouts-for-gigworkers-and-service-providers/index.html)

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  Payouts
  
  August 18, 2025
  
  Faster Funds, Stronger Platforms: How Instant Payouts Win \
  Why are Instant Payouts a Competitive Advantage? In today’s competitive landscape, there’s a growing need to reliably deliver funds quickly to sellers and service providers. Instant payouts have become a key differentiator, helping platforms build trust, boost satisfaction, and scale faster. Finix’s Payouts platform meets this demand by enabling platforms across North America to offer faster funds and stronger, more resilient businesses.