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Electronic Funds Transfers (EFT) |
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Electronic funds transfer is a fast, convenient, and secure method of processing payments, or transferring funds electronically. The increasingly popular use of EFT saves you and your company money by reducing paper and administrative costs while increasing the efficiency with which you do business. EFT reduces security issues encountered with paper transactions, and with same day settlement, your payments can be made or received in a timely and convenient manner.
Calforex has the ability to assist you with all of your EFT needs, and provide you with a solution that will streamline transactions and reduce costs. Whether you are paying suppliers or employees, or processing credit card or point of sale transactions, we can help you effectively manage cash flow and complete the day’s business. |
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Automated Clearing House (ACH) |
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Electronic funds transfer to the United States occur through the Automated Clearing House (ACH) network, a secure transfer system that connects all U.S. financial institutions. When payment is made to a U.S. supplier or vendor, it is cleared through the ACH. More convenient, cost effective and often faster than a wire transfer, ACH payments are becoming the preferred method for transactions in the U.S.
Calforex is able to provide you with the convenience of making ACH payments, reducing the time and costliness of doing transactions in the United States. We can help ease the way for you to do business. |
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A wire transfer is a form of electronic transfer of money. There are two types of wire transfers:
- A Bank wire transfer where money is transferred from one bank account to another, via a financial institution which charges a fee for the service.
- A Cash Office wire transfer where cash and fees are paid to the sending office, which forwards the money to be picked up as cash at the receiving office.
Bank wire transfers are secure and fairly convenient, but tend to be very costly. Both the sender and receiver are known, and bank wire transfers can be made internationally.
Cash office wire transfers are also very costly, and riskier than their counterparts. Wire transfers via this method are anonymous. |
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Calforex provides valuable check services for your convenience, including:
- a free internal messenger service which will provide hand delivery to your office .
- convenient pick up or delivery from one of our 12 branches.
Calforex ensures all U.S. checks are drawn on a U.S. bank account and settled through the U.S. clearing house system, helping you avoid a lengthy international check settlement process.
When dealing with international payables, utilize Calforex to simplify the process and reduce your costs. Through our service offering, you can batch upload your international payable checks to us, then we take care of check creation and distribution of funds in the currency of your choice. We can help increase the ease of doing business. |
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