ACOL Client Services Help
Subject to financial agreements with ACOL, ACOL permits use of electronic cheques to transfer funds from your bank account to your ACOL account. This is an electronic funds transfer (EFT) which makes funds available immediately to the ACOL account's users.
Electronic cheques are physically and logically similar to standard cheques. Each cheque must be signed and sent to take effect. Electronic cheques may be voided prior to being sent.
Additional Information
ACOL users who have electronic cheque signing authority are designated in your Client Application Form. To change the list of cheque signers (also called "EFT approvers") in your organization, contact the ACOL Client Support Centre .
A cheque may require more than one electronic signature. If there is a cheque waiting for another signature, it is displayed automatically when another signer selects the "Electronic Cheque" menu item.