Information Needed to Process an ACH Direct Payment
or Direct Deposit
Before you can process an ACH Direct Payment or Direct Deposit you must receive your client’s banking information and authorization.
Where to Find Your Customer’s Banking Information
In most cases the bank/transit and account number for CAD payments can be found on MICR encoded cheques. It is recommended that you verify the banking information with your customer to ensure that the correct banking information is provided.
For USD payments destined to financial institutions in Canada, your customer must confirm the banking information with their financial institution as the MICR encoding on USD cheques does not reflect the correct account number.
For payments destined to the United States, the Routing Number and account number can be found on MICR encoded cheques or sharedraft.