EFT is Live!
We are excited to announce that we can now pay your expenses electronically directly into your bank account. No muss, no fuss.. you submit your expenses to the company and shortly after it is approved you will get an email saying that the money is on its way!
What is EFT?
Electronic Funds Transfer, or EFT, is an electronic way to send money directly from one bank account to another. In this case it will the Power Corp’s bank account directly to yours. It is how you currently get your paycheque. Sometimes it's called direct deposit and it is easy on the environment as it eliminates paper cheques.
What are the benefits?
EFT benefits you by reducing the time your reimbursement takes to get to you and the chances that it will get lost or stolen on the way, and the time it takes for you to deposit it and the hassle it creates.
EFT benefits the Corporation by eliminating the cost to produce and handle a cheque while reducing the risk that it will get stolen and altered or lost along the way. It is a win-win situation.
It is a great improvement in the service we provide you!
No more waiting for a cheque, then heading off to the bank, waiting in line to deposit a cheque only to have a teller tell you that they will have to hold your money for three days for the cheque to clear. It is here, now, live!
I’m in.. How do I enroll?
Simple! Fill out this FORM...
and email it to [email protected]
Questions?
If you have any questions or need further information please contact [email protected]
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