Payroll payment preparation

Prepare Canadian EFT and direct-deposit payroll files

Nexvar Pay converts finalized net-pay amounts into an EFT or direct-deposit file workflow for supported Canadian banking arrangements. Review employee banking details and payroll totals before providing the file to your bank.

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Built from finalized net pay

Generate payment instructions from the same approved pay run used for pay stubs and payroll reporting.

Canadian banking fields

Store the institution, transit, and account information needed for supported Canadian EFT file preparation.

Control totals before upload

Compare the payment count and total with the finalized payroll before the file leaves Nexvar Pay.

Bank upload remains under your control

Nexvar Pay prepares the file; your authorized user reviews and uploads it through the financial institution's process.

How it works

A controlled payroll workflow from inputs to records

  1. 1Maintain employee banking details with appropriate access controls.
  2. 2Finalize the payroll run and confirm net-pay totals.
  3. 3Generate and review the supported EFT or direct-deposit file.
  4. 4Upload the approved file through your bank's authorized channel.

Common questions

Does Nexvar Pay move money from my bank account?

Nexvar Pay prepares supported EFT or direct-deposit files. The authorized user completes the upload and approval through their financial institution.

Will every Canadian bank accept the same file?

Bank requirements can vary. Confirm the required format and approval process with your financial institution before using a payroll payment file.