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Modern Treasury has now added support for Royal Bank of Canada commercial banking customers. Utilizing RBC's ACH Direct Payments & Deposits product, Modern Treasury is able to support the originating of Electronic Funds Transfer (EFT) credits and debits, with wire transfers soon to follow. [1]

In order to support EFT payments, Modern Treasury has made a few additions to the Create Payment Order endpoint, including the addition of the eft payment type and a purpose field corresponding to the 3-digit CPA code that will be attached to the payment. For customers who have EFT payments enabled, initiating a new payment is as simple as sending the following payload:

```json
{
 "type": "eft",
 "amount": 1000,
 "direction": "credit",
 "currency": "CAD",
 "purpose": "450",
 "originating_account_id": "<Internal Account ID>",
 "receiving_account_id": "<External Account ID>"
}
```

Returns work similarily for EFT as they do for ACH and will alert you when EFT payments are rejected for any reason.

References

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For more details on Canadian payment types, see https://www.payments.ca/resources/payments-glossary.

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