Automated Direct Credit & Electronic Payroll Services

Automatically deposit individual or mass recurring payments directly into your payee accounts held at RBC or other local banks with Automated Direct Credit Services.

Managing recurring payments can be costly and time-consuming. Automated Direct Credit Services offers benefits that increase your control over cash flow and reduce your costs.

If you want to:

Stop processing labour-intensive cheques
Make your payments electronically
Gain predictable cash flow through reporting

...then Automated Direct Credit Services may be right for your business.

For your business, it saves time and reduces expenses associated with preparing, storing and handling paper cheques, and helps protect you from the risks associated with cheque and cash handling.

Direct Credits are commonly used by a wide variety of companies to automate their payments:

Private sector companies for dividends, payroll, pensions, supplier/vendor payments, reimbursement of expenses to employees, etc.
Financial institutions and insurance companies for annuities, claims, interest, payroll, pensions, dividends, reimbursement of expenses to employees, etc.
Public sector entities for payroll, pensions, social/economic payments, reimbursement of expenses, etc.
Business owners who delegate the payments function to other users (few or several)

Send us electronic instructions to disburse salaries and other payments by crediting individual & business accounts across banks.

Automated Direct Credit - Payroll Service

Electronic payroll is one of the most popular categories of Direct credits. The electronic payroll client is the employer (an RBC Business client), who will send us a payroll file to credit salaries, emoluments, bonuses and other benefit payments, directly to their employees’ accounts. The good news is that it doesn’t matter if your employee banks with RBC or other local banks.

Through the ACH (Automated Clearing House), we can credit accounts across all local banks and settlement usually occurs within one day! With our Direct Credit Service, you can manage your business banking anytime, anywhere.