How does E-Pay Work?

• E-Pay and Online Payroll Services are encrypted to ensure enhanced data security
• When you use E-Pay, your office can submit a single file-making it more convenient, and less time consuming
• Salary payments can be made via direct deposit to any bank account at any local bank, making it accessible for employees no matter where they bank
• E-Pay also gives you faster payroll payment and processing, all while maintaining salary confidentiality
• Internal payroll reports can be generated

How will E-Pay Benefit My Business?

• No need to process individual employee salaries
• Eliminate the need to physically deliver your payroll
• Reduce paper waste
• Save the cost of cheques and stamp duty
• Reconcile account statements even faster
• Your employees can make their withdrawals on personal time through the ATM
• E-Pay reduces administrative and transaction costs associated with payment through cheques, paper vouchers and cash

Companies

Key Benefits

• Easy and convenient to fund - tied to a company account
• Ability to do payrolls electronically
• Reduced operating costs - reduce costs associated with writing cheques or managing cash

Key Features

• 1 electronic file to fund your payroll
• Works seamlessly with our E-Pay product

Employees

Key Benefits

• Greater flexibility in accessing and using funds

Key Features

• Ability to withdraw cash from CIBC ATMs at any time
• Ability to withdraw cash from other bank's ATMs where network exists (Barbados only)
• Ability to make purchases via Point-of-Sale

Ready to simplify your payroll process? Call your Relationship Manager or email our Cash Management Sales Team directly.