EFT and Cheque deposits

Void cheques are not required if the banking information of the PEAK account holder is already entered in the system.

For amounts exceeding $25,000, a client signature is no longer required. However, you must document the communications you had with your client.

In order to mitigate risk, for amounts of $250,000 and over, a client signature is still required. In this situation, any one of the documents below must be included with your request.

• one-time PAC authorization form
• Letter of direction
• Order form signed by the client requesting the funds to be withdrawn from the bank account

Transmission of the request:

Note that the request should be sent to the email address pac.swp@peakgroup.com with the required documents.

Purchases will be allowed on the same day as the EFT Deposit, as long as the cash shows in the account. Please refer to the Effective Date on your Deposit Report.