Simplify the Way You Pay Vendors and Suppliers

Keep your business running smoothly with solutions that make paying vendors, suppliers and others easier. Whether they’re located in Canada, the U.S. or around the world, check out ways to simplify and strengthen the process.

payedge logo

Automate Payments with RBC PayEdge

Make effortless payments every time with RBC PayEdge, an innovative accounts payable platform that integrates with your accounting system to pay invoices and reconcile payment information automatically.

Ideal for:

  • Canadian businesses of any size, even if you’re not an RBC business client
  • Accessing funding from any combination of your Canadian bank accounts and most credit cards, and pay as many invoices as needed in a single payment
  • Making payments in Canada or globally
  • Gathering and storing important supplier information

Explore RBC PayEdge

interac logo

Pay Invoices via Email and Text Message

Make electronic payments to payees anywhere in Canada with Interac e-Transferlegal disclaimer . Funds are typically sent within an hour and are available once your vendor or supplier accepts them.

Ideal for:

  • Making payments when you don’t have your payee’s banking information
  • Making one-off, several or bulk payments
  • Getting real-time confirmation that your funds have been delivered

Interac e-Transfers are available through:

Make Direct Deposits

Drop payments directly into your payees’ accounts with direct deposits. Save time by only having to set up payments once for recurring deposits.

Ideal for:

  • Paying vendors or suppliers who have bank account information on file
  • Making payments in U.S. and Canadian currencies

Direct deposit is available through:

Pay Vendors by Wire in Over 30 Countries

Benefit from a fast and secure way to pay domestic and international vendors and payees in a foreign currency.

Watch the Video for Wires in Standard Banking(opens modal window)

Ideal for:

  • Making international payments
  • Large domestic purchases, such as real estate or product shipments
  • Meeting urgent payment requirements

Wire payments are available through:

Pay Your Bills Online

Send electronic payments to any of the thousands of payees in our system. Pay your bills on time while maximizing your cash flow and stop spending time processing and sending cheques in the mail.

Ideal for:

  • Paying established suppliers through the payees available online
  • Handling multiple bills at once—pay up to 100 at a time

Online bill payments are available through:

Use a Business Credit Card

Improve your cash flow and cut down on paperwork at tax-time with a business credit card. Plus, earn Avion points or cash back on your business expenses to use for travel and more.

Ideal for:

  • Separating your personal and business expenses
  • Building a credit history in your company’s name

Explore business credit cards

Send Multiple Payments from a Single File

Payables Direct is an effective way for large business clients, who are already users of EDIlegal disclaimer 1 or ISO20022legal disclaimer 2 XML, to electronically submit multiple payment instructions to RBC in a single file or transmission. These payments can be for ACHlegal disclaimer 3 Direct Deposits, ACH Direct Payments, Wire payments, FEDIlegal disclaimer 4, Cheque Issuance with/without Payee Match. With this service clients are able to efficiently submit payments 24/7 allowing for improved cash flow management and forecasting.

Integrated Payables Direct (IPD) is a new version of RBC's Payables Direct service. Like the legacy Payables Direct service, IPD allows large business clients to provide multiple payment types in a single industry-standard ISO 20022legal disclaimer 1 XML file and send fax and email remittances to the payment receiver (enhanced).

IPD also supports ACHlegal disclaimer 2 Direct Deposits for domestic payroll and vendor payments, ACH Direct Payments for domestic collections, Wire Payments, Business Document Solutions for Cheque Issuance, Payee Match and RBC International Pay for international and cross-border ACH.

With this new service, clients are able to efficiently submit payments 24/7 Host-to-Host through Network Gateway or SWIFT FileAct, or online using RBC's new Bulk File Transfer service. IPD also provides clients with the ability to approve submitted files using the Bulk File Transfer service and RBC will keep clients up to date with the latest payment status.

Ideal for large companies that:

  • Send multiple payments each day.
  • Wish to automate their payment processes with one ISO 20022 pain.001legal disclaimer 3 or pain.008 XML file for all their payment needs, providing a more efficient payment process.
  • Need an industry standard solution with cross border capabilities.

Contact your RBC Account Manager(opens modal window) to learn more

Ready to Get Started?

How many employees do you have?

Call our 24/7 Business Helpline

1-888-356-3897

Locate a Branch Near You

Find a Branch