Electronic Funds Transfer

Quickly and easily debit or credit accounts at any financialinstitution in Canada

Commitment to service

At BMO Bank of Montreal®, your satisfaction is our top priority. We are committed to providing you

with a relationship you can value and trust. This means proactively offering sound financial advice

and cash management solutions to help you achieve your business objectives. From implementation

to ongoing support, our team of professionals will help you optimize your working capital through

all stages of the operating cycle.

Web-based electronic funds trans-fers (EFT) are an ideal way to payemployees and suppliers and collectcustomer payments. They can helpyou achieve more predictable cashflows, reduce costs and makeinformed business decisions.

Achieve more predictablecash flows

Managing payments online is simple.You group similar transactions – suchas your payroll or receivables – intoa single Canadian or U.S. dollarpayment file and send it to us. Westore the transactions and processthem on the value date you specify.EFT also works with many differentaccounting software packagesallowing you to create a paymentfile on your current system.

Since you can send us your paymentinstructions in advance, you can beassured that your funds are collectedor disbursed on the due date specified.In addition, you help mitigate therisk of fraud because, unlike papercheques, EFT payments can’t be lost,stolen or fraudulently altered.

Reduce costs

Sending and receiving paymentselectronically means you no longerneed to prepare and mail invoicesand cheques. You reduce the costof postage, cheque stock and returnenvelopes. Additionally, since theneed to process large volumes ofincoming cheques is removed, youremployees are afforded the time toperform more value-added tasks.

Access critical information forauditing and tracking

View reports onscreen or downloadthemtoyourPCwhereyoucan importthem into a spreadsheet, wordprocessing, or other application.EFT provides timely confirmation ofpayment file status, information onrejected and/or returned items, andthe ability to monitor the processingstatus of all your payment files.

EFT can help you:

• verify the dollar value and numberof transactions at any time,

• identify rejected items so you caninvestigate promptly,

• correct rejected items online,so there’s no need to re-transmityour file,

• automatically or manuallyre-submit returned items, and

• easily recall and correctpayments online.

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Electronic Funds Transfers maybenefit your business if you:

• Pay employees, suppliersand utilities.

• Collect payments from customers.• Need to improve security byreducing lost, stolen andforged cheques.

• Wish to reduce late payments andassociated charges.

Technical Requirements (forOnline Banking for Business)

The following browsers and systemrequirements are recommended forbest performance:

• Supported Browsers - InternetExplorer®† 6, 7, 8

• Minimum System Requirements486/66-Mhz processor orhigher (Pentium®‡ III Processorrecommended) with a Windows®†

based operating system(Windows ME, NT®† 4.0 withSP6a and higher, 2000 or XP®†).

• EncryptionOnline Banking for Business is asecure site requiring a higherlevel of encryption security thanwhat you might have installed onyour computer. Your browsermust be enabled with a 256-bitencryption in order to accessthe system.

Banking requirements

Your credits can be funded through:

• Settlement risk line of credit, or• Prefunding: where availability offunds is confirmed before a file isaccepted and funds are placed onhold until the value date.

Manage cash flow better

Our solutions help you control yourbusiness’ cash flow. We offernumerous products to complementelectronic funds transfers:

• Wire Payments. Provides you withenhanced control andmanagement

of the wire payments process fromend to end.

• Payables Plus. Move towards a

paperless payment process. With

Payables Plus, you send us a single

payment file from which we create

individual payments – using

cheques, EFT, EDI or wire

transfers – that match your payee’s

capabilities.

• Online Banking for Business.Monitor your account activity atany time, in real time, via the Web.

Getting started and beyond

An experienced specialist guidesthe implementation process fromstart to finish and keeps youinformed every step of the way.Once you are up and running, ourCash Management Client Help Deskteam is available to solve anyissues promptly. We support you inEnglish and French through a toll-free phone number, fax and e-mail.

® Registered trade-marks of Bank of Montreal.®† Internet Explorer, Windows, Windows NT and Windows XP

are registered trade-marks of Microsoft Corporation in theUnited States and other countries.

®‡ Pentium is a trade-mark of Intel Corporation in the U.S.and/or other countries.

5001336 (04/11)

To learn more about how Electronic Funds Transfers

can improve your cash management, contact your

BMO Bank of Montreal Representative.

Other services that help you manage your cash flow

We help businesses forecast cash flow, better understand their cash position, and make informed financialdecisions. Ask us about:

• Information solutions providing up-to-the-minute information on your account balances and activity.

• Receivables solutions helping you accelerate your collections process to put your cash back to work quickly.

• Payables solutions helping you pay suppliers and employees efficiently, manage cash out-flows,mitigate fraud risk, and improve payment timing.

• Short-term investment solutions helping you maximize the return on your excess funds.

FPO

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