Make Business Payments

Accounts payable is money a business owes to its suppliers or vendors for goods and services it has purchased. These funds are typically due in the short-term. Money owed to employees is not considered part of accounts payable.

Electronic Funds Transfers (EFT) also known as Automatic Fund Transfers (AFT), are electronic direct credit or direct debit transactions. They are commonly known in Canada as direct deposits or pre-authorized debits (PADs) where money is debited or credited from a client’s account automatically. AFTs are cleared by the Canadian Payments Association’s Automated Clearing Settlement System (ACSS).

Interac e-Transfer makes it easy to pay employees, contract workers and vendors.

To send a payment via Interac e-Transfer for business, enter your payee’s account number (optional) or email address or phone number, add remittance details (optional), and submit the transaction for approval. You can track payment status until the payee receives their funds.

Learn more about Interac e-Transfer.

There are a few easy ways to pay invoices as an RBC business client.

You can automate payments to your suppliers through RBC PayEdge and your accounting system.

Also, available through Standard Online Banking or Premium Online Banking (RBC Express), you can:

• Pay invoices with Interac e-Transfer^‡.
• Drop payments directly into your payees’ accounts with direct deposits.
• Send wire payments to domestic and international payees.
• Pay your bills online by sending electronic payments to any of the payees in our system.

You can also apply for and use a business credit card.

• Learn more about paying vendors and suppliers.

As an RBC business client, you have access to a few easy ways to pay employees:

• Make electronic payments to employees anywhere in Canada with Interac e-Transfer^{legal disclaimer ‡}
• Drop payments directly into your employees’ accounts with direct deposit via Standard Online Banking or Premium Online Banking (RBC Express).
• Pay your employees quickly and directly with Automated Payroll by ADP.

Learn more about paying employees.

As an RBC business client, you can pay the goods and services tax (GST) and harmonized sales tax (HST) by filing your business taxes online. You can learn more about Paying Business and Payroll Taxes Online.