Cash management services

Interac e‑Transfer is a convenient and reliable solution for transferring funds electronically.

If you currently have Laurentian Bank’s Interac e‑Transfer service, National Bank’s Interac e‑Transfer solution will be available to you once the migration is complete.

This service will be accessible through your online banking platform; you will need to consent to using Interac e-Transfer before your first transaction.

Outgoing Interac e‑Transfers are only available in CAD and can only be done from your current account.

You can transfer up to $25,000.00 per day and $100,000.00 per week, to other businesses or to individuals.

If one of your beneficiaries declines the e‑Transfer or fails to accept it within 30 days, the funds will automatically be deposited back into your account.

We do not offer the Interac e-Transfer Request Money feature for the time being, but you can accept money requests that are sent to you.

Outgoing wire transfers allow you to quickly and securely transfer funds from your National Bank account to another account, either at National Bank or at another financial institution, both domestically and internationally.

If you currently use Laurentian Bank’s wire transfer service, National Bank’s wire transfer solution will be available to you once the migration has been completed.

We recommend using our online banking platform for your transactions as a faster and more convenient option.

After the migration and until February 28, 2027, you will be able to make wire transfers from one of National Bank’s banking centres.

National Bank supports outgoing wire transfers from current accounts and foreign currency accounts.

Please take note of the following cut‑off times for wire transfers:

• Online banking platform: 5:00 p.m. (ET)
• In-branch: 3:00 p.m. (ET)

Processing times vary by currency. If sent before the respective cut‑off times:

• Transfers in CAD or USD are processed the same day.
• EUR, GBP, MXN, CHF, SEK and NOK transfers are processed within 24 hours.
• Other currencies are processed within 48 hours (business days).

SecurID tokens (also known as physical security tokens) are used at National Bank as an additional authentication method to approve all outgoing wire transfers processed online. Under certain conditions, SecurID tokens will be free of charge as part of the welcome offer. Please refer to the migration letter for more information.

National Bank’s pricing will apply to online wire transfers and branch transactions. For more information on our standard fees, please refer to our Fee Guide for Banking Services for Businesses at nbc.ca/lbc-business-legal.

The online tool provides user‑friendly government forms and enables better account management to pay both federal and provincial government remittances.

If you currently use Laurentian Bank’s government remittance service, National Bank’s government remittance solution will be available to you once the migration has been completed.

All remittances will be migrated to Dye & Durham’s tax filing and payment platform accessed via single sign‑on to National Bank’s online banking platform.

Government remittances can only be paid from a CAD current account, are processed the next business day and are received within 1 to 3 business days.

After the migration, National Bank will not process post‑dated government remittance transactions set up prior to the migration.

Please review the government remittance beneficiaries and manually add any beneficiaries that may be missing after the migration.

Please note that alerts cannot be set up to notify other users that a payment is pending approval.

Government remittances are irrevocable.

After the migration, your post‑dated remittances can be prepared up to 12 months in advance.

This service is not available on mobile devices.

The history (dates and user names) of any actions carried out on a remittance can be viewed.

Alerts can be placed on any rejected transaction.

You will benefit from a fee exemption until February 28, 2027, for one-time registration fees.

For more information on our standard fees, please refer to our Fee Guide for Banking Services for Businesses at nbc.ca/lbc-business-legal.

The payments solution allows your company to pay billers electronically from your current account via the online banking platform.

The bill payment option refers to payments made electronically to public or registered billers. If you currently use Laurentian Bank’s bill payment service, National Bank’s bill payment solution will be available to you once the migration is complete.

The option also allows you to pay other billers with the new biller’s/beneficiary’s bank information.

Bill payments are only available in CAD.

No recurring or post‑dated bill payments set up prior to the migration will be processed by National Bank after the migration.

Please review the beneficiaries, called “billers” at National Bank, and manually add any beneficiaries that are missing after the migration.

Please note that cut‑off and processing times are as follows:

• Payments with a final signature before 3 p.m. (ET) on a business day will be processed on that day.
• Payments with a final signature after 3 p.m. (ET) or on a statutory holiday will be processed on the next business day.

On account of National Bank’s efforts to process your payments faster and more efficiently, same‑day bill payment recall will no longer be available. Billers should be contacted directly to cancel a payment.

Please note that you also have the option to pay your bills via our network of ABMs.

Bill payment frequency options are daily, weekly, every two weeks, monthly and every two months.

• You will be able to set frequencies according to National Bank’s available frequencies or the closest match.

Relevant information about your last payment to a biller can be viewed in the online banking platform to ensure payments are not duplicated. The platform shows when the last payment to a specific biller was made and the amount.

Maximum of 30 deposits per pay period (2 weeks). This does not replace a traditional payroll service.

There is a 48-hour processing time between transmission and deposit to the beneficiary’s account held at all Canadian institutions.

You can issue recurring post-dated salary deposits of up to 1 year, with a maximum of 30 transactions per deposit.

You will benefit from a fee exemption until February 28, 2027, for salary deposit transactions.

This solution allows you to electronically deposit amounts in CAD or USD through electronic file transfers directly into the bank accounts of the beneficiaries, regardless of the financial institution in Canada.

The EFT – Direct Deposits solution requires you to have accounting software that is compatible with ASCII files for EFT in compliance with Payments Canada’s Standard 005. This is the same format that you currently use. If you do not already have such accounting software, please note that you may have the option to use the solution offered by our partner Technicost.

National Bank’s electronic funds transfer solution supports transactions to and from chequing accounts in CAD and USD, with no limit on the number of file transfers.

The solution offered by our partner Technicost allows you to send email notifications to your payers/beneficiaries, informing them of upcoming debits or credits to their accounts.

Please note that your account will be debited for the total amount of the file 24 hours before the processing date for CAD files, or 48 hours before the processing date for USD files (or 24/48 hours before the first file date if it contains multiple payment dates). Please make sure to have sufficient funds in your bank account at the time of withdrawal.

If you currently use Laurentian Bank’s Electronic Funds Transfer service (EFT) and the corresponding National Bank service (EFT – Direct Deposits) applies to you, you will benefit from the dynamic billing method with an additional 15% discount on monthly volumes until February 28, 2027. Additionally, set‑up fees will be waived.

You will benefit from National Bank’s favourable regular fees for EFT – Direct Deposits and for all other applicable fees (stop payments and corrections). For more information on our standard fees, please refer to the Cash Management Solutions Fees page at nbc.ca/lbc-business-legal.

• If you currently use manual entry for electronic funds transfers, you may need to use the Technicost platform to set up your file. If this applies to you, National Bank will assume the fees associated with using Technicost until February 28, 2027.

When payments are made by bank draft, National Bank guarantees the funds to the payment beneficiary.

As of the migration date, you will be able to purchase bank drafts from National Bank. Please note that National Bank no longer offers cheque certification as a service, but outstanding Laurentian Bank certified cheques, official cheques and bank drafts will be honoured.

Bank draft limit of CAD 10,000,000 (equivalent).

Bank drafts are available in USD, CAD and EUR.

For more information on our standard fees, please refer to our Fee Guide for Banking Services for Businesses at nbc.ca/lbc-business-legal.