A:
Lead times for direct deposit vary.
Using pre-authorized debit can have a 3-4-5 business day lead time depending on your plan type, bank or business.
Lead Times for Pre-authorized debit
3 Day
Plan Types- Business Plus, Freshbooks Plus, Accountant Advanced and EVOLV
Banks- All banks except Scotiabank, National Bank, HSBC, First Nations Bank of Canada, all credit unions and ATB
Business- All business except those in the Cannabis Industry
4 Day
Plan Type: Legacy Business 22, Business Basic, Freshbooks Green and all clients with a plan type eligible for 3 day but banking with National Bank, HSBC, First Nations Bank of Canada, and most credit unions
Banks- All banks except ATB and ScotiaBank, Credit Unions under institution number 809
Business- All business except those in the Cannabis Industry
5 day
Plan Type: ANY
Bank: ATB, ScotiaBank, Credit Unions under institution number 809
Business- Cannabis Industry
Bill Payment or Wire have a 2 or 1 day lead time- additional fees apply