Receiving EFT, ACH and Wire payments to your Float Business Accounts

Float Business Accounts let you receive business funds directly into your CAD or USD cash account in Float. With dedicated account details for each currency, you can streamline how you collect and track funds while keeping your business finances organized. 

These accounts are built for inbound transfers only, making them ideal for receiving payments.

This article will guide you through locating your account details to use to receive payments in Float.

Locating Float Business Account Details

The steps below will guide you through each account and transfer type so you can find the correct routing details to share with your customers.

You will share these Float Business Account details to receive payments directly into your Float Business Accounts.

CAD Cash Account

Your CAD Cash account can receive payments by EFT or wire transfer (SWIFT) in CAD or other currencies. Below, we break down each transfer type and show you where to find the details you’ll need to share to receive payments.

Electronic Funds Transfer (EFT)

Please follow the steps below to find your Float Business Account details to receive EFTs:

1. Navigate to Accounts > Overview > CAD Cash

2. Click the Account Details tab > click the EFT tab to view your EFT transfer details

3. Click the two overlapping squares icon to copy each detail to your clipboard or click Copy All 

4. You can also click Download PDF > a PDF document with your account details to receive EFTs will download to your device

   Please note: You can only use these details to receive CAD payments via EFT from within Canada. This account can only receive funds and cannot be used for pre-authorized debits or withdrawals.

   

    

Wire Transfer (SWIFT)

Please follow the steps below to find your Float Business Account details to receive wire transfers:

1. Navigate to Accounts > Overview > CAD Cash
2. Click the Account Details tab > click the Wire (SWIFT) tab to view your Wire (SWIFT) transfer details
3. Click the two overlapping squares icon to copy each detail to your clipboard or click Copy All
4. You can also click Download PDF > a PDF document with your account details to receive wires will download to your device

Some Important Notes on Receiving Wires: 

• You will use these details to receive wire payments in any currency
• CAD and USD wires will be credited to their corresponding accounts
• All other currencies will be converted to CAD at the best rates available when received, and credited to your CAD account
• Please review the article below for instructions on information to include in the payment reference fields when sending a wire to avoid conversion fees:
  • How to avoid conversion fees when sending wires to Float

USD Cash Account

Your USD Cash account can receive payments by ACH or Fedwire from US banks, or by wire transfer (SWIFT) in USD from international senders. Below, we break down each transfer type and show you where to find the details you’ll need to share to receive payments.

Automated Clearing House (ACH)

Please follow the steps below to find your Float Business Account details to receive ACHs:

1. Navigate to Accounts > Overview > USD Cash
2. Click the Account Details tab > click the ACH tab to view your ACH transfer details
3. Click the two overlapping squares icon to copy each detail to your clipboard or click Copy All
4. You can also click Download PDF > a PDF document with your account details to receive wires will download to your device

Please note: You can only use these details to receive USD payments via ACH from within the US. This account can only receive funds and cannot be used for pre-authorized debits or withdrawals.

Fedwire

Please follow the steps below to find your Float Business Account details to receive Fedwires:

1. Navigate to Accounts > Overview > USD Cash
2. Click the Account Details tab > click the Fedwire tab to view your Fedwire transfer details
3. Click the two overlapping squares icon to copy each detail to your clipboard or click Copy All
4. You can also click Download PDF > a PDF document with your account details to receive wires will download to your device

Please note: You can only use these details to receive USD payments via Fedwire from within the US. This account can only receive funds and cannot be used for pre-authorized debits or withdrawals.

Wire (SWIFT)

Please follow the steps below to find your Float Business Account details to receive wire transfers:

1. Navigate to Accounts > Overview > USD Cash
2. Click the Account Details tab > click the Wire (SWIFT) tab to view your wire transfer details
3. Click the two overlapping squares icon to copy each detail to your clipboard or click Copy All
4. You can also click Download PDF > a PDF document with your account details to receive wires will download to your device

Some Important Notes on Receiving Wires:

• You will use these details to receive wire payments in any currency
• CAD and USD wires will be credited to their corresponding accounts
• All other currencies will be converted to CAD at the best rates available when received, and credited to your CAD account
• Please review the article below for instructions on information to include in the payment reference fields when sending a wire to avoid conversion fees:
  • How to avoid conversion fees when sending wires to Float