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Electronic funds transfer

​Electronic Funds Transfer (EFT) is a system of transferring money from one bank account directly to another without any paper money changing hands. EFT is safe, secure, efficient, and less expensive than paper cheque payments and collections.

If you would like us to do an electronic funds tranfer (EFT) to your bank,  you need to complete our EFT enrollment form and forward it with a void check or letter from your bank to AP_EFT@cpr.ca. 

Please note:

  • The name on the check must be the same as the legal name on the EFT Enrollment Form.
  • If not, or if you don't have a checking account, you must include a letter from your bank stating that you want to receive payment via EFT, with your bank and account information, on  bank letterhead. ​
  • If CP is billed in both Canadian dollars and US dollars it is necessary we be provided with a form and banking information for both currencies.​

Instructions

Canada

  1. Ensure the accurate tax identification numbers are provided in your vendor information.
  2. Ensure the EFT enrollment form​ is complete, signed and includes your EFT Payment Option:A, B or C.
  3. In order to receive payment with remittance detail (options B or C) you must provide a fax number (preferred) or a departmental (shared) email address.  Personal company email addresses cannot be allowed.  Please note that failure to provide a preferred fax or shared email address may result in the non-receipt of remittance advice which indicates what invoices are being paid.EFT payments are sent to the vendor’s head office bank (legal address) and not to individual banks for the different supplier branches.
  4. It is your responsibility to ensure any changes to your bank account or company ownership are provided to Canadian Pacific in a timely manner. 

U.S.

  1. Ensure the accurate W9 with tax identification numbers are provided in your vendor information.
  2. Ensure the EFT enrollment form is complete, signed and includes your EFT Payment Option:
  3. In order to receive payment with remittance detail (options B or C) you must provide a fax number (preferred) or a departmental (shared) email address. Personal company email addresses will not be allowed. Please note that failure to provide a preferred fax or shared email address may result in the non-receipt of remittance advice which states what invoices are being paid.
  4. EFT payments are sent to the vendor’s head office bank (legal address) and not to individual banks for the different supplier branches.
  5. It is your responsibility to ensure any changes to your bank account or company ownership are provided to Canadian Pacific in a timely manner. We will not re-solicit for this information.

Questions or concerns regarding these forms should be forwarded to AP_EFT@cpr.ca​