Supporting documents for Electronic Fund Transfer (EFT) applications vary depending on the country or region where your nonprofit is located. Below are the specific requirements for nonprofits in Canada.
Supporting documentation for nonprofits in Canada
Nonprofits must provide an official bank-issued document that includes the required account details:
- Void check
- Bank letter (on official bank letterhead)
- Bank statement
Not Accepted: Payroll/direct deposit forms.
Required information
The supporting document must display the following typed and clearly visible details:
- Account holder name (beneficiary)
- Bank name
- Bank address
- Account number
- Transit number
- Institution code
The supporting document must be clear, legible, and unaltered. All information entered in the application form must exactly match the details on the supporting document. If the form requests additional details not listed above, they must also be included in the document.
Before uploading, carefully review the supporting document to ensure it meets all requirements, and verify that the information entered in the form is accurate and consistent with the document.
Please note that your EFT application may be declined due to mismatched account details, incorrect or missing information, or an invalid supporting document. For more details, please refer to this article: Why was my EFT application declined?