McGill University implemented a mandatory electronic payment service for its suppliers.
Any supplier with an active Canadian bank account (in CDN currency) at a Canadian bank, in Canada must register for direct deposit in order to remit payment of their goods or services.
This payment method allows McGill University to pay invoices in a more efficient and timely manner. Electronic payment services offer tremendous advantages to the supplier as well, such as:
- Faster payments deposited directly to the financial institution of your choice
- Complete remittance information sent via email
- Reduced costs related to manual cheque and deposit process
- Reduced risk for potential loss of cheques using mail delivery
- Promotes sustainability
For your company to be eligible for this electronic payment service, please complete the form, include an image of your company's void cheque or bank confirmation letter, and send it to us by email.
Suppliers will be notified of their acceptance prior to receiving the first electronic payment.
