---
title: How to Set Up EFT Service as a Card Issuer
description: Everything you need to configure your EFT service and enable secure, fast investing for your cardholders through addy.
---

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# How to Set Up EFT Service as a Card Issuer

## Everything you need to configure your EFT service and enable secure, fast investing for your cardholders through addy.

 

### Overview

To allow your cardholders to invest through addy using funds pulled directly from their linked bank accounts, you’ll need to set up your **EFT (Electronic Funds Transfer) service** with us.

This setup ensures that:

- PAD-authorized transactions can be submitted through your EFT processor.
- Funds flow from members’ linked accounts into your corporate account.
- Risk controls are in place via instant funding limits.

---

⚠️ **Note**: You will need to ensure you have set up your account to process 80 Byte EFT Files with your Financial Institution before you can set up and run a test through the addy Software.

#### What You Need to Provide

Here’s what we’ll need from you to get started:

### 1. 💼 Banking Details

To correctly configure your EFT file generation, please provide:

| Field | Description | Use |
| --- | --- | --- |
| **Bank Name** | The name of your financial institution (e.g., RBC, CIBC, TD) | EFT File |
| **Transit Number** | A 5-digit branch transit number (Canada) | EFT File |
| **Bank Account Number** | The full account number where funds will be deposited | EFT File |
| **Institution Number** | The institution number for your FI. | EFT File |
| **Currency** | The currency of your EFT account (e.g., CAD or USD) | EFT File / PAD Agreement |
| **Card Issuer Name** | The name of the Entity that will be processing the transactions. To display in the PAD agreement that the members authorize to debit/credit their account. | PAD Agreement |
| **Card Issuer Address** | The Entity address that will display within the PAD agreement. | PAD Agreement |
| **Card Issuer Email** | The support email address to be included in the PAD agreement for members. | PAD Agreement |

 

---

### 2. 🆔 Originator ID

This is your official **Originator Identification Number**, issued by your bank or payment processor. It identifies your company as the source of EFT debits. Without this, EFT transactions can’t be initiated.

Make sure:

- It’s active and approved for PADs
- It’s correctly registered with your bank and/or EFT partner

---

### 3. ⚠️ Instant Funding Limit (Unverified Release Limit)

This is the **maximum dollar amount** you’ll allow members to invest with their card **before the funds have actually cleared** from their linked bank account via EFT.

When a member uses a card issued by you to invest through addy, the transaction gets initiated right away. But EFTs usually take 7 business days to fully process, after they have been submitted for processing with your FI. If you want members to be able to **invest instantly**—without waiting for the funds to settle—you’ll need to set an **instant funding limit**.

This is also sometimes referred to as an **Unverified Release Limit.**

#### How it works:

- Members can invest up to this limit using their card, and the funds will be credited to their addy wallet **instantly**, even though the EFT hasn’t cleared yet.
- If the EFT fails (e.g., insufficient funds, closed account), the member’s wallet balance will be adjusted, and any investments made will automatically be cancelled.
- You control this limit based on your risk tolerance.
- The 7 business day period only started to count down after it has been submitted for processing. 
  
   
  
  **Example:**
  
  Let’s say you set the limit to **$10,000 per member**.
  
  If a member makes a deposit of **$15,000** using their card, **$10,000** will be available instantly, while **$5,000** will remain on hold.
  
  The member can now invest up to **$10,000** without waiting for the initial **clearing period**. Any additional deposits made during this clearing period won’t be released right away. Once the clearing period has passed, the system will re-calculate how much of the balance is still on hold based on the next applicable release schedule.
  
  Once the original EFT clears, the member’s instant funding limit resets.
  
  > 💡 You can adjust this limit at any time. It applies **per member**, not per transaction.

---

### 4. 📊 Set an EFT Threshold for Investors

To help manage risk and limit exposure to potential chargebacks or failed debits, you can set an **EFT deposit threshold** for your investors.

This threshold limits how much any individual investor can deposit via EFT over a **trailing 90-day period**.

#### How It Works:

- You define the **maximum total amount** an investor can deposit using EFT across a trailing 90-day window (e.g., $5,000).
- Once an investor hits this limit, they won’t be able to make additional EFT deposits until some of the previous transactions fall outside the 90-day window.
- This setting applies **only to EFT deposits** and does not affect other funding methods like Interac or Wire.

#### Recap: Setup Checklist ✅

Make sure you have the following ready:

- Bank Name
- Transit Number
- Bank Account Number
- Routing Number (if applicable)
- Currency (CAD/USD)
- Originator ID
- Unverified Release Limit
- EFT Thresholds

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