CIBC ACH U.S. Dollar Cross-Border Payment Service for Payables gives your business a fast and simple way to make electronic payments and avoid the costs associated with preparing, distributing, and reconciling cheques.

Save time and money

Reduce the costs to buy, store and control blank cheque stock
Avoid the cost of cheque and envelope preparation
Save on postage costs

Simplify your disbursements

Send your payment file to CIBC and your payments will be disbursed on the date you request
No more delays in reconciling your cheque book while you wait for cheques to be cashed
ACH Cross-Border Payment is an easy way to make recurring payments, including travel and expense reimbursements, and payment of dividends and annuities

Gain better control of your cash flow

Time your payments to the due date for accurate cash flow forecasting
Take advantage of supplier discounts while reducing your handling costs for payment processing - your file can include payments with multiple due dates
Postdate your payments up to 90 business days in advance of the due date so you never miss a payment
Funds will be withdrawn from your U.S. dollar bank account on the date you specify

Offer convenience to your employees and suppliers

Your employees and suppliers will receive their money on time, every time
No need for your employees or suppliers to prepare deposits and visit the bank or banking machine
Funds are usually not held when payments are deposited to an account electronically
A direct deposit is safer and more private than a cheque

Is it right for my business?
Consider CIBC ACH U.S Dollar Cross-Border Payment Service for Payables if you:

Write a large volume of cheques to payees in the United States
Want to reduce the possibility of fraud resulting from lost or misdirected cheques
Want an inexpensive and simple way to make payments to groups of individuals or businesses in the U.S.
Want better control over your cash flow
Have access to the Internet